jtax
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@M-MTaxWe'll just have to disagree on the boilerplate nature of the adjustment power. I see it in every trust and even if not it is the trust, it is probably a ...
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Also see e.g. page 17 of the 1116 instructions for part I, line 2: https://www.irs.gov/pub/irs-pdf/i1116.pdf Line 2Enter your deductions that definitely relat...
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For business (including rental) you should deduct those schedule E expenses on the 1116 as expenses directly related. Enter $10k foreign income and $6k in 1116 ...
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That doesn't sound quite right. Here are a couple of things to help you figure it out. First, you have to look at the forms to get anywhere. Look for example a...
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There should definitely be a 8949 when you review the forms. I don't understand that. Do you see the sale when you do to review the interview section of your c...
Activity Feed for jtax
- Got Cheered for Re: ISO selling price was much lower than FMV at exercise but higher than the grant value. Paid AMT at exercise. 1099-B reported basis as the grant value, meaning a capital gain. How to get the AMT credit back?. Monday
- Posted Re: Does this clause in a irrevocable trust I am trustee to allow me the legal right to make distributions of commercial rental income the trust produces to beneficiaries to avoid the trust paying high estate taxes on that income? on Investors & landlords. Sunday
- Posted Re: When filling out Form 1116 for foreign rental income, how do i enter the income? on Investors & landlords. Sunday
- Posted Re: When filling out Form 1116 for foreign rental income, how do i enter the income? on Investors & landlords. Sunday
- Posted Re: Sold of my rental property on Investors & landlords. Sunday
- Posted Re: TT2023 Premier not filing out form 8949 on Investors & landlords. Sunday
- Posted Re: Does this clause in a irrevocable trust I am trustee to allow me the legal right to make distributions of commercial rental income the trust produces to beneficiaries to avoid the trust paying high estate taxes on that income? on Investors & landlords. Sunday
- Posted Re: Where do I report a mutual fund liquidation check? on Investors & landlords. Saturday
- Posted Re: Does this clause in a irrevocable trust I am trustee to allow me the legal right to make distributions of commercial rental income the trust produces to beneficiaries to avoid the trust paying high estate taxes on that income? on Investors & landlords. Friday
- Posted Re: Does this clause in a irrevocable trust I am trustee to allow me the legal right to make distributions of commercial rental income the trust produces to beneficiaries to avoid the trust paying high estate taxes on that income? on Investors & landlords. Friday
- Posted Re: ISO selling price was much lower than FMV at exercise but higher than the grant value. Paid AMT at exercise. 1099-B reported basis as the grant value, meaning a capital gain. How to get the AMT credit back? on Investors & landlords. Friday
- Posted Re: Does this clause in a irrevocable trust I am trustee to allow me the legal right to make distributions of commercial rental income the trust produces to beneficiaries to avoid the trust paying high estate taxes on that income? on Investors & landlords. Friday
- Got Cheered for Re: ISO selling price was much lower than FMV at exercise but higher than the grant value. Paid AMT at exercise. 1099-B reported basis as the grant value, meaning a capital gain. How to get the AMT credit back?. Thursday
- Posted Re: Can I take the foreign tax credit on capital gains? on Deductions & credits. a week ago
- Got Cheered for Re: Can I take the foreign tax credit on capital gains?. a week ago
- Got Cheered for Re: Rental property. a week ago
- Got Cheered for Re: Rollovers - How to Report Gross Distribution Checks?. a week ago
- Got Cheered for Re: Rollovers - How to Report Gross Distribution Checks?. a week ago
- Posted Re: Rollovers - How to Report Gross Distribution Checks? on Retirement tax questions. a week ago
- Posted Re: Rollovers - How to Report Gross Distribution Checks? on Retirement tax questions. a week ago