JCampbellEA
Level 3
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Unfortunately, you can't adjust the basis of stock options just because their value has decreased. The basis of stock options is generally determined by the pri...
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If you entered a capital loss carryover of $15,000 on your 2022 Schedule D when it should have been $18,000, and you've been carrying forward the incorrect amou...
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The gain from the sale of a laptop used in business cannot be excluded as foreign earned income on Form 2555. Form 2555 is used to exclude foreign earned income...
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Yes, the LLC should file an amended Form 1065 to correct the errors. Since the K-1s were marked as final by mistake, and there were missing codes for lines 14a ...
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Yes, you can potentially deduct expenses for home health aides as medical expenses on your partner's tax return. These expenses qualify as medical care if they ...
Activity Feed for JCampbellEA
- Posted Re: Stock Options Exercised But Not Sold That Subsequently Lost 50% Of Value In Same Year on Investors & landlords. April 11, 2025 10:08 AM
- Posted Re: I understated my loss carryover by $3000 in 2022. Can I simply correct it in a subsequent year or do I have to go back and do a corrected retrun for each year since then? on After you file. April 11, 2025 10:02 AM
- Posted Re: Can gain from sales of laptop used in business be excluded as foreign earned income? on Business & farm. April 10, 2025 2:14 PM
- Posted Re: K1s marked final by mistake on Business & farm. April 10, 2025 2:11 PM
- Posted Re: Can I deduct expenses for Home health aides for a senior with parkinson's? on Deductions & credits. April 10, 2025 2:06 PM
- Posted Re: I need to add two vehicles. The first was a loss. The second is one that I currently use and have a loan. I didn't include either when filing and now submitting an addendum. How do I figure basis for gain/loss for the first vehicle. on Deductions & credits. April 10, 2025 2:03 PM
- Posted Re: Do HSA contributions made through payroll deductions count as Employer Contributions? on Deductions & credits. April 10, 2025 12:47 PM
- Posted Re: I’ve spent 10 years refurbishing a historic house for rental. Is there a time limit for expensing/ amortizing start up costs once rented? on Investors & landlords. April 9, 2025 4:14 PM
- Posted Re: If I took a lump sum payment from a retirement account do I qualify for the Kentucky 3-year Recovery rule? on Retirement tax questions. April 8, 2025 3:42 PM
- Posted Re: Calculating MAGI for Roth IRA Income limit with Rent expenses on Get your taxes done using TurboTax. April 8, 2025 3:36 PM