About hcjontax

Level 2

Member profile

Latest badges earned

Replies
Posts

Re: Property Tax Lien Deduction for Small Business

No there is no formal rental agreement to the partnership. Basically, the building title is under her name and she paid the property taxes and tax lien thru her...

hcjontax

Updated May 14, 2021
Solved Re: Filing Retroactive Gift Tax Return Form 709

What would happen if I just estimated the value at date of gift as a couple thousand above the cost basis? What does the IRS even do with the value at date of g...

hcjontax

2

Updated May 15, 2021
Re: Property Tax Lien payment impact on Tax Returns

Thank you Opus. I clarified the situation below:1.) Mother paid -$100,000 for unpaid property tax lien in 20202.) Property was not primary residence and title i...

hcjontax

Updated May 11, 2021
Solved Re: Filing Retroactive Gift Tax Return Form 709

Thank you. On the from 709 - I know the cost basis is $120,000 but this was the 1999 purchase price. I don't have any info on the improvement costs or depreciat...

hcjontax

4

Updated May 15, 2021
Re: Cash Business Audit Risk

I dont use any software, and the only record would be the cash deposits into the business checking account. There are no checks. Would that be good enough for t...

hcjontax

1

Updated May 10, 2021

Membership stats

Public Statistics

Date Registered	‎November 12, 2020 3:45 PM
Date Last Visited	‎June 23, 2021 1:12 PM
Total Messages Posted	21

Quick links

©1997-2024 Intuit, Inc. All rights reserved.
Intuit, QuickBooks, QB, TurboTax, ProConnect, and Mint are registered trademarks of Intuit Inc. Terms and conditions, features, support, pricing, and service options subject to change without notice.

Security Certification of the TurboTax Online application has been performed by C-Level Security.

By accessing and using this page you agree to the Terms of Use.