Where do I record a sale of assets inherited from my spouse? The company that bought the tools issued a 1099-MISC as other income. I have spoken to a tax professional who says the amount I received is the fair market value at the time of his death and my gain should be zero. I inherited my husband's business and am selling off the tools and equipment. He died in 2017.

April 5th, 2024

I was referred to IRS Publication 526 for information on carrying over capital gains losses in 2018, which exceed the allowable $3,000 limit. The online note says it is not yet available. What are the details on how to carry over the excess loss, and has Form 2106 for business expenses for small-time real estate activity been eliminated?

October 9th, 2024

I never received payment for my 2017 State Tax Return. H&R Block sent me an email in October that it was approved, but I believe there may be missing information for them to send it to me. How can I update the information and receive my payment?

October 22nd, 2023

I am a nanny for my sister and brother-in-law since August 2018. They did not withhold any taxes from my pay. I need to file taxes for 2018 and understand whether I should obtain a W2 from them or file a 1099 as self-employed. Can you help clarify what I need from them to file taxes correctly?

July 16th, 2024

I received a notice from the IRS to fill out Form 8962. I am unsure where to place the information from my 1095-C to show that insurance payments were made, which would reduce the amount I normally have to pay. I have a family of 3 (head of household) and a child who paid 2 months of Marketplace insurance. I am filing for tax year 2018. Should I be using a 1095-A instead of a 1095-C, and if so, would there be one for government insurance with the Army?

November 12th, 2023