I have a single-member LLC for my trading business. I am trying to deduct my home office expenses, but my tax software is not allowing these deductions because the LLC has capital losses reported on a 1099-B. Can I categorize home office expenses as common expenses to deduct them?

September 25th, 2023

How should I report rental income from Airbnb properties that I am actively involved in managing, and should I use Form 8825 for this purpose?

March 27th, 2024

I need a list of questions to ask my financial advisor about my 401(k) to understand its performance and ensure my long-term financial strategy aligns with my retirement goals. I am 86 years old, retired, and live on Social Security and my 401(k), which also contributes monthly. I have no dependents but want to ensure my financial advisor is managing my account in a way that will keep me financially secure until I pass away.

January 20th, 2023

What does 'required distribution' mean for the distribution section of Form 1041 (Schedule B, Line 9), and can I use this term to record distributions to beneficiaries if the courts aren't actively overseeing probate?

March 30th, 2024

I retired from the USPS on December 29 and have misplaced my 2023 W-2. Who do I contact to get a copy sent to me?

November 13th, 2023