Employee Tax Expert
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I've been a Certified Management Account and a Certified Financial Manager since 1993, and a CPA since 2014. I stared working for Intuit as Tax Expert in February 2021, and recently became a year round Intuit employee in January 2023.
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Your capital gain tax will be at 15% as long as your taxable income is below $583,750 for 20924; given the amounts you presented, that will not be an issue. Yo...
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Given that you are taking money from a regular IRA in which you were able to deduct your contributions when you made them as tax deductions, the contributions w...
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When you sell a home, you can deduct costs associated with selling that home whether you claim the standard deduction, or you itemize; costs associated with sel...
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My apologies, I forgot to mention, given that this is in essence a real estate transaction, you can also deduct basis in the townhouse; that is whatever you ori...
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Basically, given that for the lawsuit proceeds the other party is receiving a townhouse, it is the equivalent of a real estate transaction. The cost of the lega...
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