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TAXMAN

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About TAXMAN

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    ATXaholics Anonymous

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  • State
    VA

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  1. In checking over HUD stmt for first time buyer, I see points paid and a rather large Guarantee fee to Rural Housing. Its 1% of loan. I think this is deductible as it would not be considered PMI. Am I ok on this one? your thoughts
  2. TAXMAN

    Roth IRA + Regular Pensions

    What I have noticed that if the pension/ira is fully taxable no number on 4A. Roth and partially taxable IRA's still going to 4506.
  3. TAXMAN

    199A for a dependent???

    Does reporting it on line 21 as stated does that kill the Sec199? ATX looks for a sch c to see the Sec199.
  4. TAXMAN

    199A for a dependent???

    I too have a very similar situation. My dependent does have some taxable income left over. So do I give tp the Sec199 deduction. Won't be much.
  5. TAXMAN

    Standard Mileage Rate

    Just so understand. If mileage used in first 2 years, actual used after that, then want to switch back to mileage then what would the rate be if all depreciation has been used?
  6. TAXMAN

    SALT Limitation - Interesting Twist

    Not sure I understand. On VA ,I thought what ever you did on Fed sch a or standard you had to to do the same on state. Is this a change to VA?
  7. TAXMAN

    Support Document

    I found a good one in Tax tools from cfs. Tax books also has a good one.
  8. TAXMAN

    Virginia Efile

    Have you been able to efile the VA-502 form?
  9. TAXMAN

    New Farm Equipment

    I would not like to use 5 year on a 100k tractor. TP does not need the shortened life span for these big purchases. What alt would you use?
  10. TAXMAN

    Virginia Efile

    Do you all know when VA will get their efile for partnerships approved. I have several very simple that I would like to get rid of. Last word I saw was Va is still out on the standard vs schedule A.
  11. TAXMAN

    PMI REVISITED

    Thank you. I thought so.
  12. TAXMAN

    PMI REVISITED

    Ok, I am reading from several reliable sites that PMI is alive on 2018 Tax returns but not on 2019 unless Congress does extend. Inst says no for 2018. However I do not see a place to put it. Some commenters have said add it the mortgage line and proceed on. I find this disturbing. Now is it alive for 2018 or not. What say you?
  13. TAXMAN

    UNREQUITED LOVE - THE 1040

    Hey Jack, whats the possibility we can get atx to put both pages on 1 sheet. I tried duplexing but wind up with pages not where I want them.
  14. TAXMAN

    Schedule E - QBI

    I thought that safe harbor was for 2019 going forward. Not applicable to 2018? Did I miss the boat?
  15. TAXMAN

    UNREQUITED LOVE - THE 1040

    Maybe they are in cahoots with paper companies?
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