updates

Where do I report sale of personal residence on 1041?

Reporting section 121 exclusion on the sale of a personal residence (1041) Use the following procedure to report the sale of a personal residence with a s...

Jul 15, 2026 • 1 READS

updates

When do they release the new version of TurboTax?

TurboTax normally releases its new versions as soon as the IRS completes revisions to the forms and approves the TurboTax versions, usually late in the ta...

Jul 15, 2026 • 1 READS

updates

Why did I get a 401k refund?

If you contributed to your 401k plan, then received a refund for a portion of your contributions for that year, chances are your plan failed the annual IR...

Jul 15, 2026 • 1 READS

updates

Can I offset foreign property losses against other income?

Any losses from property abroad can be offset against other overseas properties or carried forward to future years if you make a loss overall. You can’t s...

Jul 15, 2026 • 1 READS

updates

Does an S-Corp file a Schedule C?

Under no circumstances and with no exceptions will an S-Corp ever file a SCH C. The SCH C is for a sole proprietorship or single member LLC, which are con...

Jul 15, 2026 • 1 READS

updates

Does California recognize qualified dividends?

A qualified dividend is a type of dividend that is taxed at the capital gains tax rate. Generally, you are taxed 15% on your capital gains, and therefore ...

Jul 15, 2026 • 1 READS

updates

Does a QCD have to go directly to the charity?

You should work with your IRA custodian to correctly accomplish a QCD. The funds must be made payable directly from the IRA to the charity. (Some IRA cust...

Jul 15, 2026 • 1 READS

updates

What are qualified solar electric property costs?

Qualified solar electric property costs – Qualified solar electric property costs are costs for property that uses solar energy to generate electricity fo...

Jul 15, 2026 • 1 READS

updates

How long does it take to become an Uber driver?

How long does it take to become an Uber driver? It normally takes 1 to 7 days to become an Uber driver. This is the amount of time for your application to...

Jul 15, 2026 • 1 READS

updates

Is disability insurance pay taxable?

State Disability Insurance (SDI) SDI benefits are taxable only if paid as a substitute for unemployment insurance (UI) benefits. When SDI benefits are rec...

Jul 15, 2026 • 1 READS