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I have a new client who's mother passed away last November.
I have a new client who's mother passed away last November. Her only income throughout the year was a 1099-R with $7600 in box 1 and some 1099-Div's for like $5.00 each. The 1099-R is in her name whil… read more
Rick
Rick
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Two sisters have the same etrade account and both receive a
Two sisters have the same etrade account and both receive a 1099-DIV. Can one sister claim the entire dividends on her 1040, as reported on the DIV, and the other not claim it at all?… read more
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When adding the 1099-INT of the decedant, whom past in end
when adding the 1099-INT of the decedant, whom past in end of October, how do you specifically calculate this number when it was not actuallyy interest earned for the entire 12 month period? also this… read more
Lev
Lev
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Two members of a multi member LLC sell their shares on
Two members of a multi member LLC sell their shares on 8/1/2016. They receive principal & interest payments in 2016 & will receive additional principal & interest payments in 2017 - 2022. Forms 1099-I… read more
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I receive dividends and interest via a trust that was
Hello! I receive dividends and interest via a trust that was set-up by my father (still living). The trust is handled by Hilliard Lyons. I received the 1099-DIV and 1099-INT from Hilliard Lyons showin… read more
Lev
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I have received two 1099-DIVs. I assume I am the nominee as
I have received two 1099-DIVs. I assume I am the nominee as my SSN is on them and there are two of us on the account. We live together but are not married. One of the 1099-DIVs is consolidated (I thin… read more
Robin D.
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As background, my mom passed away in 05/14. She had setup 3
As background, my mom passed away in 05/14. She had setup 3 separate stock accounts three children, including me. In all cases, dividends were reinvested. Each of us went through the required wickets … read more
Richard
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A couple married jointly in 2013 and had a 6K refund which
A couple married jointly in 2013 and had a 6K refund which they elected to rollforward to their 2014 taxes. They are now divorced and filing separately. How do you get the amount sitting with the IRS … read more
Lev
Lev
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My mother-in-law holds CDs and stocks that are in both her
My mother-in-law holds CDs and stocks that are in both her and my wife's name. My wife and I are taxed at an effective federal rate of ~20%, while my mother-in-law does not have enough income, includi… read more
R. Klein, EA
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This is a question about distributing DIV ... Say Larry
This is a question about distributing DIV ... Say Larry and John are siblings. They put money together and bought a mutual fund. At the end of the year, Larry received 1099-DIV. Larry wants to do nomi… read more
R. Klein, EA
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Joint WROS Fidelity: How to file taxes with this account?
A friend and I have a Joint WROS Fidelity account. My wife and I file Federal and State income tax jointly. Our friend does not file income taxes because the only source of income is Social Security. … read more
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Im a non-resident alien, I have mutual funds in US. I have
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Hi. I own my home in NJ with my domestic partner. We are
Hi. I own my home in NJ with my domestic partner. We are both on the mortgage and the deed. We have had a CPA do our taxes for the past 5 years, but have chosen to do them ourselves this year. I am a … read more
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Instruction of Form 1040 Schedule B says If you received
Instruction of Form 1040 Schedule B says: If you received a Form 1099-INT that includes interest you received as a nominee (that is, in your name, but the interest actually belongs to someone else), r… read more
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My wife and I divorced (finalized) June 2006. We sold our ...
My wife and I divorced (finalized) June 2006. We sold our home in Washington state May 2006. We both owned the property and recieved a 1099 for Mortgage Interest and Property Taxes paid from our credi… read more
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My husband (29 years) and I BOTH received a 1099-C; his had ...
My husband (29 years) and I BOTH received a 1099-C; his had is SSN and Name at the same address as mine. I too received a 1099-C with my SSN, Name and same address. Both copies of the 1099-C's had the… read more
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If my partner and I share joint accounts, but file taxes ...
If my partner and I share joint accounts, but file taxes independantly, do we each report those accounts?… read more
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what is the correct manner to report income on a bank ...
what is the correct manner to report income for federal tax purposes on a bank account or broerkage account held as joint tenants by non-spouses. Just the account holder whose social security number i… read more
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