
17 April 2024 | 18 replies
Am I allowed to partner with my husband on this since we are married?

20 April 2024 | 33 replies
But I can see that there are probably some larger operations out there that are married to quickbooks and this could help them.

21 April 2024 | 240 replies
Around the time we were getting ready to convert our 3rd A Class property into a rental while living in it, I was then married with a soon to be coming son.

16 April 2024 | 5 replies
@Gerald Maczuga,The Long Term Capital Gains rates for 2024 include a 0% bracket for "married filing jointly" that caps off at $94,050.

16 April 2024 | 7 replies
To have your activity qualify as material participation, you must meet one of the following tests:-Work more than 500 hours in the activity (a married couple can count the involvement of both spouses to meet this test)-Do substantially all the work in the activity-Work more than 100 hours in the activity, and no one else worked more than the taxpayer (including non-owners or employees)-The activity is a significant participation activity and your total time in all significant participation activities exceeds 500 hours-You materially participated in the activity in any five of the prior ten years-You materially participated in a personal service activity for any three prior years-Based on all facts and circumstances, you participate for more than 100 hours in the activity on a regular, continuous or substantial basis during the yearPractically speaking, this means you’re doing the work on your rental properties rather than hiring a property manager.

16 April 2024 | 3 replies
What aren't you disclosing that you are married but buying as your sole and separate property, or why isn't she?

16 April 2024 | 4 replies
Its a temporary situation and I am sure you have heard the phrase "Marry the home, Date the Rate!"

15 April 2024 | 7 replies
I have read several threads on this, but I am a newbie and still a bit confused.We are married filing jointly with an income close to 150k last year.

15 April 2024 | 7 replies
This can reduce your taxable income for the year.Carrying Forward Unused Losses: If your total capital losses exceed your total capital gains plus the allowable deduction against other income (currently up to $3,000 for individuals or $6,000 for married couples filing jointly), you can carry forward the unused portion of your capital losses to future tax years.Regarding your question about deferring capital losses into 2023 and using them to offset capital gains in that year, yes, you can typically carry forward unused capital losses from previous years and use them in future years, even if you had capital gains in those previous years.So, if you choose not to use all of your capital losses from 2022 to offset your income in that year, you can carry forward the remaining losses to 2023 and use them to offset capital gains you expect to have in that year.

14 April 2024 | 4 replies
They're a married couple, both self-employed.