I received proceeds as a beneficiary from my mother's annuity and two insurance policies after she passed away in 2017. I received a 1099-R for the annuity showing taxable income of $599, and I also received a 1099-B for personal brokerage transactions showing an amount of $53.00. Do I need to report these on my taxes, and if so, where should I list them?
June 23rd, 2023
I am the noncustodial parent and can claim my daughter in the tax return. I pay 40% of the child care amount to my ex-wife as per the marriage settlement agreement. Should I claim 100% of the child care amount that was paid or only the 40% I paid in my tax return? Do I need any other forms from my ex-wife for federal and state tax returns?
May 3rd, 2024
I live and work in Maryland, but my W-2 forms show state tax withholding for both Maryland and Delaware. How should I file my taxes given this situation?
May 15th, 2023
When starting up a new business, is it better to file taxes quarterly, and how would we go about it?
June 25th, 2023
Can I claim the $10,000 I paid to my attorney as a miscellaneous deduction on my 2017 income taxes for a discrimination complaint settlement that did not include attorney fees?
March 1st, 2024
Where do I enter the amount from a 1099-S on my 1040? I have a 1099-S showing income from the sale of farm property. Nothing was withheld, and it is our share from the sale of family land, with mineral rights reserved.
September 13th, 2023