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Investing

Depreciation on Rental Home

Hi. My partner and I share a rental property. I have had my 2024 taxes done by a CPA and am doing my partner's taxes on Turbo Tax to save money. I have the figures that my CPA used for depreciation and want to use those figures for my partner's taxes... read more

Foreign property sold on December 31st, but funds received in new year.

Hi, I sold a foreign property and changed ownership on 31st of December of 2024. However due to computer glitch, was not able to deposit the funds to the account until following day which was in the new year 2025. Agreement funds of 10% was received ... read more

Invested in a startup on StartEngine that went public, how to file?

I don't have experience with stock investments, but did try investing in a private startup on StartEngine called Jet Token. It went public last year, merged with another company, didn't do well, and ended up doing a reverse stock split, and buying me... read more

Selling an investment house I currently live in

Hello and thanks for responding- I bought a house 10yrs ago to renovate and sell, but ended up renting it out and had to move back in 3 yrs ago.I took depreciation for the 5 yrs ($35k) after it was renovated (2yrs) and while renting, then stopped dep... read more

Various Cost Basis Overall Gain Wash Sell

If sell a stock with various cost basis. some result in a loss but overall is a gain. Is it subject to wash sell? Multiple purchases at various prices.Sell all at once for overall gain. But some of the shares were underwater.Since this is an overall ... read more

403b contribution

Hi,I am trying to plan next year contribution by front loading max allowance. I plan to work only half year (Jan - June 2025), then travel the world a bit Some relevant information below:- 50 years- Residing in Calif-Single filing taking standard ded... read more

Recovering an expense that must be depreciated.

My wife and I own an investment property, a duplex, purchased in 1999 and paid off in 2008.The gross rental income is $1,200 per month.The house is currently in need of some foundation repair along a 12 foot section of basement wall, and will soon ne... read more

TSP and Excess Payment

I've got a weird one for the group.Last year I rolled over some money from TSP to my Vanguard IRA account. Being the Govt they sent a check to Vanguard. Check wasn't received in over 2 months, so they issued another check. Original check and the repl... read more

Cost basis for renovated rental for sale

I bought a rental on foreclosure 12 years ago for 32k. I did about 20k worth of work on it so it was livable. I did not claim that work on my taxes for depreciation. Depreciation is in the 32k for recapture. It was a roof and addition remodel. I sold... read more

Deluxe to premiere

Do I need the premier edition if I have RMDs or have mutual fund transactions?

Put too much in my Roth

Hi, I opened a Roth IRA in 2023 and just recently noticed that I put $550 too much in for that year. I want to correct this so I'm wondering, do I just pull the money out now and bring this to the attention of my tax professional when I file this yea... read more

Is there any easy way to determine what I can contribute to a ROTH IRA for 2024??

Hoping someone can help. I am looking for help determining how much, if anything, I qualify to contribute to a ROTH IRA for 2024.I would like to preface in advance - I do not have an accountant as I prepare all my taxes myself using turbo tax. Last J... read more

Blockfi Bankruptcy complete

I've recently received the last of my BTC from blockfi Interest account settlement(I'm going to round the numbers)2020, I opened my Blockfi interest account and bought 0.3 BTC with $10000 (all purchase/interest transaction saved)When the bankruptcy b... read more

Offsetting loss carry forward

I have about 40k of loss carry forward shown on my 2023 Schedule D Line 16. Would like to fully offset it in my 2024 taxes by selling a mutual fund and realizing some gains. I have a mutual fund with current value of 350k and total gain of 150k. Is t... read more

TSP (Roth vs Traditional)

Hello. I am an active duty soldier serving in the army and I invest in the Thrift Savings Plan (TSP). I am younger American and I make under 40k after taxes. Which option would you deem to be better for me tax-wise, Roth or traditional (currently it'... read more