I got **** into a horrible cryptocurrency scam a few months ago. I lost over $150,000! I purchased BTC and ETH with my real money through real crypto trading sites (Robinhood, crypto.com, coinbase), but then stupidly transferred them to the scammer's wallet address to do what they said was "contract trading" to make a…
Does the expense for this service qualify for a medical deduction?
I had a significant amount of Bitcoin in a BlockFi interest account. I lost access to those assets on November 12th, 2022, and they filed for bankruptcy shortly after. At some TBD time in 2024, I will receive a cash payment for a portion of the value of my BTC at the time they froze my assets. At what point can I get a tax…
New business, LLC this year. 1. Looks like I can just append schedule C onto my regular taxes. 2. Bought a laptop with a business account and that's 100% for business. I assume I put that in a depreciating expense or similar? 3. Any other thing I will need to do on this? 4. Additionally filed a BOR registration. 5. Do I…
How to I report the loss of investment of a company that I had held shares more than 5 years and they became junk and declared bankruptcy. I believe it was bankrupt two years ago and I did not notify that in my return as loss. How do I go about it in my upcoming return for 2024?
Are student loan payments tax deductible?
Can you claim special depreciation on a 10 yr old vehicle in its first yearf business use in 2024
Are Energy-Efficient Appliances(like new Washer/Dryer, Refrigerator) Tax Deductible?
My mom died this last year and her house went to me due to preparation (living trust?). I sold the house in a month to disburse the funds to my sibblings. I sold the house for 350k and had to pay 1.5 realtor fees for the sale of the house. Can I deduct the 1.5 realtor fees off my taxes this year? She passed, the house…
I lost my job in 2023, but finally got paid severance in 2024 and former employer will issue a W2. I started a consultancy in 2024 and earned $24K from the same employer who will issue me a 1099. Can I deduct all business expenses from my consulting company? client meetings/meals, travel, education to prepare me to launch…
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