If I buy shares, how long do I have to wait to establish a tax loss, and can holding them for 31 days be considered a long-term loss on the original shares?

April 6th, 2024

I need copies of last year's tax documents (1099 SSA and 1099 R) that I filed through TurboTax in 2021. How can I retrieve these documents?

December 18th, 2024

I was wondering about the $325.00 check we were supposed to get from the state. Which check is this, and how can I find out if I am eligible to receive it?

April 24th, 2023

I ran a small business selling collectible card game cards for 3 years and stopped in September 2021, planning to restart in January 2023. I have been acquiring inventory since then. Can I write off the cost basis of these purchases as I sell them once I restart my business? Are there time limits on how long before starting a business you can acquire inventory for it and write it off? If I buy a box of cards for $100 and sell it for $120, do I need to pay tax on the full $120? I have detailed records of all purchase transactions.

May 1st, 2023

I am looking to retire and need to find out the exact amount of taxes on my Social Security and pension to see if I can move forward with retirement applications. I am currently 69, located in Vineland, New Jersey, and have no dependents. My typical filing status is single (divorced). Last year, I made a little over $90,000, and my estimated pension is $39,835.80. My estimated Social Security when I turn 70 is between $3,100 - $3,400 a month. Combined, this just about covers living expenses without taxes. I will have no other income besides Social Security and Pension. How much will be taken out of my Social Security and Pension for taxes each year, and will this amount remain the same every year? If I substitute teach after retirement, how would that be taxed?

February 22nd, 2023