Unanswered Tax Questions

Bookkeeping & Write-up

I made money in Europe how do I claim that?

Hello, I played as a professional athlete in Europe for 2 months and made about 3,000 euros. I was never given any financial paperwork. How do I file this income?

Miscellaneous

Is it legal

Ok, so I worked for a business and got paid under the table about a year ago. I moved for a different job and then came back and started working for the first company again. This time filling out a w2. Well I just received a 1099 nec from this company for last year but we never had that agreement on the table. Is it legal for them to use my information without my consent?

Home Ownership

Dad selling home what is his capitol gain responsiblity

Dad is 93 and is now living in an assistant living home. We want to sell his house - He paid $50,000 and selling for $700,000. My mother passed away 4 years ago. A CPA told me that he would not have to pay any capital gains tax. Is that correct? From what I read after $250,000 he has to pay on the balance to the state and federal govt. Also they stated that since my mother has not be dead for 5 years she will also get to take a deduction. I live in California so does the state also get their share. Thank you Patrice Alexander

Deductions and Write-Offs

Where do I deduct conference registration fees and travel expenses?

I am an independent scholar who attends annual conferences for my profession. I'm trying to deduct conference costs (registration fees, airfare, lodging, and meals) on TurboTax Deluxe, but don't know where. Also where do they go on my 1040?

Miscellaneous

Business loan for travel for remote work OK?

I have multi-state professional licensure. I want to travel to the states I am licensed in to perform professional medical services. I would need to be physically present in the state in which I am performing services, so I am looking into buying a trailed and a truck to live in while I work in the other states, keeping my base/office/residence in my home state. Can I have my business take out a loan for the trailer and truck and deduct the payments as a business expense?

Miscellaneous

Personal loan for business entity

I am wanting to "loan" my business entity money to buy a truck for work use. How do I go about this, assuming it is proper to do so?

Tax Filing Tips

Filing status with international spouse

Hi, I’m a U.S. citizen and my spouse is Canadian. I changed my W-4 filing status to married. We’re in the process of submitting a k-3 application and he doesn’t have a SSN or number with the government. Can I still file married filing separately? He doesn’t have any income and I don’t want to file incorrectly. Thank you.

Investment and Finance

Capital gains

If I have a couple ETF, and they go up, then start going down so I sell them. Do I have to pay capital gains taxes on the money they gained? I’m wondering because if I plan on putting 100% back into the same etf once the market bottoms out, so I’m not really using that money for anything else, just taking it out and putting it back in to the etf.

Tax Law Changes

Iam on ssdi and sell on micari is there a limit i can sell

Tax Filing Tips

No LLC yet, Filing Questions

I am starting a side gig in 2023. LLC I think in MO. Maybe sole proprietorship. In 2022 I invested in the business by building a studio and taking coaching lessons. Trying to understand if I can deduct from my personal taxes or what the policy is.