asked
Do I need to file a tax return if I have $1,600 in interest, $2,100 in IRA withdrawal, $320 in capital gains from a mutual fund acquired in January 2020 for $5,000, and receive $25,600 in SSI, being over age 65 with no dependents?
May 22nd, 2023
My bank accidentally deposited pre-tax money into a Roth IRA. Will I be taxed now on that or taxed at retirement?
May 24th, 2023
Taxpayers who have lived in Florida for more than 10 years sold a two-family rental property in Brooklyn, NY in 2021. Is the gain from this sale subject to NYC tax, and if so, where does it get reported on which form? Specifically, is there a place on the NY-203 form for this?
June 21st, 2023
I have received a $25,000 cash gift. Will I need to pay taxes on it? I am located in Tennessee, 74 years old, with no dependents. My husband and I file jointly, and our taxable income last year was about $40,000.
April 10th, 2023
Can I deduct a one-time lease upfront payment from my tax return for a vehicle used for business purposes?
November 30th, 2023
We purchased a Ford F150 mid-2022 and recently traded it in for a new vehicle, receiving about $30K less than we paid. The fair market value at the time of trade-in was $5-8K higher than we received. Can the loss be reported as this is an 'asset'?
February 5th, 2024