asked
I am completing my tax return using TurboTax and I entered dividends from my Vanguard account. I am asked for a total amount eligible for non-state taxes, but the Vanguard 1099 shows the percentage from US Govt. securities by fund yet the total ordinary dividends show all of the funds lumped together. How do I break this down so that I can show how much each fund is?
July 24th, 2024
What is Form 1042-S and what classification should be used if I make payments as compensation for work done by a UK citizen?
July 3rd, 2023
I am still working, earning a high wage, and collecting Social Security benefits at the same time. I am looking for ways to plan and minimize my tax impact. I am an experienced and active stock and option trader with a 401K account, two traditional IRA accounts, and a cash margin account for frequent trades. Should I consider a ROTH IRA account with after-tax money to trade and accumulate funds without paying taxes on short-term gains, even though I would eventually have to pay taxes on the gains when I withdraw them? At age 68, should I start a ROTH IRA, and is it too late for 2023 ROTH contributions?
February 24th, 2023
How should I report the capital gain from the sale of a house purchased in 2008 for $96,000 and sold in 2023 for $200,000, when the gain is divided among three siblings, and my system does not allow me to change the total gain of $104,000 without using a code and making a negative adjustment?
April 25th, 2023
What is an identity protection PIN (IP PIN) number and how can I obtain one if I never received a letter about it, especially since my tax refund was rejected due to not having this PIN number?
December 10th, 2023
How do I obtain a 1099-B form, which is needed for purchasing a home?
July 31st, 2024