How should I report the sale of a duplex, where half is my personal residence and the other half is part of a deferred exchange, on Form 8949, given that I received a 1099-S for half of the gain?

December 17th, 2023

Should my wife and I start claiming Social Security? I am 67 and she is 66, turning 67 in one month. Should I file and she file a restricted application?

March 10th, 2024

My wife had a Roth IRA that was moved into a 529 plan. The 1099-R shows a distribution of $8,100 with a taxable amount of $8,100. I'm confused because she contributed money after tax and never got a deduction for it. Box 5 shows $6,900 with code 2. Is this supposed to reduce the taxable amount, and why is my tax software not reflecting this reduction?

May 25th, 2024

I bought a house for my daughter, who was supposed to pay rent but never did. I didn't file any returns for rental income or expenses. After 2 years, I sold the house at a loss. Can I claim the loss as a loss of business property sold?

May 1st, 2023

How can I get a copy of my W2 form from 1976 and 1977 if my work records are no longer available?

May 28th, 2023