Investing

Roth IRA Losses

Where are Roth IRA losses put in TurboTax?

Master Limited Partnerships & Form 990-T

Split for capital gains when moving

If you move states halfway through the year can yo still allocate 50/50 for capital gains? Can you deduct capital losses taken in second half of year against gains from first half of year?

mailing new york state tax return

I have to mail my state tax return, I don't know what forms to mail.

How to treat proceeds of merger between companies described as a tax free reorganization pursuant to Section 368. The share holders in the acquired company received stock and cash. Facts: I purchased 1500 shares of a startup company in 1999 and 2003 for $16,500. In 2018, the company was acquired in what was described as a corporate reorganization pursuant to IRC 368. I received 2020 shares of the acquiring company plus $22,968.72 in cash. How do I handle this transaction in Turbo Tax?

I am just starting out and have a pretty decent credit score. I’m also starting save up some money but I like to plan ahead. What are a few things you guys would suggest to start investing? What should I look for?

How to treat Interest received on defaulted corporate bond

I received a coupon payment for $500 in June on a corporate bond. 3 months later in September the company filed for bankruptcy. Do i have to pay tax on the $500 coupon, or can I use the $500 to reduce my basis?

Stock listings

Can you add a separate list of stock trades or do the all have to be entered in the program

convert interest paid on a defaulted promissory note to a principal payment to reduce defaulted note amount

Multiple Properties and Schedule E

I have a single member LLC and do not use the K-1 form. The LLC owns several properties purchased in 2018. Turbotax is not giving me a schedule E for each property, and I don't know if I need a separate form for each property since the form asks for ... read more

capital gains tax

If I sell an ETF in an IRA for $100k and use the $100k to replace it with a different ETF in the same IRA, do I have to pay capital gains on the first ETF?

Short Term Capital Gains

Hello, This may seem a ignorant question but I really need help. I am a 19 year old college student who does not much know about taxes or claiming investments. I recently made an investment through a fellow stock investor and I am set to receive an e... read more

What to do with $12,000 in a Money Market fund that has been lame for years?

? Any suggestions. In today's market. Be conservative

Socially Responsible Investing

I have finally reached the point, at the age of 34, where I have the additional funds to try my hand at investing. I am very conscious when it comes to corporate social responsibility, and who I choose to spend my money with, but I am having a diffic... read more

Do I have to use the "stepped up" cost basis?

I am preparing a 1041 estate income tax return. My deceased mother in law had an investment account. I know the original cost basis for each of the investments. For some, the original cost basis is higher than the "date of death" cost basis (in other... read more