Here is questions not answered so am resending it. Also in regards to the sale of our home do we need the exact date of moved in to the home as was in 84 or so and do we need what we paid for our place also or are those not required. Here are other questions;
Hello:
So then since have 2 states--and we don't receive w2 or wages but strictly retired-social security, pensions, ira distributions rmd have to do each year, investment dividends, mortgage interest,property tax--how do we compute the social security---do we put the total deposit with everything taken off--as takes off 10% federal taxes--medicare b-part c senior advantage-prescription. How do I list the remaining portions-is there a spot for each of those or do I just put the total after all deductions per person plus we both have pensions of which they take out 10% federal taxes. Also when the form on Oregon comes up does it have areas for me and my wife as we usually do jointly.Is there a separate area for both of us on the Oregon 1 form, So how do we list the pensions what amounts do we include federal taxes or what? In other words we again moved to Oregon--residency 11/19/24-can we put percentage down or what to make this easier.
Also where do we add to our taxes-- the escrow fees--and other fees on our taxes on the seller closing statement as we do have a 1099-s besides sellers closing cost.
In our other house we did get the place painted and also replaced carpeting in some rooms with vinyl wood. Can that be a deduction as was done a few months before selling to upgrade for example and if so where would that go.
Lastly can you mention again the procedure to get the 2nd state of Oregon online as again have the premier with turbo tax.
You'll need to sign in or create an account to connect with an expert.
Yes, you will need the date you purchased the home but you can estimate since it was in 1984. You will need the purchase price of the home, otherwise you may have to pay tax on all or most of the sale price you received.
California and Oregon do not tax social security so you do not have to allocate it.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
shaunteewoodford820
New Member
Hoagies
New Member
chjanedoe
New Member
freddytax
Level 3
austin-allen85
New Member