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JandKit
Employee Tax Expert
Employee Tax Expert
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Enrolled Agent with 35 years of tax experience
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  • HiCY110 the stepped-up in basis happens when the price of an inherited asset on the date of a person's death is greater than its original purchase price. If th...
    JandKit
    Updated Oct 25, 2023
  • Hi toniateaka You rshould receiv a form 1099 Q for the funds that are taken from the account. Theses amounts all have to bejustifed in the year of withdrawal. ...
    JandKit
    Updated Oct 25, 2023
  • Hicanderson145 Adding my thoughts to others who may have spoken about this issue, I would suggest that both you and your husband complete new w-4s for the upcom...
    JandKit
    Updated Oct 25, 2023
  • Hi toniateaka, I see that your son is a freshman in college this year. Is it possible that he took time off before attending school? Is he older than 18? These ...
    JandKit
    Updated Oct 25, 2023
  • Hi Bjl66 congrats on reaching this milestone. Generally, there isn't much of a change in your tax situation other than the fact that social security is typicall...
    JandKit
    1
    Updated Oct 25, 2023
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