asked
Can a house that I lived in last year but no longer live in be claimed as my primary residence to avoid capital gains taxes? I acquired the house in June 2020 for $360k, have purchased another house, and am now selling the first house.
November 29th, 2024
My boyfriend and I are involved in rental arbitrage on Airbnb with a property owned by my parents. I am listed as the host on Airbnb, but he is the primary on the lease, and I am an occupant. Can I claim tax deductions (rent, supplies, etc.) on the income I am making from this property? Additionally, we are under contract on a vacation property that we will also run as an Airbnb. The loan is under my name, but we are both on the title. How can we manage who gets the 1099 from Airbnb when tax season comes?
December 23rd, 2024
In mid May, I sent a paper tax return certified with return receipt, which was delivered to Ogden, Utah, but has since disappeared. I have called and been told they have no information. What should I do next?
June 3rd, 2023
I work as a 1099 contractor for a solar energy company in California and make less than 30k per year. How much do I owe in taxes? Do I pay annually or quarterly? What kind of expenses can I write off?
May 24th, 2023
Do I have to pay income tax on my Social Security benefits?
January 10th, 2024
As a day trader for IRS purposes, if I continue to lose money yearly, will they allow the losses? Can I consider myself as a 'day trader' business and then write off those stock/option losses against 'ordinary income' from other sources or other 'investment income' from real estate?
July 2nd, 2024