About MartyG

Level 3

Member profile

I'm a CPA with 42 years Tax Experience

Latest badges earned

Replies
Posts

Re: Inheritance

Hi Aln9, First, I'm sorry for your loss. Since your mom left everything to you, you are the owner of it, and it is yours, tax free, with a stepped up basis to...

MartyG

Updated Oct 25, 2023
Re: I paid off land using an inheritance from a irrevocable living t...

Hi thesherrya, I'm not sure what tax benefit you mean, but if you move permanently from CA to NV, you will become a NV resident and no longer be a CA resident....

MartyG

Updated Oct 25, 2023
Solved Re: Snowbird Follow Up Question

You have a few different issues in your question. One is residency, and the another is state taxation of the income earned. It is also complicated (but potentia...

MartyG

1

Updated Oct 25, 2023
Re: Inheritance or income

Hi Vivmarsh, First of all, I'm sorry for your loss. Generally yes, you would have to report the payment as taxable income on your US tax return (assuming you ...

MartyG

Updated Oct 25, 2023
Re: Foreign Earned Income

Hi MarwanM, Since it is your earned income, the physical presence test applies to you. So yes, you should be okay if you yourself meets the 330 days abroad tes...

MartyG

Updated Oct 25, 2023

Membership stats

Public Statistics

Date Registered	‎July 24, 2023 8:31 AM
Date Last Visited	‎October 25, 2023 12:13 PM
Total Messages Posted	26
Total Cheers Received	11

Quick links

©1997-2024 Intuit, Inc. All rights reserved.
Intuit, QuickBooks, QB, TurboTax, ProConnect, and Mint are registered trademarks of Intuit Inc. Terms and conditions, features, support, pricing, and service options subject to change without notice.

Security Certification of the TurboTax Online application has been performed by C-Level Security.

By accessing and using this page you agree to the Terms of Use.