Today TaxMama hears from Jim in Marion, Illinois, who says. “I would like to know if it is legal for an “LLC” to be an investor in an “S” corporation?”
Category Archives: Capital Gains Tax
Today TaxMama hears from Keith in Wisconsin, who poses this dilemma. “I have resided in my principal residence for three years, uninterrupted. It is on 6.3 acres of land. Two years ago, I had the land subdivided into two lots, one with the house on it, the other vacant land. If I sell both in […]
Today TaxMama hears from Claudette in New York, who asks.buy Glucophage generic bloinfobuy.com over the counter “What is the best way to put together a schedule of capital improvement expenses to offset the proceeds of the sale, if the house has gone through many renovations over the years. “
Today TaxMama hears from Marti in Los Angeles, who tells us. “I am getting married in September. I own a condo that has been my primary residence for five years. My fiance’ and I lived there together for two, but he is not on title.https://www.grapplearts.com/wp-content/languages/new/writing-a-business-proposal.html I have over $250,000 in equity so I would have […]
Today TaxMama hears from Marty in Calif., who relates. “I own a piece of land in Florida that I own free and clear and now have up for sale (as of Jan.buy tadalafil online https://www.conci.com/wp-content/languages/new/tadalafil.html no prescription 1, 2006) and the listing price is $5.74 million. It was valued at 6,000 when I acquired it […]
Today TaxMama hears from Paul in Florida, who says “I have a friend whose apartment community has been converted to a condominium. He and his wife are going to buy their unit, which has been their primary residence for over two years.https://www.quaintonhall.org.uk/wp-content/languages/new/buy-nothing-day-essay.html They intend to resell the condo as quickly as possible after purchasing it […]
Today TaxMama hears from Ray, who tells us, “I just saw the article on deductions for a home office on WomensWallStreet.com. Something I learned last year from my tax advisor that needs to be disclosed is that when you sell your home, you get hit with Capital Gains tax on that home office location. In […]
Today TaxMama hears from Carole in Hanover, PA who asks, “How much can I deduct for giving to churches without sending up a “red flag”?buy prelone canada http://healthinschools.org/wp-content/languages/new/canada/prelone.html no prescription https://www.seehowcan.com/wp-content/languages/new/essay-writing-services.html My AGI is $88,500.” Ask TaxMama :: Where taxes are fun and answers are free IRS Publication 526 :: Special 30% for Limit for […]
Today TaxMama hears from Amy in Doylestown, Ohio, who says, “My mother wants to sign over her house and property to me as a gift.buy sinequan online blackmenheal.org/wp-content/languages/new/noprescription/sinequan-no-prescription.html no prescription There are no liens on the house, no mortgages, etc.https://redemperorcbd.com/wp-content/languages/new/synthroid.html But what should I expect come next tax season; and also what should she expect?”
Today Krishnan from the Internet is wondering. “I have a “Stamp Collecting Hobby” and spend about 00 to 00 each year.https://firstcanadianpharm.com/wp-content/languages/new/levitra.html Are those expenses deductible under “Miscellaneous Expenses” when you itemize using Schedule A.”