This is a weird situation, maybe someone can help. My husband's employer took out pre-tax state pension contributions at the wrong rate for the last few years. This was a mistake on their part. These were mandatory contributions, the pension contribution rate is statutory and not chosen by the employee. They took out more…
This is my first year driving door dash. I made 300$ and never received a tax form. Wondering where in the software I would report this?
I'm wondering where I report income for a rental property that I have?
Hi, My daughter, a college sophomore, receives an annual scholarship that offsets almost 1/3 of tuition. This year, 2025, we want to make a non-qualified withdrawal in that amount. The earnings portion of this withdrawal is taxable, but should not be penalized an extra 10% because it is matched by a scholarship. However,…
I filed my taxes last week and I want to know where my refund is at
Hi All. I'd appreciate some guidance on an issue regarding income tax on a brokerage account. My wife has a brokerage account, and her son is a very successful daytrader who is authorized by POA to trade on her account. She funded all the working capital, and she withdraws the profits on a regular basis and shares it with…
Thanks in advance for your help with this! I review goods for an online reseller. The value of the goods is estimated as taxable value, and that is the amount entered into the 1099-NEC form that I receive. I am required to test all goods for a period of 6 months before I can donate, give away, throw away, or sell the…
In 1986 I inherited quite a few pieces of sterling silver flatware. Recently I sold them for scrap. I haven't been able to find any information on their approximate 1986 value. How do I estimate the capital gains, if any, from the sale, and do I have to document that estimate?
Do you need to report gambling winnings if you didn't win over $300 per gambling session and you lost the same amount during each gambling session. example: bought in for $50, gambled for an hour, won $50 for a break even session? Never won over $300 at a time and never got a W-g form.
We bought a new home in October 2022 and sold the old home in February 2023. We used our exemption to avoid capital gains tax for our 2023 taxes. When would we be able to claim exemption on any capital gains tax on real estate again?
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