Lee B

So a rental is a "leasehold interest"?

It will depend on how they reassign their personnel?

It there were leasehold improvements involved, I agree, but in the case of a rental is it a capital transaction?

When you enter both W 2s, what does your tax software do with the excess 401 k contribution?

Really, without the tax credits some preparers would be unemployed

My son-in-law gave me a Bulls**t button

I not sure how that would work in combination with the standard deduction? I would like to see it be an adjustment to Income on Schedule 1

Also,nonprescription medicines, toothpaste, toiletries and cosmetics.

I checked and there weren't any changes?

Catherine, assuming you still use Drake, you enter the gross amount in Box 1 and Box 2. Then click the link at the top of the entry screen that says "special tax treatments" and enter the amount of the QCD on that page. If you do this you may trigger a CP 2000

Since Congressman Cohen is in the minority party, this bill is DOA.

First we need to know if he primarily an employee or self employed reporting on Schedule C?

According to the IRS, emails like this have been an ongoing problem for several years.

Agreed, Not Enough Information

Perhaps your client needs to check his credit report for fraudulent activity?

In this situation, I always ask for a copy of their last 2024 pay stub to make sure.

What is the relationship between your client and the issuer of the 1099 Misc?

Offices that have already been closed: Lowell MA Hilo HI Brattleboro VT Salem OR Idaho Falls ID Bend OR Sioux City IA Beaumont TX Knoxville TN There seems to be a bit of overlap between the two lists.

California San Mateo, CA San Marcos, CA Thousand Oaks, CA Stockton, CA El Centro, CA Visalia, CA Modesto, CA Massachusetts Lowell, MA Worcester, MA Southborough, MA Springfield, MA Kentucky Paducah, KY Owensboro, KY Bowling Green, KY Hopkinsville, KY Arizona Phoenix, AZ Mesa, AZ Glendale, AZ Tenessee Knoxville, TN Franklin, TN Chattanooga, TN Alabama Montgomery, AL Birmingham, AL (2 closures) Oregon Salem, OR Bend, OR Medford, OR Plus about 40 more IRS Offices

All you would need is one bank statement from 2024 and you could calculate the same amounts as would show up on the SSA 1099.

You can download one online after you set up an online account. Actually, setting up an online account is a very good idea since it will prevent your account from being hijacked and your monthly benefits monthly redirected.

The assets come out at FMV which when I have prepared one of these resulted in taxable gains.

IRS Pub 526 "Partial Interest in Property Generally, you can't deduct a charitable contribution of less than your entire interest in property. Right to use property. A contribution of the right to use property is a contribution of less than your entire interest in that property and isn't deductible. Example 1. You own a 10-story office building and donate rent-free use of the top floor to a qualified organization. Because you still own the building, you have contributed a partial interest in the property and can't take a deduction for the contribution. Example 2. You own a vacation home at the beach and sometimes rent it to others. For a fundraising auction at church, you donated the right to use the vacation home for 1 week. At the auction, the church received and accepted a bid equal to the fair rental value of the home for 1 week. You can't claim a deduction because of the partial interest rule. The auction winner can't claim a deduction either, because of the received benefit equal to the amount of the auction winner’s payment."

Here’s the latest list of Social Security Administration offices that have been closed or are in the process of being closed by DOGE: Georgia Brunswick Columbus Gainesville Thomasville Vidalia Alabama Anniston Cullman Gadsden Jasper Arkansas Batesville Forrest City Jonesboro Texarkana North Carolina Elizabeth City Franklin Greenville Roanoke Rapids Texas Abilene Nacogdoches Victoria New York Horseheads Poughkeepsie White Plains Mississippi Grenada Greenwood Meridian

You need to add depreciation to the actual expenses before you analyze the situation.