Loretta P
Employee Tax Expert
Member profile
Enrolled Agent, 36 years exerience
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- Posts
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Question 1: How should these foreign properties and the associated rental income be reported on my son's U.S. tax return? As a U.S. citizen, your son is require...
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It really is personal choice for the later years. If there were not many changes, it might be better to do the later years online. For the oldest years you are ...
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If you use the TurboTax Desktop product to complete the amended return for the oldest year 2021 first and then progress forward to amend the following years it ...
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The One Big Beautiful Bill (OBBB) establishes a temporary personal exemption of $6,000 forindividuals who are 65 years or older (subject to income limitations a...
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The maximum credit for a previously-owned clean vehicle credit is $4,000. The expiration of this credit was changed from 12/31/2032 to 09/30/2025; therefore, ta...
Activity Feed for Loretta P
- Posted Re: Foreign Real Estate on Get your taxes done using TurboTax. 2 weeks ago
- Posted Re: Adjustment(s) Amending Tax returns And Cancelled Debt on [Event] Ask the Experts: Tax Law Changes - One Big Beautiful Bill. 2 weeks ago
- Got Cheered for Re: Questions re EV Credits under IRC 45W (Commercial Clean Vehicle Credit), IRC 169 (Expenses), IRC 179 (Bonus Depreciation) and IRC 280F (Luxury Auto Depreciation Cap). 3 weeks ago
- Got Cheered for Re: Adjustment(s) Amending Tax returns And Cancelled Debt. 3 weeks ago
- Posted Re: Adjustment(s) Amending Tax returns And Cancelled Debt on [Event] Ask the Experts: Tax Law Changes - One Big Beautiful Bill. 3 weeks ago
- Posted Re: Enhanced Deductions for Seniors on [Event] Ask the Experts: Tax Law Changes - One Big Beautiful Bill. 3 weeks ago
- Got Cheered for Re: Questions re EV Credits under IRC 45W (Commercial Clean Vehicle Credit), IRC 169 (Expenses), IRC 179 (Bonus Depreciation) and IRC 280F (Luxury Auto Depreciation Cap). 3 weeks ago
- Got Cheered for Re: Questions re EV Credits under IRC 45W (Commercial Clean Vehicle Credit), IRC 169 (Expenses), IRC 179 (Bonus Depreciation) and IRC 280F (Luxury Auto Depreciation Cap). 3 weeks ago
- Posted Re: Questions re EV Credits under IRC 45W (Commercial Clean Vehicle Credit), IRC 169 (Expenses), IRC 179 (Bonus Depreciation) and IRC 280F (Luxury Auto Depreciation Cap) on [Event] Ask the Experts: Tax Law Changes - One Big Beautiful Bill. 3 weeks ago
- Got Cheered for Re: itemizing. 3 weeks ago
- Posted Re: itemizing on [Event] Ask the Experts: Tax Law Changes - One Big Beautiful Bill. 3 weeks ago
- Got Cheered for Re: Over 65 Provision. 3 weeks ago
- Posted Re: Over 65 Provision on [Event] Ask the Experts: Tax Law Changes - One Big Beautiful Bill. 3 weeks ago
- Cheered Re: Final tax year 2025 tax brackets published for mbpeddie. 3 weeks ago
- Got Cheered for Re: Deduction for home office. July 16, 2025 8:53 AM
- Got Cheered for Re: Deduction for home office. June 25, 2025 4:15 PM
- Posted Re: I have a W2 income job as a mechanic and a single member LLC for my side hustle. Can I deduct the equipment and tools that I purchase for my w2 job as they are also being used to repair the LLC equipment. on Get your taxes done using TurboTax. June 25, 2025 4:03 PM
- Got Cheered for Re: Questions about a Side Gig (1099 Income). June 25, 2025 12:06 PM
- Got Cheered for Re: Questions about a Side Gig (1099 Income). June 25, 2025 11:58 AM
- Posted Re: Questions about a Side Gig (1099 Income) on Get your taxes done using TurboTax. June 25, 2025 11:56 AM