asked
My mother and I took out a mortgage on the home I live in. My name is on the mortgage, and my mother's name is also on it. We are sharing the mortgage payment, with me paying 30% and my mother paying 70%. For income tax purposes, can we both claim the mortgage interest deduction for the total amount paid during the tax year?
April 16th, 2023
Where do I put the stimulus check I received in 2020?
June 20th, 2024
I inherited a house in 2019 with an estimated sales value of $625k. There was no appraisal. If this is the stepped-up basis and we sold the property for $625k with selling costs of $39k and $15 in improvements, is the capital loss $54? Can this capital loss be rolled forward until used?
April 1st, 2024
What if no tax bracket exists and not required to file taxes? Is this an exception or none?
January 19th, 2024
I need my 2016 and 2015 tax returns for passport purposes. Can you help?
December 18th, 2023
My dad sent me a $15,000 gift, another $15,000 to my husband, and $10,000 to my daughter. The three wires were scheduled on the same day and went to the same account. Do I need to fill out the Form 709 for gift tax purposes?
April 2nd, 2023