f**********8
发帖数: 37 | 1 I bought my house in 2007, sold it in 2010 for $ 10 k less, and I paid 15k
for agent commission. Can I claim the loss
on tax return, the selling price and commission fee both? How do I do it?
Thank you for your help |
l*****0
发帖数: 287 | 2 loss好像不行， 如果你sold 有了gain，是可以excluded 的
不过你具体可以上网查查看
15k
it?
【在 f**********8 的大作中提到】
: I bought my house in 2007, sold it in 2010 for $ 10 k less, and I paid 15k
: for agent commission. Can I claim the loss
: on tax return, the selling price and commission fee both? How do I do it?
: Thank you for your help
|
o******l
发帖数: 240 | 3 to my knowledge, you cannot.
15k
it?
【在 f**********8 的大作中提到】
: I bought my house in 2007, sold it in 2010 for $ 10 k less, and I paid 15k
: for agent commission. Can I claim the loss
: on tax return, the selling price and commission fee both? How do I do it?
: Thank you for your help
|
s******g
发帖数: 654 | 4 For next time, 1 ~ 2 years before you sell your real estate, go to see a
local CPA firm first.
We have a client with good 2 year tax planning and get her investment loss
for the sale of principal residence this year. Many many documentation works
to do. However, save her $30,000 on current year tax liability.
15k
【在 f**********8 的大作中提到】
: I bought my house in 2007, sold it in 2010 for $ 10 k less, and I paid 15k
: for agent commission. Can I claim the loss
: on tax return, the selling price and commission fee both? How do I do it?
: Thank you for your help
|
t*********r
发帖数: 276 | 5 download a full version of turbotax for free |
J*****i
发帖数: 2622 | 6 你们把personal residence期间的贬值算得rental property的basis里了？没用FMV@
time of conversion?
赶快跳槽吧，你们所quality control成问题。要不就多买保险。
works
【在 s******g 的大作中提到】
: For next time, 1 ~ 2 years before you sell your real estate, go to see a
: local CPA firm first.
: We have a client with good 2 year tax planning and get her investment loss
: for the sale of principal residence this year. Many many documentation works
: to do. However, save her $30,000 on current year tax liability.
:
: 15k
|
s******g
发帖数: 654 | 7 Don't worry. You just do not understand what tax planning/strategy is. We
and tax attorney cooperate for many cases every year. We have strong code/
ruling documentation to support every case. Very reputational in the local
community.
【在 J*****i 的大作中提到】
: 你们把personal residence期间的贬值算得rental property的basis里了？没用FMV@
: time of conversion?
: 赶快跳槽吧，你们所quality control成问题。要不就多买保险。
:
: works
|
J*****i
发帖数: 2622 | 8 Would you mind sharing with us how you got the loss in value on primary
residence realized as a loss on rental property?
在 skenyang (Licensed CPA) 的大作中提到: 】 |
s******g
发帖数: 654 | 9 When you gain some public practice experience in tax senior/manager position
after 4~7 years, you will learn how to prepare this kind of tax planning/
compliance. I think it is still too early. Besides, it should be investment
loss for a easy way to do. Why rental loss?Why rental property?
【在 J*****i 的大作中提到】
: Would you mind sharing with us how you got the loss in value on primary
: residence realized as a loss on rental property?
: 在 skenyang (Licensed CPA) 的大作中提到: 】
|
J*****i
发帖数: 2622 | 10 哈，被鄙视了。7+ public experice + MSA + MST,够不够条件和你讨论这个问题？
不管你是convert到rental property或者是hold for investment。 Basis in the
property都是less of your cost basis or FMV @ date of converstion. Personal
Residence 期间的跌价损失，在conversion的时候就蒸发了。你在原帖里声称帮客户把
personal residence跌价的损失节税合法弄回来了。请问，怎么操作？
上次你声称帮自雇（self-employed)客户把新买的BMW X5 6万刀整个section 179了。
我指出这个不符合automobile depreciation limitation 和 business use
percentage的规定。 你就左右言它，说有exception.
我追着你这么问，自己都不好意思了。如果你能就上面两个问题给出你的authority
ref。 (code section, IRS ruling, etc.)我当众向你道歉，并把所有的伪币转给你。
position
investment
【在 s******g 的大作中提到】
: When you gain some public practice experience in tax senior/manager position
: after 4~7 years, you will learn how to prepare this kind of tax planning/
: compliance. I think it is still too early. Besides, it should be investment
: loss for a easy way to do. Why rental loss?Why rental property?
|
|
|
s******g
发帖数: 654 | 11
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
If you are really good and confident, why you cannot know how to plan it?
It should be just a piece of cake for you, shouldn't it?
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
As a tax professional, you also should know your client pay you for the tax
planning. Should you sell it for free to others?
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
I know you are wondering how to do it. Too sad, these plannings cost real
dollar. Tax professionals should discuss/share it in the good seminars not
here. Big 4 have many good tax planning cases every year. We pay for it and
get the information/knowledge. That is right. We paid for it and used it.
When you are making money from your tax expertie and others can't, why you should share it with a stranger for free?
Good luck to you.
【在 J*****i 的大作中提到】
: 哈，被鄙视了。7+ public experice + MSA + MST,够不够条件和你讨论这个问题？
: 不管你是convert到rental property或者是hold for investment。 Basis in the
: property都是less of your cost basis or FMV @ date of converstion. Personal
: Residence 期间的跌价损失，在conversion的时候就蒸发了。你在原帖里声称帮客户把
: personal residence跌价的损失节税合法弄回来了。请问，怎么操作？
: 上次你声称帮自雇（self-employed)客户把新买的BMW X5 6万刀整个section 179了。
: 我指出这个不符合automobile depreciation limitation 和 business use
: percentage的规定。 你就左右言它，说有exception.
: 我追着你这么问，自己都不好意思了。如果你能就上面两个问题给出你的authority
: ref。 (code section, IRS ruling, etc.)我当众向你道歉，并把所有的伪币转给你。
|
J*****i
发帖数: 2622 | 12 您就继续卖关子吧。大过年的，我也不想和你吵。不过挣钱，我比你多一点点。
IRS 现在也assess tax preparer accuracy-related penalties，小心驶得万年船。
你的帖子，不会再回了。山不转水转，新年快乐，一路好走。 |
x******4
发帖数: 23 | 13 我来歪下楼。关于6万的宝马，if placed in service after 2010年9月8日, 100%
bonus depreciation适不适用，可不可以全部bonus, but not take sec179, or
passenger vehicles still have limit, like last year? Thanks! |
s******g
发帖数: 654 | 14
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
Yes, I am very poor. Just do not understand why ask these questions since I
think these questions are very easy for a first-year/second year tax CPA/
attorney.
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
That is right. Tax accountant/attorney need to keep knowledgeable in order
to stay in the business/practice. We have to comply with the law and update/
upgrade ourselves everyday.
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
Be gentle/mature, OK?
【在 J*****i 的大作中提到】
: 您就继续卖关子吧。大过年的，我也不想和你吵。不过挣钱，我比你多一点点。
: IRS 现在也assess tax preparer accuracy-related penalties，小心驶得万年船。
: 你的帖子，不会再回了。山不转水转，新年快乐，一路好走。
|
s******g
发帖数: 654 | 15 If it meets the exception rule, I may take it.
Good documentation is needed.
100% bonus depreciation is delicious for NOL.
【在 x******4 的大作中提到】
: 我来歪下楼。关于6万的宝马，if placed in service after 2010年9月8日, 100%
: bonus depreciation适不适用，可不可以全部bonus, but not take sec179, or
: passenger vehicles still have limit, like last year? Thanks!
|
J*****i
发帖数: 2622 | 16 bonus depreciation还是归Sec. 168管。大车小车都有bonus，还是limited，business
use % rule也apply。网上相关的文章很多，不想看code就狗狗一下。
当然了，你要是有指鹿为马，点石成金的本事，那就另一说了。
【在 x******4 的大作中提到】
: 我来歪下楼。关于6万的宝马，if placed in service after 2010年9月8日, 100%
: bonus depreciation适不适用，可不可以全部bonus, but not take sec179, or
: passenger vehicles still have limit, like last year? Thanks!
|
