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Re: Social Security from mom's passing
The issue for where and how to claim is not the issue. You mentioned that the SS income check (intended for your mother) was issued in your name. That means it is your income and must be claimed as s…1 · -
Re: Excess Social Security withholdings - FreeTaxUSA vs. H&R Block
Hello Vulpes, and thank you for your question. In your post you indicated that you and your spouse have combined wages over the Social Security wage base limit which you correctly note is $168,600. Y…2 · -
Re: Can I deduct purchases at an online sweepstakes casino?
Hello, Purchases made in the guise of creating social currency are not deductible and would be seen as a Personal expense (also not deductible) in the eyes of the IRS. The only reportable items are g…1 · -
Re: Capital Gains
Thanks to PhillipB. Fixed my problem perfectly1 · -
Re: short-term van rental
Hello, Yes, but it would be only partially deductible according to the business (or rental) mileage divided by total mileage you drove in the van. In this situation, the simplest and most conservativ…1 · -
Re: when is estimate tax due
Good point. Some tax planning can go miles and save you some future problems. Reaching that 90% threshold of tax due is important. Here are two community articles on Estimated Taxes and the Underpaym…1 · -
Re: How can one combine/aggregate multiple rental properties into one real estate enterprise?
Hi, Thank you for the additional information. Although we do support Section 199a for the rental real estate Qualified Business Income Deduction, we do not support combining real estate properties fo…1 · -
Re: Wash Sale
Hi Jeremy, Generally the IRS is relying on the information the broker provides in the 1099-B. So if your broker is not flagging and reporting a Wash sale, the IRS will not have any information to act…1 · -
Re: Does the VA disability award count as taxable income?
The requirement to file a tax return will depend on the income that you received during the year. The IRS has a really great tool that will help you determine if you are required to file a return. He…1 · -
Re: Trust K1 and lump sum retirement benefit
Thank you for your generous, thorough answer.1 ·
