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Federal income taxes - We make monetary donations during the year to a couple 501(c)(3) organizations. The donations are processed electronically through a service. That service charges a fee which it deducts from the amount that it transmits to the 501(c)(3) organizations. My question has to...
What is the name of your state? Social Security survivor’s benefit.
Does anyone understand how this works? I'm trying to do some financial planning.
My spouse is over 65 and currently receives amount “X” based upon her earnings. I also am over 65 and receive amount “Y” based upon my...
What is the name of your state? WA
Can anyone explain why banks require photo ID when a person makes a deposit that includes cash? I’m aware of the federal requirement for identifying anyone who deposits cash (loosely defined) in an amount greater than $10,000. I’m referring to needing photo...
What is the name of your state?
Washington State
Health Reimbursement Arrangement (HRA) and claiming of medical expenses on Federal tax return.
Through my employer we signed up for a Medicare Advantage plan that includes a reimbursement to us of $200/month. There are other Medicare Advantage...
What is the name of your state? WA
An organization to which I belong has published a guide to help us organize our personal and financial info into one place for our survivors. In the info for real estate I own it asks "Provide location of lien if mortgage is paid off". I don't understand the...
We are selling a couple rental properties. The purchase & sale agreements list closing dates. As I prepare to pro-rate the rents between us and the new owners I was thinking about whether the closing date is the date we sign papers or the following business day when the papers are filed and...
Washington State - we are selling a couple rental properties. Just got asked whether we would consider seller financing (we are kicking that idea around). So this evening's question is - Does receiving payments over time impact capital gains taxes? And if it does, how does it impact it...
We had an LLC in TX which has been terminated. While I expect to keep tax records for 7 years, I was wondering whether there is any requirement in TX to retain other material on the LLC such as the company agreement (and any amendments), minutes of meetings, or the Certificate of Termination...
Washington State, Thurston County - A couple questions relating to Small Claims.
Situation. I own property on “A” street. “B” street meets “A” street at a T intersection directly in front of my property. On May 8th a car coming down “B” street ran the Stop sign, went over the curb, and jumped...
I just received an application for tenancy in one of my rentals. The applicants do not have Social Security numbers (and possibly no TIN although with the language issues I'm not positive about the TIN).
1. Am I allowed to turn them down for that reason alone or is that some form of...
Washington State. First of all, I have messaged my HOA but I like also getting information from independent sources therefore this posting.
I'm selling a house w/in a Home Owners Association (HOA). I noted that the closing papers mention an HOA Transfer Fee (escrow is awaiting for a demand...
Washington State - Prior to 1997 the IRS allowed capital gains to be deferred (rolled over) into the purchase of a new principal residence. I sold my principal residence prior in 1992 and purchased a new residence. I am now selling that 1992 purchase. Is the basis for computing capital gains...
What is the name of your state? "But some say that some checkpoints appear to violate constitutional protections of free travel." Took that sentence from a Washington Post article. It is talking about the police checkpoints some states and counties are using to restrict entry into certain areas...
WA - state law changed (effective 6/11/20) so that we have to allow a 5 day grace period but if they exceed that the penalties can go back to the first day they were late. Example from a LL association: "if rent is due on the 1st then the tenant has through the 6th of each month to pay before...
What is the name of your state? Washington State
What do you think? May I start the new rent amount May 1st or June 1st.
Situation: 2 tenants currently month-to-month. Tenant A sent an email today saying she is leaving, that tenant B will be staying and covering the rent. As I read RCW...
I'm looking at the sample lease our state LL assn has drafted. Regarding a prorated first month's rent it says " The prorated rent from the commencement of this Rental Agreement to the first day of the following month is $_____, which amount shall be paid
___ at the execution of this Rental...
WA State - I'm a landlord and I do not allow pets. Soon I will have my first tenant with an Emotional Support Animal (ESA). My question has to do with the other tenants. Are there any laws or regulations relating to what information I can/can not provide to the other tenants?
If I allowed...
How will this work under today's tax rules?
If I still own this property when my wife and I die will the heirs get a stepped up value? Or will someone have to compute the capital gain?
Bought house in 1978.
Lived in it until 1980.
Rental from 1980 - 1986.
Lived in it for a year ('86-'87)...
This is NOT a political discussion.
I'm thinking about the current thing with NY state subpoenaing an accounting firm for records they hold relating to President Trump's taxes. The accounting firm has received a subpoena. The client has said - don't provide those records.
Assuming that it is...
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