LeslieB
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No. Do not include your 401K qualified retirement plan amounts as they are not consideredTraditional IRAs for reporting on an 8606. A deemed IRA is one in which...
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In tax year 2011, new legislation was passed requiring brokers to reportadjusted basis and whether any gain or loss on a sale is classified as short-term or l...
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A prior year unallowed loss forrental property is the amount of a loss fromyour rental (passive) activity that you were not allowed to deduct in the current yea...
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Your interest is deductible as an expense, but the value of your home minus the value of your land is depreciated.This is why you do not deduct the principal.By...
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TinaMarie, Could you start a new post with this question?I will follow your question and respond.Copy the link to your question here.
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- Got Cheered for TinaMarie, Could you start a new post with this question?.... June 7, 2024 11:42 AM
- Got Cheered for In tax year 2011, new legislation was passed requiring br.... August 26, 2021 9:26 AM
- Got Cheered for In tax year 2011, new legislation was passed requiring br.... March 28, 2021 12:14 PM
- Got Cheered for In tax year 2011, new legislation was passed requiring br.... October 15, 2020 3:13 PM
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- Got Cheered for In tax year 2011, new legislation was passed requiring br.... February 13, 2020 1:40 PM
- Posted No. Do not include your 401K qualified retirement plan a... on Retirement tax questions. June 7, 2019 2:56 PM
- Posted In tax year 2011, new legislation was passed requiring br... on Investors & landlords. June 7, 2019 2:55 PM
- Posted A prior year unallowed loss for rental property is the am... on Investors & landlords. May 31, 2019 4:49 PM
- Posted Your interest is deductible as an expense, but the value... on Investors & landlords. May 31, 2019 4:48 PM
- Posted TinaMarie, Could you start a new post with this question?... on Investors & landlords. May 31, 2019 4:47 PM
- Posted This is a common mistake, however rental income is "not"... on Investors & landlords. May 31, 2019 4:47 PM
- Posted Actually only the mortgage interest is deductible. When y... on Investors & landlords. May 31, 2019 4:47 PM
- Posted You will be asked to input your mortgage interest. You d... on Investors & landlords. May 31, 2019 4:47 PM
- Posted Rental income is the total amount you received from all s... on Investors & landlords. May 31, 2019 4:47 PM
- Posted Hello obrienrj, Imputed income in this instance refers to... on Deductions & credits. May 31, 2019 4:44 PM