Can I change from having the estate pay the tax in the previous year to the beneficiaries paying the tax this year, given that last year there was no tax due and no K-1s were issued, and this is the second and final return for the estate?
March 20th, 2024
Is long-term care insurance an exemption under the tax code?
August 20th, 2024
Are home construction loan interest payments tax deductible?
August 23rd, 2023
I inherited money in the form of a CD. Must I report this?
January 31st, 2024
I owe 2011 NY City income tax. My 2012 Federal return for 2011 does not include the additional NY City tax I will pay on 4/17/2012. How do I adjust my 2012 return for 2011 income to account for the additional paid city taxes?
January 3rd, 2023
I have passive activity losses from rental property in 2011 which TurboTax says I cannot deduct. Can I pass these passive losses to next year when the property earns more income?
August 6th, 2023