Free Tax Tips

Posts Tagged ‘turbo tax’

Am I allowed to upgrade my house, then use the depreciated value as a tax write-off when I rent it out later?

I own a duplex, and live in one half while the other half is rented out. The Bathrooms on each side need to be remodeled. I would like to both rooms the same, costing quite a bit per room. Do I need to enter this (using Turbo Tax) as a depreciated value each year? And can I claim ‘zero use’ for my Bathroom, then change it to 100% later?

Question: How do I report foreign income and taxes paid in Turbo Tax premier if TD Ameritrade didn”t show it on 1099 Div?

Answer: Report the income on Schedule B as if you had received a 1099-DIV. The foreign income taxes go on Form 1116.

Choosing a tax option that's right for you takes some thought

W2s are showing up in the mail or being passed out at work. Now that you have yours in hand, there are several options to file your taxes.

T-T-T Turbo Tax

Question: Turbo Tax help, please…?

I have a 1099 only. When it gets to the page with the sample 1099 and it asks “Who paid you?” and for the EIN or SSN do I put in the company name and the EIN like on the 1099 sheet or do I put in my own name and my SSN?

Answer: The information that is on the 1099 is what they are asking for....

International Minerals Releases New Drill Results at Recently Acquired Inmaculada Project

SCOTTSDALE, Ariz.----International Minerals Corporation is pleased to announce some of the best drill results to date from the Angela Vein at the Inmaculada Project, including 3.5 meters at an average grade of 37.1 grams per tonne gold and 270 g/t silver and 6.2m at an average grade of 22.4 g/t gold and 156 g/t silver.

JMDMT #1099 Microfossils of Cyanobacteria in Carbonaceous Meteorites

Most people find it hard to understand all about taxes. When it comes to filing tax returns, many people do not even know which tax forms to use, let along what to deduct, what to claim, etc. But, a librarian will tell you in this film below that it does not take a genius to use Turbo Tax or other tax software. Just answer the questions and you will be done soon.

Jan, a public librarian responsible for ordering tax forms, talks about how confusing state and IRS tax forms can be. She wants to tell everyone that comes to the library that you don’t need to know anything about tax forms to do your taxes!

Taubman Centers Announces Taxable Allocations of 2009 Common and Preferred Share Dividend Distributions

Taubman Centers, Inc. announced today the tax allocations of the 2009 dividend distributions on its common shares and on its 8% Series G and 7.625% Series H Cumulative Redeemable Preferred Shares. Â Â

Turbo Tax Rap – Get Intuit