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Enrolled Agent with over 20 years tax experience, and 5 years working with the TurboTax community.
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Yes, when you are reporting the sale, you can add the Improvements to your Cost Basis, reducing your gain on the sale. However, if this was your primary residen...
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Since retirement income from a Non-Qualified Deferred Compensation Plan, reported on a W-2, is not excludable in Illinois, the distribution is taxed as regular ...
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From what you reported, that seems correct. Since you filed Part Year Resident Returns for both Missouri and Arizona in 2021, did you prepare AZ first? Since ...
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The Donor's Adjusted Basis of a home is the price they paid for it, plus the value of any Improvements. In your case, your Basis was 182K, and you sold it for ...
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In Federal Taxes, click on Other Tax Situations. Scroll down to Other Tax Forms > Amend a Return. @hug3kids1
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