About sdammons

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I am an enrolled agent with over 30 years of tax experience. While I have been an employee with Intuit for 8 years, I also own a private tax practice for individuals and small businesses. One of the things I enjoy most is educating others on tax laws and their implications.

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Re: Sold house then divorced

It dependsbut if you have to report the sale, you will report your share of the house (50/50 if you live in aCommunity Property State) as the sale of a capital ...

sdammons

Updated Nov 16, 2022
Re: Accrued Interest

You can enter the accrued interest adjustment in the 1099-INT section of TurboTax. Follow these steps to make an adjustment for the accrued interest paid on you...

sdammons

Updated Nov 16, 2022
Solved Re: Just Married!

Congratulations and Best Wishes on your new beginning! To address your first concern, you always want to file your tax return with the name on your most recent...

sdammons

Updated Nov 16, 2022
Re: IRA conversion planning, will the dollar amount I convert to a R...

This is a great tax planning question. Your AGI will be increased by the amount of the conversion; it will not stay the same as if no conversion occurred. Wheth...

sdammons

Updated Nov 16, 2022
Re: W-4

I think I might understand what you are asking. In the past, the IRS allowed you to calculate withholding allowances which incrementally lowered your withholdin...

sdammons

Updated Nov 16, 2022

Activity Feed for sdammons

Got Cheered for Re: Profit sharing cash-out. ‎March 20, 2023 9:25 AM
Got Cheered for Re: Just Married!. ‎November 16, 2022 1:39 PM
Posted Re: Sold house then divorced on Get your taxes done using TurboTax. ‎November 16, 2022 1:28 PM
Posted Re: Accrued Interest on Get your taxes done using TurboTax. ‎November 16, 2022 1:08 PM
Posted Re: Just Married! on Get your taxes done using TurboTax. ‎November 16, 2022 12:45 PM
Posted Re: IRA conversion planning, will the dollar amount I convert to a Roth IRA be taxed at my AGI for this year, 2022. Please give an example on Get your taxes done using TurboTax. ‎November 16, 2022 12:17 PM
Got Cheered for Re: Adding a domestic partner. ‎November 16, 2022 12:00 PM
Posted Re: W-4 on Get your taxes done using TurboTax. ‎November 16, 2022 11:36 AM
Posted Re: Adding a domestic partner on Get your taxes done using TurboTax. ‎November 16, 2022 11:21 AM
Posted Re: Profit sharing cash-out on Get your taxes done using TurboTax. ‎November 16, 2022 9:52 AM
Got Cheered for Re: Taxes on Retirement Income. ‎November 16, 2022 9:37 AM
Posted Re: Taxes on Retirement Income on Get your taxes done using TurboTax. ‎November 16, 2022 9:36 AM
Got Cheered for Re: can I still file?. ‎October 26, 2022 2:02 PM
Posted Re: can I still file? on Get your taxes done using TurboTax. ‎October 26, 2022 1:09 PM
Posted Re: Adult Dependent Children on Get your taxes done using TurboTax. ‎October 26, 2022 11:00 AM
Got Cheered for Re: Adult Dependent Children. ‎October 26, 2022 10:57 AM
Posted Re: Adult Dependent Children on Get your taxes done using TurboTax. ‎October 26, 2022 10:54 AM
Got Cheered for Re: Child support. ‎October 26, 2022 10:16 AM
Posted Re: Child support on Get your taxes done using TurboTax. ‎October 26, 2022 10:15 AM
Posted Re: Joint custody on Get your taxes done using TurboTax. ‎October 26, 2022 10:03 AM

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Date Registered	‎February 8, 2021 4:57 PM
Date Last Visited	‎November 17, 2022 9:26 AM
Total Messages Posted	15
Total Cheers Received	7

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Re: Sold house then divorced

Re: Accrued Interest

Solved Re: Just Married!

Re: IRA conversion planning, will the dollar amount I convert to a R...

Re: W-4

Do you have a TurboTax Online account?

Re: Sold house then divorced

Re: Accrued Interest

Solved Re: Just Married!

Re: IRA conversion planning, will the dollar amount I convert to a R...

Re: W-4