Unanswered Tax Questions
Questions Asked by Users That Have Not Recieved a CPA Response.
View All Tax QuestionsMunicipal Bond De Minimis Less Than 1 Year to Maturity
Asked onSunday, September 24, 2023 by ZdravkoDoes the Municipal Bond De Minimis rule apply to bonds with less than 1 year to maturity? Not a bond originally issued for less than a year, but say a bond that had an original maturity of 10 years issued in 2013 purchased in 2023 with 6 months to maturity. If so, is the de minimis cutoff still 0.25%?
Basis for inherited property
Asked onSaturday, September 23, 2023 by BillGrandfather willed a farm to my mother, "for her natural life" after which he directed it go to her children. He died in 1977. Mom kept and ran the farm from 1977 until her death in 2020. Children sold the farm in 2022. For the purpose of determining capital gains, is our tax "basis" the value at the time of grandfather's death in 1977 or the value at the time of mother’s passing?
Amazon Vine Income?
Asked onSaturday, September 23, 2023 by IndiaI am new to the Amazon Vine program. You receive free stuff for submitting reviews. Amazon sends a 1099 if you go over the $600 limit. I am a senior on social security and want to know how this would impact me. I file jointly with my husband. I have read so much stuff that even if you are below the $600 you should report it. Many say to report as a hobby or business income. I am so lost on this.
Long term capital gain
Asked onSaturday, September 23, 2023 by RebeccaHow much tax would be owed on long term capital gain of $800k with an annual income of less than $35k in Pennsylvania.
Long term capital gains
Asked onSaturday, September 23, 2023 by SethIf I made 10 thousand in personal income, but sold stocks for long term capital gains of 100k, is that 100k tax free? Or, are those long term capital gains considered as part of the calculation of personal income? Basically the question is about the exemption of long term capital gains if your income less than 44k
Filing status
Asked onFriday, September 22, 2023 by RockelleCan I file single head of household if married to protect me from paying my spouses child support?
Draft Kings
Asked onFriday, September 22, 2023 by NicoleI’m a college student who has no income. However, I recently won a Draft King’s bet of $750.00. Do I need to report that on my taxes along with my student loan refunds?
Circuit breaker
Asked onFriday, September 22, 2023 by RayleciaIs Stonebridge townhomes eligible to rent pay reimbursement
Dont want to get into trouble
Asked onFriday, September 22, 2023 by TeresaJust want to know if I can pay all my taxes do at the end of the year
Lost access to bank account used for tax refund
Asked onFriday, September 22, 2023 by SierraI can't access the bank account that my refund was deposited in how can I get my money