Y es . You can deduct interest you pay on a loan secured by your main home (where you ordinarily live most of the time) and a second home. A second home can include any other residence you own and treat as a second home, and can be a mobile home, house trailer, recreational vehicle, or houseboat that has sleeping, cooking and toilet facilities. This is an itemized deduction similar to a home mortgage. ... View more

Please see this full explanation from HalAl.   1099-Q     ... View more

You can delete the form. Neither Form 1095-B nor 1095-C is entered on the tax return.   Here's the general procedure for viewing the forms list and deleting unwanted forms, schedules, and worksheets in TurboTax Online: Open or continue your return in TurboTax. In the left menu, select Tax Tools and then Tools. In the pop-up window Tool Center, choose Delete a form. Select Delete next to the form/schedule/worksheet in the list and follow the instructions.     ... View more

No. It is not possible. There is a very small circumstance to be able to use Form 8814 to include your child's income.   Foreign accounts and trusts.   You must complete Schedule B (Form 1040), Part III, and file it with your tax return if your child: 1. Had a foreign financial account, or 2. Received a distribution from, or was the grantor of, or transferor to, a foreign trust. Enter “Form 8814” on the dotted line next to line 7a or line 8, whichever applies. Complete line 7b if applicable. Note: If you file Form 8814 with your income tax return to report your child’s foreign financial account, you have an interest in the assets from that account and may be required to file Form 8938, Statement of Specified Foreign Financial Assets. See the Form 8938 instructions for details.   Form 8814 ... View more

Yes, you absolutely have to report the sale.   If you only had one line of work, you would only file one Schedule C, no matter how many people you worked for. If you had more than one line of work, each would need its own Schedule C.   If you used it and took deductions for it for each different type of job, then you have to prorate the usage between the jobs as well as the personal portion. I would advise you to do it on paper first, as it can be tricky, and once everything adds up, then enter it on each Schedule C. ... View more

Did you receive a 1099-MISC? You would want to enter it as such so the IRS can match the entry to the form.   Non-employee compensation is no longer reported on Form 1099-MISC, it is now reported on Form 1099-NEC.   You can add it as Other Income. I'll choose what I work on Less Common Income select Start (or Update) for  Miscellaneous Income. Other reportable income and you can enter your own description(s) and amount(s).     ... View more

Yes, this is correct. ... View more

You don't deduct a down payment. You compare the sales price with the entire purchase price and the difference is capital gain or loss. In addition, any depreciation you took is now recaptured and taxed as ordinary income. ... View more

They are miscellaneous expenses that would need a description.   ... View more

Only the person who actually paid the mortgage and property taxes can claim them. If you both paid, you can split them. If you were divorced as of 12/31/20, one can claim the house and the other can claim the standard deduction. Play with the figures to see how to take the most advantage. ... View more