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I lended stocks to fidelity so they can short. That generated some income that's shy of $2000. Fidelity issued a 1099-MISC. Turbo Tax is picking this up as a self employment. This is not self...

I recently switched my job and my new employer automatically enrolled me in 401K plan. In my previous job, I had already maxed out my $19500 limit.

I think I can reach out to my new plan...

I filed my tax and forgot to report 1099-R. This is a simple rollover. Distribution code in box 7 is G. It was a transfer from Fidelity to Vanguard. I never took a single penny for myself.

I also...

My microwave is heating fine and it is fixed in the island cabinet. The lights are out in the microwave. I am guessing its just a bulb that I need to replace or may be a fuse. I can't find any...

Thanks a lot. I'll go over my form again and might reach out to you after April 17th. Thanks a lot for your help.

Thank you so much for your reply. Actually, I did it manually and did not fill the form 6251 which was required because of my gross income. I noticed that due to my gross income, I have to file form...

I filed my return which included schedule D and form 8949. Some of RSUs were vested in 2017. In both cases taxes were collected and income reported on W2. I had no stock options that were exercised...

Hi

I am 69 years old and don't work and neither does my spouse work. We live with our son. I didn't pay any taxes - no earnings and no W2 or 1099, however took advantage of ACA, so I have to file...

Thank you. But is there a possibility that a situation like this can arise where even though I didn't work or paid any taxes but get money back because of a tax credit. I understand what I am asking...

No. Doing this by hand.

When completing my return, and filling up my 1040 and form 8962, I got $1093 in Net Premium tax credit from form 8962, line 69 on 1040.

I want to know if I am doing something wrong. I am retired...

Thanks. If I report the pension, do I also attach my pay stubs (it's really a book where each month has an endorsement) and then show the conversion of currency? What's the acceptable way of...

Thank you so much. So, that means I have zero income. I actually get $50 a month from my employer back home from where I retired. While I can report that, its just too much paper work.

Since I am...

I live with my son who provides some cash support to both me and my wife. There is no W2. It's simple cash and not in exchange of any work. How do I report this on my 1040 (married filing jointly)?
...

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I have a job offer in Munich and I am trying to determine my tax liability as a US citizen working in Germany. Assume that income is $150K. Now I know I can exclude, $100K (or something around...

I have a strange case. Here is the sequence of what happened.

1. I worked for Composite Software until May 2013. Taxes were withheld from salary I received and reflected on W2 at the end of year....

I'll be lending to someone in the family outside of US(I am a US citizen living in US). The amount is reasonably large. The person is going to return me the money in chunks of $5000 each. I don't...

Thanks a lot. So that makes sense and I was hoping that this would be the answer. Here is how the company gave me details on "letter of transmittal".

Participating closing amount per share: 3.2...

Hi

Last year I exercised company stock options. A month later my company was sold so all my shares were sold. Assume that my exercise price was "X" and my selling price was "Y". If I was paid out...

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I have a very simple question. My last company was acquired and I am submitting a letter of transmittal so I get proceeds from my stock certificate I had. There is a column for adjusted tax...

IRS adjusted my refund and I received $208.99 less than what I expected. When I recheck my refund, I think my calculations are correct. Is it possible that IRS might make a mistake. IRS only disputes...

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In 2011 I lost $2711 in short term stocks. But I also had long term gains from gold and other stocks bringing my net loss to only $71. So on line 13 of my 1040 I claimed only $71 in loss. Did I...

Thank you so much Scott. All the checks that I have deposited have a memo section in which he has said "Rent: January", "Rent:February" and so on. Thanks a lot for your answers.

Thanks for your answer. When I asked him to leave, I didn't said to leave right away. I asked him that he find a different place and can stay until he finds it. He actually stayed well over one...

Hi

I live in Chicago. I HAD a roommate who was with me for over 6 months but never included in the lease. He was paying his rent and his share of utilities on time each month. Then we had an...

Thanks for your reply.

I know I have to report it. But do I report it on form 8949 in the section of long term capital gains or is there a different form? Thanks

I sold the two coins in 2011 and the site I sold my coins through is not required by IRS to report the transaction. How do I report this on my 8949? Can I just mention this on Part II of form 8949...

I know this is what I would normally do if she was here. But can I still do this although she has never been to US and I have not applied her green card yet (as I said I'll do that next year when I...

Hi

I got married this year and my wife is still in Pakistan. I will not be applying for her Green card until next year when I become US citizen. Would I be able to file my 2011 tax under "married...

Great. Thanks a lot for your answer.

Imad

Hi

I already filed my tax return for 2010. I forgot to include about $30 (that's thirty only) of my income from Android app I wrote. Google never sent me any document, so I don't have any 1099 or...

I have only three 1 ounce gold coins that I would like to sell. I purchased these coins in 2005/2006. Do I have to pay capital gains tax when I do my taxes next year. How would the capital gains tax...

This one is not straight forward. I started an MBA in Spring of 2007 (January). My school (Purdue) gave us 1098T right away for tuition we paid for January 2007 semester so many students can claim it...

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I was on H1 until 2009 and my on H4. When we filed for tax return in 2009 (for year 2008) we were not eligible to receive stimulus rebate because my wife had an ITIN and not an SSN. Now we both...

Thanks ballengerb1, Scott, Judy. I am going to try to find a lawyer who can write me on a letter head this letter. If not then I'll file a lawsuit in a small court claims. This site has been helpful...

ballengerb1, I notice you are in Wheaton Il. This accident occurred in Downers Grove, Il. Do you or someone you know can help me with this?

Thanks for all your replies. First of all my insurance said we'll not be a party to this because you just have liability insurance and so you should just go and deal with them yourself. So my...

Thanks. Yes ticket was issued to the other party. But cop said I can go home while he write his ticket because he completed my paper work first. Thanks for your help.

BCBS already paid the bill. I paid $57 in co payments. I think they don't even know my visit was because of accident because I didn't use an ambulance. I felt okay at the time of accident but...

Hi

As the title says and I am sure no one is surprised. I was rear ended while waiting on a red light. I had an old car which must now be totaled. The car is worth around $2500(KBB). My medical...

Thanks for your reply. Power of attorney sounds reasonable but if I transfer the title, wouldn't the date of title show that it was transferred after the crash? I can transfer the title to my name...

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I was driving a friends car who doesn't live in US anymore. He wanted me to sell his car so I was coming from Walmart after getting a new battery and a tire when while waiting on a red light I...

Can I also claim tax treaty benefits? Do I have to file 1040 or 1040 NR?
I would also like to get continuing education credit. Since I pass substantial presence test can I do both. I mean claim...

Hi

I worked for a small company opt but they have given me a 1099 misc form and reported my income in block 7 (non employee compensation). This is how they have reported my income. $7000 on W2 and...

Thanks a lot Mukta(specialy even pointing me to the correct page). I found it in Pub 519 under "Non Resident Spouse Treated as a Resident".

One last question. Do we need to attach our marriage...

Thanks ATE. What kind of statement does my wife need to sign? Is it a simple two line statement on plain A4 page that She is a non resident alien spouse of a resident alien?
On W7 does she have to...

Hi

I am on H1. Last year(tax return for 2006) I had to file dual status return. This year I got married in Pakistan in June. My wife arrived US on H4 on September 8th 2007. She doesn't work. I am...

Hi

I am on H1 and my wife came here last week on H4. I am also in the process of changing my job and my H1 transfer application is with USCIS right now. I wanted to apply for her ITIN. I know I am...

Thanks a lot. Is there any other form you think I should file beside 8843, 1040NR and 1040.

Thanks
Imad

Hi ATE

Thanks for your great help. I have one last question hopefully. Since I am claiming exemption of $5000 for the first two months when I was on OPT do I have to file Form 8233 also beside...