I need help filing Form 709 for gifting real estate to my daughter and son-in-law. The property is in my name only, and the mortgage was paid off by a gift from my son-in-law's mother. I am married and want to use both my and my spouse's lifetime exemption. How do I properly fill out the form, especially Schedule A, and what does 'gift splitting' mean in this context?

May 12th, 2023

I am filing my 2016 income tax returns as 'married filing separate return' and did not live with my spouse in 2016. What should I consider her on my return: an exemption, a dependent, or an alimony expense only? Her only income for 2016 was from me (half of my gross earnings).

February 2nd, 2024

Are hearing aids deductible, and if so, how can I claim them using TurboTax on my computer?

September 11th, 2023

If I hire someone to do repairs around my house, what do I need to do regarding IRS regulations to ensure neither I nor they get in trouble with the IRS?

September 11th, 2024

Is room and board for a live-in nanny tax deductible, and do I need to report this on any tax forms?

November 1st, 2023