For the first time I'm trying to do my taxes with FreeTax USA for 2024 but running into trouble reconciling numbers with my bookkeeper for 2023. I inherited a property with my sister and rented it out in mid 2023. I looked through his file and he is showing $130,000 cost basis. But when I got the appraisal done in 2023, it…
Hi, I need help confirming whether I entered the correct cost basis for RSU and ESPP sales reported on my Fidelity 1099-B. Situation: On my 1099-B from Fidelity, I had two types of stock sales: Section 1: Long-term transactions reported to IRS (Box D checked) Two equities were sold: Equity X: Cost basis in 1099-B matched…
Hi This is an excerpt from my Schwab Regular account. It's taxable and all dividends and capital gains have been reinvested from Edward Jones (pre-2010) to TDA (2010 I think) to Schwab. Nothing has been traded. Each Mutual Fund shows Lot Details going back to 2010. Yes, there is one fund with missing cost-basis that I am…
Hi For some reason, Schwab does not have the Cost Basis data for the Mutual Fund below. They have all the other data from funds that were transferred simultaneously from Edward Jones to TDA to Schwab. I do not understand why this information is missing and from 1 day only in 2023. Obviously, I should also have noticed it…
I had a 25-year investment plan where i paid monthly premiums total amounting to $50k year to date, of that i withdrew $15k two years after commencing the premium payment which was the allowed withdrawable limit under the plan. The plan basically invested in 5 mutual funds and was managed by an investment management firm.…
Hello, I need some help understanding my rollover + non-qualified distribution to minimize my tax liability (if any) and not get flagged for doing something silly. I had a Roth 401k with my previous job that I rolled over DIRECTLY to my Roth IRA. I received 2 1099Rs for this rollover. 1099R #1 X Total distribution Box1:…
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