asked
I am contemplating selling my home. We acquired it in 2017 for $625,000 and have made $20,000 in improvements. Our realtor says we should net $1,300,000 from the sale. Our taxable income from line 15 of our 2022 1040 SR was $203,563. Can you tell me what the capital gains tax would be if I were to sell?
July 31st, 2024
I filed my 2022 federal and state taxes on time but received a message from TurboTax stating that my filing was rejected because someone else already claimed my dependent, which they were not eligible to be claimed twice. My ex-husband accidentally claimed our daughter for 2022. Now my taxes are late, and I am out of my child tax credit. What are my options to resolve this issue?
May 21st, 2024
My ez file tax return was rejected because I can't locate my 2021 return for my AGI, and I can't log into my 2021 ez file return account. How can I access my 2021 AGI and my 2022 ez file return?
April 3rd, 2024
On your 1040, where do you put a 1065 K-1 made to the EIN of your single-member disregarded LLC entity? Does it go on Schedule E for C?
March 2nd, 2023
I want copies of my 2020, 2021, and 2022 tax returns to potentially lower my property taxes. Which form do I need to retrieve?
May 30th, 2024
I need help with a complicated real estate portfolio. I have several properties, including a new build purchased in 2022 used for Airbnb with personal use, and a previous primary residence rented out in September 2022. I am concerned about tax implications such as HST, principal residence designation, capital gains, and potential audits. Additionally, I am considering setting up a corporation for property management to optimize tax deductions and rental income management.
January 20th, 2023