The most recent content from our members.
What are the tax consequences in receiving Canadian dollars (18,000 usd) from aunt's who passed away?
How do I alert the IRS that we missed taking out the 2023 RMD from an inherited IRA. We misinterpreted the new rule about someone not having to take it out until they turn 73. My wife doesn't turn 73 until next year, however we found out the old rule applies since she has been taking it out every year. I have typed a…
Question about the tax liability for my deceased dad's IRA. As the executor, the $29k account was given to me, and I must now disperse it equally between us three children. My question is, how do I separate the specific fed/state responsibility aside from my roughly 50k income, as it all got taxed together as income? I…
My husband inherited mineral rights in Texas when his mother passed away 10 years ago. We are interested in selling them and have a buyer. What do we need to report and how?
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