Be prepared and make tax preparation a breeze! Imagine how beneficial
and stress-free it would be to not rush around last minute gathering
your tax info. You can begin by making a list of what's changed since
last year and gather your supporting docu...read more
The end of the year is more than just holidays, great food, and family!
It’s also the perfect time to make smart money decisions, take action to
reduce your tax liability and give yourself peace of mind! The following
links are filled with tips and s...read more
Amy, please take a look at my New York Return. I'm getting the same
letter in the mail from New York State as everyone else about a
computation error in IT-196. Here's my token number: 1225817.
ReuvenPosted April 3, 2024
| Latest post 55 seconds ago by
Reuven
Hello I am resident in France and have self employment income (Schedule
C). This is covered under the totalization agreement with France, as
social security taxes are already being paid to France. For this
situation no US SE tax is required, and the ...read more
jetlife2Posted 4 hours ago
| Latest post 43m ago by
rjs
I settled with my university over meal plan and housing expenses due to
the spring 2020 semester that was interrupted by Covid. We received an
amount per student in a class action settlement that was calculated as
the portion of the cost that was for...read more
I sold my trust rental property at the appraised value, and have a loss
in amount of the settlement costs. Where do I enter that information on
form 1041?
I own 2 Rollover IRA accounts held at 2 different brokerages. I will be
combining the RMD withdrawal and take it out of one account. How will I
report this in TT since I'll have only one 1099-R from one of brokers?
spichonPosted 2 hours ago
| Latest post 2 hours ago by
VolvoGirl
Since CPP and OAS are not taxed in the US if one is resident in Canada
(they are only taxed in Canada), how can I update TurboTax Social
Security Line 6a with the CPP+OAS amount and Line 6b with $0 since it is
not taxable income?I can not see a way o...read more
Turbotax says I owe an unusually high amount of federal taxes this year
(2023). The problem seems to be the RSU shares that were traded to cover
taxes. I'm not confident they are properly credited against my taxes
paid. When I delete or add these tra...read more
I just received my Form 5498 from E*TRADE/Morgan Stanley and I believe
there is an error in box 3. I want to verify what should be included in
box 3 before I call customer service for what I'm sure will be a long
aggravating conversation. When I subm...read more
azk54Posted 4 hours ago
| Latest post 2 hours ago by
fanfare
It's my understanding this should be in Box 14 of my W2, but said box is
empty. Only "Box 12c V" is populated with the total value of my shares
at vest (no taxes taken out) even though taxes were in fact taken out on
the vest date in July 2023 & were...read more
uk05Posted January 27, 2024
| Latest post 3 hours ago by
tmurraysdca1