For my seasoned daytraders, I recently took up daytrading and I heard
about the tax stuff and got a little scared. So my question is Sec. 475
Mark-to-market Election. In order to claim it for the 2021 Tax year, can
I file the election when I file my ...read more
How do I input my loss from a limited partnership that went bankrupt in
2021? I invested in the project in 2014 and have been receiving K-1's
every year showing my initial investment with no other entries. It was a
real estate development project. Th...read more
I had an HSA account with my old employer. I quit that job, and started
a new job and thus have an HSA account with a different administrator.
My question is what is the difference between a rollover and transfer?
Am I correct in assuming that a roll...read more
I inherited my mom's house and sold it for more than the fair market
value at the date of death. Will I have to pay capital gains taxes on
the sale if I invest the whole amount into a new property? This will not
be my primary residence.
I've been thinking about buying an apartment in Mexico City which, once
built (in like 3 years), will generate monthly dividends. In Mexico,
what I've been told, is that you pay a 10% tax on these dividends. But
will I have to pay extra taxes in the ...read more
SDLCPosted May 23, 2021
| Latest post 3 weeks ago by
Opus 17
I have paid several thousand dollars for charting program expenses and
for market news letters this year. Are these deductible expenses and if
so, how do I enter them into my TurboTax Premier program? My market
profits greatly exceed these expenses. ...read more
TxcolonelPosted June 18, 2021
| Latest post 3 weeks ago by
Opus 17
I am looking for a good customized spreadsheet template for my
situation, whether paid or free--it may need to be a separate program
and I don’t think Turbo-Tax or Mint will do (I could be wrong). My
company is going private and all shares will soon ...read more
I sold a residential rental property in 2019 and the passive losses made
my 2019 AGI go negative. Can I carry the remaining loss over to my 2020
taxes? If so, how do I do that as I didn't see anywhere on Schedule E or
on my 1040 to do that.
Joseph00Posted May 30, 2021
| Latest post May 31, 2021 by
tagteam
I have rental property and have filed single for the last 10 years and
have deducted my losses. I married last year and turbo tax doesn't seem
to allow me to deduct my losses. This is correct?
I'm looking for a tax situation for 2021 that goes beyond my ability to
take care of most of my finances on my own. If I sign up for TurboTax
Live, is this the kind of thing I'm able to talk with a CPA on? I need
to understand the tax implications of...read more
micahman33Posted May 13, 2021
| Latest post May 14, 2021 by
ErnieS0
I was only eligible to contribute to my employer 401K for 5 weeks out of
the year in 2020 but did not contribute because I was leaving the
company. I make over $75K last year. Because I was eligible for 401K for
5 weeks of the year even though I did ...read more
cmmisu2nuPosted May 13, 2021
| Latest post May 13, 2021 by
DoninGA
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