Hello@DMS3470 and thanks for the question.
An IRA is an Individual Retirement Account, meaning that it belongs only to one individual.
While you cannot both co...
Hello@Irshad-khan1and thanks for the question.
The income threshold for the Child Tax Credit depends upon the filing status of the taxpayer.
The following arti...
Hello@Chevyman1967 and thanks for the question.
First, let me say that I am sorry that you are experiencing this situation!
I'm afraid that we will need a bit...
Hi@MalikHenry. Thanks for the question!
The income earned on the funds in the UGMA would be treated as income to your grandchild.
If the grandchild's income ex...
Yes,@Kcoffey3000you are correct!
You will need to amend your tax return and it can be done with TurboTax.
If you filed your original return using TurboTax! The...
