Today TaxMama hears from Brent in the TaxQuips Forum, with an exciting opportunity. “I have been approached by a friend I trust (personally, not on the fine points of tax law) about investing in a pre-IPO stock of a foreign company that will be listed on a US exchange. Two problems. First, I would invest […]
Category Archives: Loss
Today TaxMama hears from Alissa in the TaxQuips Forum. She wants to know, “The mortgage on my rental property is $1,500 (including tax, insurance, & a 2nd). But I only charge $1,200/month for rent because that is the going rate in the neighborhood. Do I still report the $1,200 as rental income even though it […]
Today TaxMama hears from Karla in the TaxQuips Forum, with this question. “Is the loss on surrender of life insurance deductible on 1040?”
Today TaxMama hears from Kari in the TaxQuips Forum who doesn’t know what to do. “I am an artist/crafter who occasionally sells at festivals and art fairs.buy prelone uk https://blackmenheal.org/wp-content/languages/new/uk/prelone.html no prescription https://www.quaintonhall.org.uk/wp-content/languages/new/essay-editing.html I do not have a storefront, nor do I sell my items on my own website.https://www.simplybeyondfoods.com/wp-content/languages/new/strattera.html I do not have a business […]