I have a question about capital gains on the sale of a condo. A potential client bought her condo a couple of years ago, but had to move for work and rented it out for the past year. Would it be susceptible to capital gains tax in Illinois?

March 6th, 2024

My daughter has a private student loan with her grandmother as the co-signer. The grandmother has been paying the loan due to my daughter's mental health issues and lack of income. Who can report the interest on the loan for tax purposes: her grandmother, my daughter, or us (her parents) who financially support her?

April 14th, 2024

I need the AGI from my 2020 tax file so that I can efile my 2021 taxes tonight. Can you help?

October 31st, 2024

There is an entry on our bank statement - IRS USA Tax [/topics-tax/] Pymnt- followed by fairly large withdrawals from the account. What is this? What does it mean?

September 21st, 2023

What should I do if I have a large capital gain on my mutual fund, and how does it affect my taxes if the gains are reinvested?

April 11th, 2023