asked
Do I need to file taxes if I am only receiving Social Security benefits and earned $3,000 from working for two months last year, living in Idaho now, and previously lived in Washington state for 20 years?
January 2nd, 2023
Should I form an LLC if my husband and I file jointly, he owns an LLC, and I am a freelancer on a 1099? Our combined income is about $200K, and we don't own a home, so we generally don't claim itemized deductions.
May 4th, 2024
How should I report the sale of a duplex, where half is my personal residence and the other half is part of a deferred exchange, on Form 8949, given that I received a 1099-S for half of the gain?
December 17th, 2023
Should my wife and I start claiming Social Security? I am 67 and she is 66, turning 67 in one month. Should I file and she file a restricted application?
March 10th, 2024
My wife had a Roth IRA that was moved into a 529 plan. The 1099-R shows a distribution of $8,100 with a taxable amount of $8,100. I'm confused because she contributed money after tax and never got a deduction for it. Box 5 shows $6,900 with code 2. Is this supposed to reduce the taxable amount, and why is my tax software not reflecting this reduction?
May 25th, 2024
I bought a house for my daughter, who was supposed to pay rent but never did. I didn't file any returns for rental income or expenses. After 2 years, I sold the house at a loss. Can I claim the loss as a loss of business property sold?
May 1st, 2023