The most recent content from our members.
Hello, in my 2023 tax return I claimed tax treaty exemption on form 1040 by entering a negative number on form 1040 line 8 and schedule 1 line 8z (Other Income, Miscellaneous Income). I just realized I need to adjust my income on form 540 (California Resident Income Tax Return) because tax treaty exemption does not apply…
What are the tax consequences in receiving Canadian dollars (18,000 usd) from aunt's who passed away?
I made a lot money from Kalshi and Predictit by buying and selling event contracts. For example, I bought a contract saying that Betr would not be the #1 sports app on Nov 16th, 2024 and I am right on the prediction so I made $1050.12 when the contract closes. The event contracts I made money from include things like what…
I am receiving a settlement check for a traffic accident I was involved and hurt in. Will I have to pay tax on that?
My siblings and I inherited our deceased parents' home earlier this calendar year (2024). Using an estate lawyer, we had the local county court transfer ownership of the home into our names (a muniment of title) so we would not have to open probate on such a small estate. We then *immediately* sold the home for a little…
How will I file if I received money from nycha after tenant pass away and will need give the money back?
It looks like you're new here. Sign in or register to get started.