Unanswered Tax Questions
Questions Asked by Users That Have Not Recieved a CPA Response.
View All Tax QuestionsRental property income.
Asked onSaturday, March 11, 2023 by RichardI rented my mobile home out for 6 months or so last year. Do I consider that just like any other income?
Step-up after step-up
Asked onSaturday, March 11, 2023 by TerriMy father owned stock. It was given me upon his death in 2013. I am familiar with step-up basis and how it works. At that time, the stock was stepped-up in basis. I have kept this stock in a different account, because the brokerage firm said it cannot be stepped up again when I pass away. According to them, a step-up can only occur once for a stock and my heirs will have already received the step-up benefit from the 2013 step-up. In 2022, I was told this is incorrect and when I die, it can be stepped up again. I tried searching online for clarification, but can find nothing that talks about stepping up a stock that has already been stepped up. So it appears that when I die, this stock can be stepped up again. Would someone be kind enough to clarify this?
Part time job
Asked onSaturday, March 11, 2023 by EmilyI did my taxes and discovered I can make less than $15,000.00 a year while collecting SS. I am 73 years old and a widow, I made $17,000.00 last year. I thought I could make as much as I could after turning 70. I pay taxes from my job. Should I quit my job??
Tax amount due
Asked onSaturday, March 11, 2023 by LaporshaReceived W-2 and 1099 for settlement. Accommodations refused, pregnancy lost, emotional distress. Firm mentioned paying taxes for the portion they received directly but 1099 has 2nd half of mine plus lawyer's payment. Not sure how much is taxable for the amount received.
1099 or W2 Employees
Asked onSaturday, March 11, 2023 by MalikCurrently in the beginning stages of a start up small business cleaning service. We are currently weighing the options of 1099 or W2 employees. If we went the route of W2 employees, are we bound to provide health insurance to each of the employees with a W2? Also, are we free to be selective on who can receive a 1099 or a W2?
How do I upload my 1040c to e-file and where I
Asked onFriday, March 10, 2023 by RobertI filled out my 1040c form online but I want file it e-file upload it to where and how
Filing of Form 8582
Asked onFriday, March 10, 2023 by LesterI've been accumulating Passive Activity Losses for the last decade. For the first time this year, I rec'd a gain instead of a loss. I thought, no problem, I have the accumulated losses in my tax records. When I went back to look at previously filed returns, I cannot find any Form 8582 declaring the accumulated losses/carryover each year. Am I in trouble, or will the IRS computer system simply be able to check the loss I've put into the tax software (and thus the filing) each year?
State tax
Asked onFriday, March 10, 2023 by PhilomenaI filed my taxes. Federal went through state didn't. How do I file again without federal thinking I'm doing it twice. In Oklahoma you can't just file state.
What can be included in QBI
Asked onFriday, March 10, 2023 by AliceI have been including CRP payments in QBI, is that still ok? Also I have 2 nephews who received a 1099 for farm labor instead of a W-2, can I count their income as QBI?
tax question
Asked onFriday, March 10, 2023 by Richmy mother put my name as part owner of a house a couple of years ago when she had her will drawn up. she sold the house in 2022 but i never received any of the money from the sale. do i declare that I "sold a property" on my 2023 income tax form