Mike9241
Level 15
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the major issue you face is that when you sell you must recapture as income the depreciation you never took. another issue is potential changes in the tax laws ...
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This is what I found searching the web. AmeriCorps Segal Award taxationThe Segal AmeriCorps Education Award is considered taxable income in the year it is u...
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did your spouse file her own return and if so what was the filing status?
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for the assets like the appliance and HVAC the tax laws say no depreciation if you acquire and dispose of the asset in the same tax year so $0 is correct. i al...
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Turbotax uses line 20z of the k-1 to later ask further questions about the QBI components so enter the QBI income or loss. Go through 1 or 2 more screens and yo...
Activity Feed for Mike9241
- Posted Re: Start taking rental depreciation now when not in the past on Investors & landlords. 5 hours ago
- Posted Re: AmeriCorps Segal Award on After you file. 5 hours ago
- Posted Re: I just did an an amendment on 2024 taxes and filed it Mary jointly from single and it was rejected on After you file. yesterday
- Posted Re: Sale of Rental Property that was originally my Primary Residence on Get your taxes done using TurboTax. Friday
- Posted Re: Turbo Tax problem 'Sch K-1 Wks - Partnerships: Box 20 Code Z has been selected but no Section 199A income has been entered on Statement A'. Where do I enter this income? on Business & farm. Friday
- Got Cheered for Re: Form 8096 line 4a and 4b. Friday
- Posted Re: Form 8096 line 4a and 4b on Investors & landlords. Friday
- Got Cheered for Re: We installed a new roof on our residential home in 2024. Is this a deductible expense and Where do we enter it?. Thursday
- Posted Re: I formed a company recently and have no income or expenses to report, how can i file return for free? on Get your taxes done using TurboTax. Thursday
- Posted Re: How do I fix previous returns for states we never should have paid taxes in? on State tax filing. Thursday
- Posted Re: Financial Planner 401k Management Fees on Business & farm. Thursday
- Posted Re: My fiance lives with me and has for 3 years. He doesn't have enough income to file a tax return. Can I claim him as a dependent? on Get your taxes done using TurboTax. Thursday
- Posted Re: Why is it that during the review, it shows $0 for form 4684 (natural disaster), even though I entered $3350? Everything is entered correctly. This is for 2024. on Deductions & credits. Thursday
- Got Cheered for Re: I was contributing to an HSA for family coverage. In June 1st my family changed coverage while I stayed with the HSA. Would my max contribution be $6,425 for 2025?. Thursday
- Got Cheered for Re: I was contributing to an HSA for family coverage. In June 1st my family changed coverage while I stayed with the HSA. Would my max contribution be $6,425 for 2025?. Thursday
- Posted Re: Tax Reporting for non-qualified variable annuity at surrender on Get your taxes done using TurboTax. Wednesday
- Posted Re: I’m low income and need to file but can’t afford153 to file what program can help me out? on Get your taxes done using TurboTax. Wednesday
- Posted Re: how to report sales of rental houses and the profits those sales made? on Investors & landlords. Wednesday
- Got Cheered for Re: I was contributing to an HSA for family coverage. In June 1st my family changed coverage while I stayed with the HSA. Would my max contribution be $6,425 for 2025?. Wednesday
- Posted Re: 1099-R Question on Get your taxes done using TurboTax. Wednesday