I have a consolidated statement from TD Ameritrade that lists 1099-B with all zeros under 'Section 1256 Contracts' but shows net gains of $5311. I'm confused about how to report this on my taxes, especially since it's in a brokerage account with a total value of about $166,000 managed by Fisher as part of my portfolio. What should I do with this information?
January 27th, 2024
Why haven't I received my federal income tax refund, and what steps can I take to track or expedite it?
August 5th, 2023
If I rent out my house for $2450 per month, for 12 months, how much can I depreciate my property to minimize my tax liability?
April 21st, 2024
I trade using the Robinhood app with primarily stocks and options, holding most trades for less than a week. What tax liability do I have with these holdings, and can I deduct any losses if I incur them?
September 3rd, 2024
I'm trying to find out where my $600 stimulus check is. I am 82 years old, have no minor dependents, made $15,415.20 from Social Security, and filed a 1040-SR on 3/3/21. What should I do to locate my stimulus check?
August 4th, 2024
We have a rental property that we use for personal use more than 14 days a year. Our deck collapsed and had to be replaced. While it was being replaced, we stayed onsite to pick a contractor, materials, etc., and to supervise the replacement. Do you know if the days that we were there in order to complete the replacement of the deck count as personal use days? The improvements are for both personal benefit and benefit to the rental business.
August 26th, 2023