asked
My 2017 tax return is complete and I have had problems e-filing. The reason given the last two times is that another return with my primary number was already filed. I will send by mail but owe money which I would like to put on a credit card. When I go to one of the services it indicates that I've already used the service. What should I do?
September 26th, 2023
I had a CD IRA rollover of $30,410 to another CD IRA, a $7,677 pension, and a $16,000 distribution from a 401(k). The $30,410 and $7,677 are reported on line 16a, and the taxable amount of $7,677 is reported on line 16b. Where do I report the $16,000 401(k) distribution for which I have a 1099-R?
March 14th, 2024
My sister and I recently sold our parents' home after their death. The house appraised at $241,000, but we sold it for $125,000 to our daughter, gifting her $85,000 in equity. The original purchase price was $210,000. How much in capital gains will we have to pay come tax time?
September 8th, 2024
Someone has a small thrift store and files a Schedule C for it. They have $75 in merchandise that was stolen during the year from the store by customers. Where does that expense get entered on the Schedule C?
December 7th, 2024
Can a self-employed person deduct health insurance premiums as a business expense, and how does reimbursement from the government affect this deduction?
September 23rd, 2024
On Schedule SE, I owe $3241. How do I translate this into the 50% deduction mentioned for Form 1040, line 27?
September 6th, 2024