asked
I had a rental property that I owned in my name, but the management (collecting rents, paying mortgage, accumulated depreciation) was done through an S-Corp that I owned 100%. I sold the property last year and received a 1099 for the sale under my name. How should I reconcile the accumulated depreciation and the acquisition of the property for tax reporting purposes? Should this be reported under the S-Corp or my personal tax return?
January 24th, 2024
I need to retrieve the AGI from last year's tax return I filed on TaxAct. Can you help me with the process?
May 4th, 2024
I sold a truck that I used for a previous business to someone personally. I am no longer self-employed. Do I need to report this sale for taxes?
August 9th, 2024
My ex-wife was awarded 100% of my Military retirement pay until death of either party. It states in the divorce decree that this is not alimony or support, but a division of property. I currently pay the ex-wife 100% of the gross pay of the MRP. She has not set up the direct payment from DFAS at this time. Can I claim the 1099-R MRP as alimony or support?
November 5th, 2023
Why do I owe supplemental property taxes, especially after filing for Prop 58 in California, and what should I do if I believe the amount is in error?
October 6th, 2024
I had my taxes prepared by AARP and the routing number for electronic deposit was incorrect. How do I correct this?
March 26th, 2024