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I am an Enrolled Agent. I have been since June 2014. I am also a MBA in finance but I stick to my first love, which is taxes. As of 2023, this is my 4th year working in Turbo Tax Community and my 9th year with intuit. My specialty is Foreign Income but I do attempt to answer questions from all of the specialties. I really like researching the tax code and to give good answers that are concise and easy to understand. I may not always achieve this goal but I strive to do this to the best of my ability. I am here for all members of the Community and I take the approach that we all learn together. If we learn together, this is the greatest achievement for all of us !! With this, have a blessed day as well as a successful tax season!!
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If these are capital loss carryovers, then only $3000 can only be claimed yearly, if this is the portion of the loss you are referring to. The remainder of the ...
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No, Turbo Tax may have handled this correctly, if your original house was acquired before 2017, because the mortgage limitation before 2017 was $1M. Here is wha...
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No, the only way you can claim depreciation in past years is to amend your return(s) from previous years.. in this case, you can only amend within three years f...
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Keep in mind, GeorgeM777 suggests reporting this stock transaction so that no penalties or interest will occur just in case if you do receive a tax document lat...
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No he will need to report these on his 1040 NR. What you are referring to is that if a taxpayer files and uses the standard deduction, he/she would not have a f...
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