Hello@haujod!
Great question. Love to see people planning ahead on their taxes!
Basically, deductions and credits are handled completely differently. You don'...
Hi@BrendaJ1!
Great question.
Basically, yes the trust is now its own tax entity and must file its own tax return if there is taxable income. Selling stocks, o...
Hello@stardrum!
Not to worry, all you have to do is enter the information about your car purchase when you prepare your 2022 taxes, and TurboTax will fill out ...
Hi, @kiwanski!
If your relocation benefit is included in Box 1 of your W2, you do not need to report it elsewhere as income.
Unfortunately, moving expenses ar...
Hello@T101!
Because Roth conversions are essentially treated as income (assuming the contributions to the previous account were tax free), you will want to kee...