For my 2017 tax return, I filed an extension and today, 4/7/2018, I am filing my tax return using TurboTax. I have a balance due. Does that mean I can pay the balance from today until the extension date without interest and penalties?

July 24th, 2023

I have rental property in which 2 of the last five years I rented out 66%. I now want to sell it. How do I avoid Capital Gains without doing a 1031 exchange, or how do I calculate capital gains tax?

February 22nd, 2023

I am considering investing $100K in a Limited Partnership that invests in multi-family real estate. The projected returns are approximately 8% cash on cash invested. I am advised that I could also obtain tax advantages such as depreciation. Is this a good investment, and is my principal safe since the general partner will be taking significant fees?

March 31st, 2024

I received a $5000 payment from my Cancer Insurance policy after being diagnosed with Breast Cancer, which I used to pay medical bills not covered by my regular medical coverage. I received a 1099-MISC. Does this payment need to be claimed as income on my 2017 tax return even though it was used to pay medical bills?

December 27th, 2023

Are there any changes on 2017 Forms 4562 and Schedule E (for rental property) over the previous year 2016? What about Schedule A?

August 10th, 2024