asked
Can a self-employed person deduct health insurance premiums as a business expense, and how does reimbursement from the government affect this deduction?
September 23rd, 2024
On Schedule SE, I owe $3241. How do I translate this into the 50% deduction mentioned for Form 1040, line 27?
September 6th, 2024
For self-employed individuals, how should health insurance premiums be treated for tax purposes, and what are the implications of receiving a reimbursement for these premiums?
October 5th, 2023
If you are a partner in a partnership and the business is sold, and after disbursing all the funds left over you still have a balance in your capital account, is that a capital loss? If so, how is that reported on Form 1040?
November 8th, 2024
As a trustee of a revocable trust, I received approximately $1500 from a deceased's retirement fund in 2017 and distributed it to beneficiaries. The trust also sold a condo in 2018, which was inherited in 2017, and distributed the proceeds. What is taxable for 2017 and 2018, and who pays the taxes—the beneficiaries or the trust?
March 27th, 2024
We have a small farm and have previously itemized deductions and filed Schedule F. This year, it would be more advantageous for us to take the standard deduction instead of itemizing. Can we do that?
May 18th, 2024