asked
I am an enrolled agent and need help with a 1031 exchange and form 8824. Specifically, I need to calculate the basis of a new rental property purchased in a 1031 exchange. The old rental property was fully depreciated, sold for $1,150,000, and had closing costs of $60,000 and a mortgage payoff of $130,000. The new rental property was purchased for $1,150,000, with a new mortgage of $285,000 and prorated costs of $1,800. What is the basis of the new property?
December 21st, 2023
I need to file my 2021 tax return using TurboTax software, but I accidentally purchased the wrong package for a business instead of one for W2. I have already bought the correct package for W2, but when I tried to download it, I received the same business package again. What should I do to get the correct basic package?
May 4th, 2024
I am trying to get my 1099 for 2022. I called Social Security and was told I should receive it by March 9th, but I still haven't gotten it. How can I find out what the problem is?
March 24th, 2024
I'm trying to find my IRS Pin number. I am 63 years old, filing jointly with my husband, and our tax accountant has our paperwork. How can I obtain my 6-digit identity PIN?
April 16th, 2023
What is the best way to get 2018 transcripts?
December 30th, 2024
As an E-2 visa holder residing in California since June 2022, my two children have never received SSNs. My lawyer stated that my children are not eligible for SSNs due to my visa type and advised obtaining ITINs if I wish to claim them on my taxes. Is this accurate, and can I use my children's ITINs to claim them on my 2022 tax return?
September 27th, 2024