asked
What is the tax impact of selling my home and moving to a rental apartment, given that I sold the house for $275,000 after purchasing it for $285,000, and made several expenditures to improve the property?
January 9th, 2024
I recently retired from the Chicago police and withdrew from a 457b deferred compensation plan in 2023. The taxes were deducted before I received the check. Do I still have to count that as income and pay taxes again on it?
September 27th, 2024
I got married on November 4, 2023, and my last name has been changed with the Social Security Administration (SSA). I received some 1099 forms with my old last name. Do I need to request corrected ones?
May 9th, 2024
I invested $100,000 in a friend's startup business, but the business failed. What is the best way to write off this loss, considering I have a partnership contract with repayment terms in case of failure, and I want to avoid involving lawyers?
March 22nd, 2024
What state should I report income on a 1099 NEC I received since the form contains no state info?
August 21st, 2023
Can I withdraw $10,000 from my IRA without penalty for the purchase of my first primary residence through a living revocable trust?
March 24th, 2023