Thank you, Kimberly! That clarifies the standard deduction question. I'm also trying to understand what kinds of expenses are typically deductible for mystery s...
Thanks for the information! I'm trying to understand the best way to handle inherited assets like a gas well and minimize taxes. I know you can't give investmen...
Thank you, Juliane22! This is helpful. To clarify, you mentioned late payment penalties and interest on any tax owed after April 15th. Can you provide more deta...
Thank you, Kimberly! To clarify, you mentioned that the decision to take the standard deduction or itemize is not related to my business expenses. Does this mea...
Thank you, Juliane22! This is helpful, but I still have some questions.It seems like K-1s from PTPs often result in a lower taxable income, at least initially, ...
