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Recent Deduction questions

I have a half ownership in the California home I live in. My

I have a half ownership in the California home I live in. My sister and I inherited the house. I pay half the taxes and the insurance and there is no mortgage. I pay a modest rent to my sister, $525/month or $6300/year. We each contribute $1620 for the property taxes. Should I claim the CA rental deduction? If I do, can I also claim the home owner deductions for the insurance and taxes?

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Mark D

Master's Degree

1,008 satisfied customers
We had our RV on consignment with a local RV dealer. He went

We had our RV on consignment with a local RV dealer. He went bankrupt and we lost our RV because it was in his possession. Can we claim the value of the lost RV on our tax forms?JA: The Fraud Examiner will know what to do. Is there anything else the Fraud Examiner should be aware of?Customer: Nothing I can think of right now.

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Mark D

Master's Degree

1,008 satisfied customers
Deductible medical expenses - I have two questions

Deductible medical expenses -Good Afternoon,I have two questions concerning medical expenses.1) If a doctor writes a prescription for a patient to hire a personal trainer to have him exercise x times per week, etc. when would/could that be consider part of total medical expenses when totaling up expenses for the year?2) When would a service dog be consider a medical deduction?a) What proof, evidence does one need to prove that they require a service dog?b) If a psychiatrist prescribes one, does that count?c) What expenses related to the service dog would count?Thanks,JW

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Robin D.

Vocational, Technical or Trade School

23,140 satisfied customers
My 83 year old mother has come to live with me in August of

My 83 year old mother has come to live with me in August of this year (2016). I live in Westminster, CO and my mom owned her home in Arkansas before moving with me. The home is on a lease to own type contract. The home was to be owned by the new buyer when they sold their Texas home. Anyway, my mom has not received the full amount of the house but received monthly payments of $371.00. She is of course retired and gets Federal benefit credit of $1272.00 per month and $88.35 metlife pensions. She has not paid any taxes since she retired. She found out she has diabetes last July is why I have her living with me now. Her medical expenses are quite high but Medicare and United Health help with these. Does she need to pay taxes now? She has quite a bit in moving expenses also. Thank you for your help on where to begin with her tax situation. - BevJA: The Accountant will know how to help. Is there anything else important you think the Accountant should know?Customer: I can't think of anything else.

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Stephen G.

Sr Financial & Tax Consultant

Bachelor's Degree

9,840 satisfied customers
I worked for a company in USA but they had me in China for

I worked for a company in USA but they had me in China for almost the entire year. I was paid from USA though. Is there any tax benefit for me being out of the country all year?

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Mark D

Master's Degree

1,008 satisfied customers
I needed assistance, I hired a moving company to move, I was

hello I needed assistance, I hired a moving company to move, I was a small business owner that kept inventory in my home office, the movers stole the property and I didn't have renters insurance at the new property yet so it wasn't covered. I don't have a police report because I was told since the company was just someone I hired from an online site and probably not a legitimate company that more than likely they wouldn't be able to recover my property. My question is how can I claim my losses on my taxes. Or is it a lost cause.JA: The Accountant will know how to help. Is there anything else the Accountant should be aware of?Customer: no

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Mark D

Master's Degree

1,008 satisfied customers
I paid to have some trees replanted on land that we have

I paid to have some trees replanted on land that we have recently cut and sold the timber. I believe I can claim that as a deduction for reforestation. I don't know which form needs to be usedJA: The Accountant will know how to help. Is there anything else important you think the Accountant should know?Customer: We (my mother, brother, and myself) have received payments for the timber that was cut in 2015 in a series of 3 payments. The last payment was this year (2017). We paid to have the timber replanted in 2016. The cost was split between me and my brother.

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Stephen G.

Sr Financial & Tax Consultant

Bachelor's Degree

9,840 satisfied customers
I just completed my 2016 taxes on turbo tax. I'm going to

I just completed my 2016 taxes on turbo tax. I'm going to MAIL my California tax return. The instructions state "include a copy of your federal tax return". My question is: do I include the ENTIRE federal return including all schedules and worksheets, or just the 1040? I have schedule C, schedule D and schedule E etc for federal

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Mark D

Master's Degree

1,008 satisfied customers
If I had a small rural grocery store that I had been renting

If I had a small rural grocery store that I had been renting and sold in January 2017, is the sale amount of it taxable? I paid 100,000 for it in 2011 and sold at a loss for 70,000. I havent been active in the grocery store since 2012.

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Mark D

Master's Degree

1,008 satisfied customers
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