asked
I have money in a Traditional IRA that I would like to convert to a Roth IRA. All of my contributions to the Traditional IRA were non-deductible after-tax income, but there are investment gains in the account. How would my Traditional IRA funds be taxed if I convert the entire amount to a Roth IRA, and do I need to notify the IRA of my non-deductible contributions?
August 20th, 2023
I inherited an empty lot from my mom who paid $10,000 for it in 1980. We paid taxes on it for years and recently sold it for $12,000 after it was reappraised at $22,000. Is the sale considered a loss, and are there tax implications or credits for the years we paid taxes?
June 12th, 2024
Can I claim a theft loss on my taxes in California if the loss occurred in a non-disaster area in April 2021?
September 19th, 2024
I am an international student living in LA and want to build an LLC in the US for my YouTube content creation business. I want to choose a state with the lowest tax. As a foreigner, do I need to pay a specific type of income tax? Would forming an LLC in a state like Delaware be different from forming one in LA for tax purposes?
June 20th, 2024
Where do I report my 401(k) contributions or distributions on my tax form?
January 29th, 2023
I am a DJ in a strip club and have to pay my boss $5.00 per girl per shift, with 20-30 girls per shift. My boss does not provide receipts for the money I give him. Can I claim this money, and how?
August 20th, 2024