Explore the 1,000’s of tax questions answered by professionals.

Real property was transferred from single to joint ownership but the mortgage is still single. What is the impact? ... read on

For the past three to four years, I have held a significant amount of foreign currency in India. If .... ... read on

How do you know whether to use the Schedule D tax form or the qualified dividends and capital gains tax .... ... read on

I have an LLC with net operating loss for 2008 of $400,000. In 2008, I filed an irrevocable letter .... ... read on

How are qualified dividends treated and what if some of the dividends are reinvesting into the stock? Does that .... ... read on

I got a final K-1 letter in 2009 for 1041 from a closed trust. Listed under Part III: share .... ... read on

How do you report owner distributions on a two member LLC for each member's personal tax return? ... read on

I sold a piece of real estate for $100,000 and my cost basis at the time was $20,000. I .... ... read on

If two partners own a business and use cash from the business to build a building, how is that treated .... ... read on

On what form & line can I carry forward tax losses? ... read on