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

No actual distributions have been made for a simple trust even though the trust document requires it. Can we .... ... read on

My wife and I want to claim a tax deduction for my son's preschool. If I work full time, how .... ... read on

I invested in a company based in India that has a stock ADR in the United States. The proceeds .... ... read on

I sold a rental residence in one state and will be using the proceeds to purchase another rental property in .... ... read on

I recently started a new sales job that requires me to entertain clients and to meet them for dinner and .... ... read on

I have lived in my home for 18 of the 24 months I've owned the home. If I sell .... ... read on

I have accumulated a lot of capital losses carried over from many years. Do I have to deduct $3,000 .... ... read on

If you fund your IRA with shares held in a non-retirement account such as a mutual fund, what impact will .... ... read on

In February 2014, I withdrew $10,000 from my SEP-IRA for personal expenses. I did not roll it over within 60 .... ... read on

I want to install a more efficient air-conditioning system to my house. Do I get any tax deductions? I live .... ... read on