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intuit turbotax has made poor decisions in the past that have been reversed, because customers would not stand for it. Discontinuing the CD version of turbo tax will not be tolerated by many customers and it will cost turbotax more than they plan on ... read more
ANNUITY ‎Posted 4 weeks ago | Latest post 19m ago by tagteam
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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 a week ago | Latest post Monday 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 2 weeks ago | Latest post 2 weeks ago by Hal_Al
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I am disabled age 50. Most of my income is SSDI. Want to use TTax 2023 to estimate taxes due for a 2024 conversion of part or all of my standard IRA to a Roth. Confused by what to enter on a mock 1099R: Distribution code? Section B questions?Of cours... read more
John-Kristin ‎Posted 4 weeks ago | Latest post 3 weeks ago by dmertz
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These are being reported in Schedule E, but should they also be included in Form 1116 I am including in my return this year? In Schedule E they are showing loss due to high allowed depreciation, but they generated income and tax was paid accordingly ... read more
Stsxoz ‎Posted 40m ago
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Learning you have high levels of Radon in your home is not good and a cause for cancer. There is a fairly straightforward system that can be installed in the home to correct this. For a tax return, is there a deduction somewhere to assist with the co... read more
massachusetts1 ‎Posted 54m ago | Latest post 39m ago by massachusetts1
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