It depends on the arrangement, your question is not clear.
++++++++++
If Amy offers Bob a seller-financed mortgage, and Bob pays Amy principal and interest, Bo...
No. Personal legal expenses (attorney, etc) are not deductible for 2025 because that deduction was removed for 2018-2025, and settlements for personal wrongdoin...
Can you clarify your question?
You are not eligible to contribute to an HSA unless you are enrolled in a high deductible health plan (HDHP) that meets IRS requ...
1. Amend 2023 to report the excess and pay the 6% penalty on the excess contribution.
2. File 2024 to report the Roth contribution and the rechacterization. If...
I assume Turbotax is flagging an error because you have something in box 20 but no dollar amount in box 19? If you have no local tax withheld in box 19, just le...