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Where do I enter 1099-S proceeds from pipeline easement?
June 4, 2019 12:36 PM Where do I enter 1099-S Proceeds from pipeline easement contract? You normally do not report the income for granting an easement. Yo...
Aug 01, 2026 1 views
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How long can you be out of the US before losing citizenship?
12 months Remaining outside the United States for more than 12 months may result in a loss of lawful permanent resident status. Do you have to live in the...
Aug 01, 2026 1 views
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What is reported on 1042-s?
A 1042-S is a year-end federal tax document given to a non-resident alien who: Received wages exempted from federal and state tax withholding by a tax tre...
Aug 01, 2026 1 views
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Do you have to pay back ACA subsidies?
For 2020, excess subsidies do not have to be repaid. And for 2021 and 2022 only, the ARP allows people with income above 400% of the poverty level to qual...
Aug 01, 2026 1 views
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Can a sibling force the sale of an inherited house?
If your siblings are in a bad financial situation, they may look at the sale of the inherited property as the way out of their problems. Another reason fo...
Aug 01, 2026 1 views
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What if my income is negative?
Learning About Negative Taxable Income If you have a negative taxable income, it is counted as a zero taxable income. The IRS does not provide an income t...
Aug 01, 2026 1 views
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What makes a furnace a capital improvement to a rental property?
Therefore, the furnace replacement is a capital improvement to your residential rental property. As with the restoration costs discussed above, these cost...
Aug 01, 2026 1 views
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Is third party sick pay on w2 taxable?
Third-party sick pay reported in box 12 with Code J is not taxable. (Additionally, a return containing a W-2 with $0 in box 1 will reject if e-filed.) Thi...
Aug 01, 2026 1 views
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Should I sign the TurboTax consent form?
Do we need to sign it to file or what? Yes, you need to file the consent so TurboTax can efile your returns. This is what the consent form is allowing us ...
Aug 01, 2026 1 views
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Can a former spouse get relief from the IRS?
Generally, the tax, interest, and penalties that qualify for relief can only be collected from your spouse (or former spouse). However, you are jointly an...
Aug 01, 2026 1 views
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What are the steps to closing an estate?
Closing a person’s estate after they die can often be a long, detailed process. This includes paying off debts, filing final tax returns, and, finally, di...
Aug 01, 2026 1 views
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Can you do bookkeeping in QuickBooks online?
Online Bookkeeping Method Online bookkeeping uses software that takes care of most of the calculations and data entry for you. QuickBooks cloud accounting...
Aug 01, 2026 1 views
