SSA and other income is under the 0% capital gains bracket
I have always done my sons taxes for him and unfortunately he passed away this past May. He has a son which is my grandson which i'm now guardian of.. I always filed my son head of household but now that hes gone and my grandson did not live with him for at least 6 months how do I file for my son this year
If a person passed away in 2024, but did not have enough income to owe federal tax, should a final return for that person still be filed?
I have a home that I've lived in for many years. My income is just below the income level to pay capital Gains. Will I still have pay the Tax?
My mom set up a trust for me but now the account is sitting there since she passed away in 2023. Do I pay Federal taxes?
Would transferring our LLC interest (married 50/50 member managers, non community property state, currently required to file partnership 1065) to a revocable living trust, allow us to elect and file as a Disregarded Entity single member llc moving forward? Would this trust owned llc require filing 1041 or allow us to use…
I'm considering gifting appreciated stock to a minor child so he can sell it to pay for expenses he has. My confusion stems from what his tax rate would be in this case vs UGMA/UTMA Ideally he'd be able to sell more or less immediately and take the long-term capital gain of 0% because he makes far less than $45k a year,…
what should I do on my tax return? Should I expect any return?
My son got divorced and as part of the divorce settlement, they had to sell their house. They were in it just shy of 2 years. Is there any exception to the capital gains tax rule when it comes to divorce and having to sell the house prior to the 2 years?
How do I exclude interest earned from an I Bond in the year we paid higher education expenses? Thank you
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