I have an entry in line 6 of Form 8995 (Qualified REIT dividends). I did
not consciously enter anything like this. From where in my Income
entries did this come?
We purchased an investment home in January 2019 and sold it in December
2019. How am I to proceed with reporting this on my taxes. I was told
that it would be considered as income because we owned it for less then
one year. We did not live in the hou...read more
I'm interested to learn more about the benefits of reinvesting capital
gains into a QOF, as well as the timeframe to reinvestment into a QOF
from gains having been realized - must it all be done in the same year,
or is there something comparable to 1...read more
abtinnycPosted November 21, 2019 | Latest post Thursday by tagteam
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?
My current wife purchased land in Nevada in 1981 for $8000. 00. We got
married in 1987. With financing etc we spend a total of $13,956. After
all the years of paying taxes, we finally sold the property for
$1327.00.Can we claim the substantial loss o...read more
I was a partner at an engineering firm and decided to leave that
company. When I left I sold all of my shares back to the company. We
created a Buy/Sell agreement where they agreed to purchase my shares for
the set year value and pay off any outstand...read more
The 1099s are in at E Trade. TT will not allow me to import that because
of a hard coded date in TT that says 2-17. What's up with hard coding
the data? It's either there on not. Is this COBOL batch?
This is my first year using TT. I am subject to AMT and have a AMT
Credit Carryforward. I opened a ROTH IRA in 2020 and made a $7,000
contributions for 2019 and 2020. My (M)AGI for regular tax and my AMT
taxable income (not even sure if there is an A...read more
This is the first year that I have received a supplement from E*TRADE
with transactions on it. My 1099-B shows a $0 cost basis for my RSUs
that I sold this year. The Supplement shows a different cost basis, and
it changes the tax due, it seems. I wor...read more
I signed a contract for what was to be a rental property in 2004, the
builder sold my lot to another builder and in 2005 I signed another
contract with the new builder for $270000.00 and payed $89000 of that up
front for the lot. In 2006 the original...read more
I am wondering how would I go about buying crypto currency (ex. Bitcoin)
and then using it to buy let’s say a pizza. Say I bought 20 dollars
worth of bitcoin to start with and the pizza costed 10 dollars. How
would I report that on my taxes or what w...read more
FrobwerPosted a week ago | Latest post a week ago by sp55
