User Submitted Tax Questions

Investment and Finance

Log term capital gains

what is my capital gains tax for long term stock sales and how can i offset any of these gains? I have an scorp.

Personal Taxes

Work

I was offered job at 40 hr 12.00 taxable and 28.00 stipend it's for temp service. Would I have pay on taxes

Personal Taxes

Annunities paid on death of parent /Savings Bonds

How will I be taxed on the income I am receiving from 2 different annuities that have been passed on to me from my mother's death? I also revived 2 10K savings bonds POD that have matured years ago. What taxes will I be responsible for in 2023?

Miscellaneous

gifted equity tax

I am selling a rental property to my son. there will be some gifted equity and I am trying to estimate the tax consequences.

Tax Forms

I just started my own company and I have to pay my quarterly taxes. What's the best way to pay them and which form?

Family Issues

Selling home/trust

Parents deceased home was in a trust! Sold house have net proceeds from sale of house? Are there any taxes that I will have to pay on that (I’m the trustee)?

Deductions and Write-Offs

I must include the Solar Installation on my Tax Return, but I have not had to file in over 5 years...I'm 73

How can I prevent the monthly deduction for the Solar from not going up If I don't file?????

Tax Filing Tips

Failed LLC

Ellen Verified CPAs, 10+ years of experience Save time and money. Get specialized help. Pearl Pearl Wilson, Accountant's Assistant Welcome! How can I help with your tax question? You Hello, I started an online ecommerce business (LLC) last year in Kentucky. All start up costs and merchandise was purchased in 2022. Although my business and website were fully functional, I was unable to advertise and market due to a family emergency. So, I'm wanting to know the best way to approach this on the income taxes to benefit my family the most. My total business expense was approx. $17,000. I'm married and file jointly therefore the standard deduction seems to best choice. What would you advise?

Personal Taxes

House Appraisal for inherited home for capital gains information

I sold an inherited house, that I did't live in, in Florida last month. The decedent past away a year ago and I wasn't informed to get an appraisal done at that time. Is it necessary for me to get a retrospective appraisal for possible capital gains taxes

Deductions and Write-Offs

AMENDED RETURN

i PAID AND DEDUCTED LONG TERM CARE PREMIUM IN 2022 ON 1040S FORM I .WILL GET REFUND FOR MOST OF IT IN 2023.DO I REPORT REFUND AS INCOME IN 2023? CAN U AMEND MY 2022 TAX FORM .