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What are the credits and debits, so he doesn't have a tax liability.? Credit his home on the P&L or Balance sheet and debit Distributions?At some point his new ...
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Doesn't the above client have to declare the basis of his new home as income since he will put his name on the title?Or is it just a distribution to him.He is t...
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Per client:For taxable IRA distributions, I see $6k listed and counted towards AGI but I believe it should be $0. The background is, in Jan'23 I did a backdoor ...
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I opened up the return and put the monthly totals in, but the 8962 just totals the monthly amounts.I just took the LTR 12C and handwrote on it where I thought t...
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My 2nd client of the season presented me with the above letter, which requires that I enter the monthly premiums, etc. for the 1095-A, not the annual totals.I'v...
