I live in Ohio and sold inherited property that I have had for 12 years. I made improvements and sold it for much more than the price it was valued at. I tore down an old house and sold just cleared land. Will I have to pay capital gains tax? If so, how can I reduce the taxes owed?
SSA states: A deceased beneficiary may have been due a Social Security payment at the time of death. A Social Security payment due a deceased beneficiary may be paid to a family member or a legal representative of the estate. After completing the SSA form for collecting the payment, they sent a check payable to me on…
I just purchased a vacant piece of land. As far as my annual real estate taxes, I understand I can either capitalize or expense. If I capitalize, how do I inform the IRA and on what form? If I decide to expense, what schedule do I use? I'm using it as an investment that I plan to sell at a later date.
Live in Maryland and my family sold inherited piece of land in South Carolina. I was one of 31 heirs and received $5456 from land sale. Total appraisal for land was $405,460 and land sold for $371,065. I am unclear about completing IRS tax forms 8949 and capital gains schedule D if needed. What are my options online with…
I am selling half of raw pasture land that I have inherited. Would it be a short or long-term capital gains tax?
My spouse is currently residing in another country with plans to make the move here next summer. Should I file as single or married for this year?
Hello, I got married back in April here in California, and my wife (Canadian citizen) is back in Canada and we are still in the process of petitioning her (I-130). How do I go about filing my taxes for 2024, should I filing Married filing separately or can I file jointly and apply for an ITIN for her? Additionally, can I…
At the present time are student loan borrowers rnrolled in SAVE still exempt from IRS tax refund offset on delinquent loans?
I didn’t work this year and had a baby. Am I able to file taxes for him?
My husband is 65 and only on Medicare part A. He is still insured under my plan at work (I am under 60). Can I still contribute the full family amount for 2025? (we have no other dependents).
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