TaxWander
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Does that mean I send in an updated 8606 for 2023 or a 1040x ($0, there we no mistakes in the overall taxable income, the $1 interest was reported on the 1040)?
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I have a clarification here. I did a backdoor roth contribution. I reported the non deductible contribution in 8606 part 1 but forgot to fill out part II line 1...
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Super helpful! One clarification, the capital gains will be 0 (since the total gains are less than the 500k exemption for a joint return). However I'm trying to...
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Thanks, helpful! Could you throw some light on the tax calculation approximation approach? Reason I"m asking, is the tax due via quarterly estimated tax (when t...
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To clarify the recapture of the depreciation is just on the part that was being rented and not the entire home right? So basically if one took the accumulated d...
Activity Feed for TaxWander
- Posted Re: Form 8606 not filed for previous non-deductible post-tax Traditional IRA contributions on Retirement tax questions. October 21, 2025 3:15 PM
- Posted Re: Form 8606 not filed for previous non-deductible post-tax Traditional IRA contributions on Retirement tax questions. October 17, 2025 12:46 PM
- Cheered Re: Calculating depreciation recapture tax at federal and state level on sale of primary home used for rental for Mike9241. July 12, 2024 10:00 AM
- Posted Re: Calculating depreciation recapture tax at federal and state level on sale of primary home used for rental on Investors & landlords. July 12, 2024 8:24 AM
- Cheered Re: Calculating depreciation recapture tax at federal and state level on sale of primary home used for rental for Carl. July 12, 2024 8:19 AM
- Posted Re: Depreciation Recapture on Sale of Home on Get your taxes done using TurboTax. July 9, 2024 5:03 PM
- Cheered Depreciation Recapture on Sale of Home for abayba. July 9, 2024 4:57 PM
- Posted Re: Depreciation Recapture on Sale of Home on Get your taxes done using TurboTax. July 9, 2024 4:56 PM
- Posted Calculating depreciation recapture tax at federal and state level on sale of primary home used for rental on Investors & landlords. July 9, 2024 6:12 AM
- Posted Re: Calculating capital gains for primary home converted to rental property - land value in cost basis on Investors & landlords. June 18, 2024 9:18 AM
- Posted Calculating capital gains for primary home converted to rental property - land value in cost basis on Investors & landlords. June 18, 2024 8:02 AM
- Posted Re: Tax withholding and reporting for sale of "primary" property as non resident in Georgia on State tax filing. June 17, 2024 7:47 PM
- Posted Re: Tax withholding and reporting for sale of "primary" property as non resident in Georgia on State tax filing. June 17, 2024 6:50 PM
- Posted Re: Tax withholding and reporting for sale of "primary" property as non resident in Georgia on State tax filing. June 17, 2024 4:00 PM
- Cheered Re: Tax withholding and reporting for sale of "primary" property as non resident in Georgia for NCperson. June 17, 2024 3:52 PM
- Posted Re: Tax withholding and reporting for sale of "primary" property as non resident in Georgia on State tax filing. June 17, 2024 2:44 PM
- Posted Tax withholding and reporting for sale of "primary" property as non resident in Georgia on State tax filing. June 17, 2024 10:58 AM
- Posted Re: Child federal efile tax return getting rejected - first return on After you file. April 10, 2024 1:30 PM
- Got Cheered for Re: Child federal efile tax return getting rejected - first return. April 10, 2024 10:27 AM
- Posted Re: Child federal efile tax return getting rejected - first return on After you file. April 10, 2024 10:26 AM