Be prepared and make tax preparation a breeze! Imagine how beneficial
and stress-free it would be to not rush around last minute gathering
your tax info. You can begin by making a list of what's changed since
last year and gather your supporting docu...read more
The end of the year is more than just holidays, great food, and family!
It’s also the perfect time to make smart money decisions, take action to
reduce your tax liability and give yourself peace of mind! The following
links are filled with tips and s...read more
Hi community. 1. I currently live in an apartment and have lived in it
as my primary residence for the last 5 years2. I would like to rent out
my apartment and claim depreciation, whilst simultaneously buying a home
in the suburbs3. I will not rent o...read more
I have investment interest expense reported to me on a k-1. My k-1
footnote includes the following language: 1040 FILERS SHOULD ENTER THIS
AMOUNT ON FORM 4952, LINE 1. ANY DEDUCTIBLE AMOUNT SHOULD THEN BE
ENTERED ON SCHEDULE E, PART II, COLUMN (I). T...read more
MAC18Posted March 28, 2024
| Latest post 3 hours ago by
Cabbott2
I have a 5 digit filing PIN issued by Turbo Tax when filing my 2023 Fed.
Tax Return. Is this issued after or before the return is electronically
sent to the IRS?
PaLouPosted 6 hours ago
| Latest post 4 hours ago by
rjs
Ok should I be concerned about the e -mail I received. It says they did
not use correct deduction. Standard VS. Itemized. Says they are sending
a $60 check to cover the cost of turbo tax. Help do I worry or not.
Thanks [email address removed]
Aĺexis28Posted a week ago
| Latest post 5 hours ago by
rjs
I own some shares in a family timber company organized as an S Corp and
the company will be liquidated and its land sold this year…the proceeds
will likely be distributed to shareholders via line 8a on the K-1 as net
LTCG. I have the IRS rules for de...read more
I received an inheritance this year (2024) and just received a K1 for
tax year 2023. (The taxable income portion that I need to claim for last
year 2023). This K1 amounts to over 50% of my total inheritance. This
seems very high to me, but my questio...read more
While working through TT I discovered I made an excess contribution of
$1,463 into my HSA during 2023. I requested a withdrawal from the
custodian which was not processed until April 18th 2024 (after the
normal filing deadline of 4/15/24). However, I...read more
rfoggiaPosted yesterday
| Latest post 6 hours ago by
dmertz