asked
I purchased a new house this year and normally file an EZ Form since I have very few deductions. What additional steps should I take to have the new home help with my taxes, and are there additional forms now needed? Do I have to file standard tax forms rather than the "EZ"?
December 18th, 2023
I switched all my investment accounts mid-year from American Funds to Charles Schwab, including IRA rollover, Roth, and individual investment accounts. I received a 1099 from Schwab but nothing from American Funds. For my individual investment accounts, I am wondering if I need to declare capital gains with American Funds. I found a year-end statement online but no tax forms. The statement shows short-term capital gains and long-term gains (which are 0.00 for each). What should I do?
September 16th, 2024
What other information do you need to determine if I have a domicile in California? I am a merchant seaman who spends half the year working onboard a commercial vessel. My company is headquartered in Florida, and my paychecks come from Florida. I rent a house in California but do not own any property. Is there any type of part-time resident status available that I might legally claim to reduce my state tax bill?
October 7th, 2023
A tax-exempt minister receives a salary on a W-2 with box 1 filled out and also receives a $30,000 housing allowance. What part of the housing allowance can become taxable to income, and does the excess rule for tax-exempt ministers apply the same way?
May 13th, 2024
My child receives pension benefits due to my wife's passing, which are deposited into a UTMA account. I know a tax return is filed for my child because of this unearned income, but does he have to pay tax on the income generated in this UTMA account? If so, would I receive yearly tax forms (1099-B) showing this information?
August 14th, 2023
I received a 1099-B with a loss in box 8 and box 11. Where and how do I report this on my tax return?
July 20th, 2023