joenewcomer-ver
Level 1
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This helps a lot.Did not know to open this form / worksheet. Step By Step does not tell you this and does not ask you enough questions on this.
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I followed all the steps, put in the 1099-Q and 1098-T and it keeps telling me that (I'm paraphrasing) the $5K will need to be reported on the student's tax fro...
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HELP, TT Premier is saying the Box(2) Earnings on the 1099-Q are TAXABLE. WHY??? I thought all with drawls from 529 were tax free? I'm confused.
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That was not the question. The parents DEEDED the house to them. Not in a will or estate. So the value was the original sales price, correct?then can they deduc...
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What if there was a life estate?Does that change things?Can they deduct repairs, maintenance during the life estate to reduce the stepped up baseis?
Activity Feed for joenewcomer-veri
- Posted Re: The issue is caused because you did not work through the... on Education. February 27, 2022 3:04 PM
- Posted Re: The issue is caused because you did not work through the... on Education. February 27, 2022 1:57 PM
- Posted Re: The issue is caused because you did not work through the... on Education. February 27, 2022 1:18 PM
- Cheered Re: Home Deeded to my wife and her brother about 10 years ago, with life estate. The parents pass... for KrisD15. February 16, 2022 6:15 PM
- Posted Re: Home Deeded to my wife and her brother about 10 years ago, with life estate. The parents pass... on Deductions & credits. February 16, 2022 6:14 PM
- Posted Re: Home Deeded to my wife and her brother about 10 years ago, with life estate. The parents pass... on Deductions & credits. February 16, 2022 3:26 PM
- Posted Home Deeded to my wife and her brother about 10 years ago, with life estate. The parents passed away. We sold the house. How do I report it? What can be deducted? on Deductions & credits. February 15, 2022 2:25 PM