Showing posts with label property. Show all posts
Showing posts with label property. Show all posts
Monday, January 27, 2025

File A Return, Especially If You Have Carryovers

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  Please file a tax return when you have significant carryovers. Let’s look at the Mosley case. In 2003 Sonji Mosley bought four reside...
Monday, January 30, 2023

Donating Cryptocurrency

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  I was reading something recently, and it reminded me how muddled our tax Code is. Let’s talk about cryptocurrency. I know that there is ...
Monday, March 7, 2022

Taxing Foreign Investment In U.S. Real Estate

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One of the Ps buzzed me about a dividend item on a year-end brokers’ statement. P:       “What is a Section 897 gain?” CTG: It has to d...
Tuesday, March 23, 2021

When Is Divorce A Tax-Deductible Theft?

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  I am reading a case involving tax consequences from a divorce. More specifically, the (ex) wife trying to deduct $2.5 million as a theft...
Sunday, August 9, 2020

Don’t Be A Jerk

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  I am looking at a case containing one of my favorite slams so far this year. Granted, it is 2020 COVID, so the bar is lower than usual. ...
Tuesday, August 6, 2019

The IRS Cryptocurrency Letter

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Do you Bitcoin? The issue actually involves all cryptocurrencies, which would include Ethereum, Dash and so forth. A couple of y...
Saturday, November 24, 2018

A College Student and Ethereum

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I have passed on Bitcoin and other cryptocurrencies. I do not quite understand them, nor am I a Russian oligarch or Chinese billionair...
Sunday, August 12, 2018

The New Qualified Business Deduction

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I spent a fair amount last week looking over the new IRS Regulations on the qualified business deduction. It was a breezy and compact 184 p...