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I've read so much that seems conflicting. Here's the scenario:Rental property - owned 35 years, rented the last 30 years.Last year we sold it. However, the last renter (successful 29 years, burned badly last year) pretty much destroyed the place. We ... read more
jeanne17 ‎Posted 2 weeks ago | Latest post 2 weeks ago by tagteam
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Per IRS Instructions, a not-for-profit rental home that has not had a loss in the past 5 years is considered a "for-profit" rental. However, T Tax asks me to enter the number of days that the home was rented out at fair market value (which is 0) and ... read more
taxed24 ‎Posted 3 weeks ago | Latest post 3 weeks ago by Hal_Al
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After completing my 2022 amended return, TurboTax says I owe money. The TurboTax amended Oregon Form 40, however, shows I should get a refund. Any idea which one or neither is correct? Thanks!
grant8 ‎Posted an hour ago
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My financial institution didn't provide 1099-R as my US citizenship info was not updated. I am US resident for tax purposes although I reside outside the US.
natarajks ‎Posted 2 hours ago
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When you are allow to have community property right of survivorship, in the cost basis adjustment worksheet, in the column, "received the home through an inheritance", do I enter the step-up cost here?
totoro11 ‎Posted 2 hours ago
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Is this publication is wrong why is it on the IRS Website they should remove it. just saying. What happens if a vehicle goes to personal use and gets traded later does that matter anywhere. I don't see why it would but who knows since am told this pu... read more
javatax14 ‎Posted 3 hours ago
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