Investment and Financial Markets

Learn how to determine or estimate the cost basis of investments when records are missing, ensuring accurate tax reporting and compliance.

Learn when you need a new EIN, when your existing one remains valid, and how to verify or replace it for compliance with IRS requirements.

Learn how real estate agents can navigate tax deductions for vehicle purchases, including key methods, documentation requirements, and IRS guidelines.

Learn how casualty loss deductions work for rental properties, including eligibility, calculations, insurance impact, and tax reporting requirements.

Learn when you may need to repay Covered California subsidies, how income and family changes affect eligibility, and what exemptions might apply.

Understand how short-term rental losses may offset ordinary income based on tax classification, participation level, and applicable deduction limits.

Learn why your Wells Fargo 1099-INT form may not be available online and explore steps to confirm delivery preferences, access options, and request copies.

Learn which education expenses may be tax-deductible, what costs don’t qualify, and the key factors that determine eligibility for potential savings.

Learn how a Wage and Income Transcript can help with tax filing, its limitations, and how to ensure accuracy when using it to report income.

Learn the key factors that determine if you can claim your brother as a dependent, including financial support, residency, and tax filing implications.

Learn how wash sales impact your tax reporting, affect capital loss deductions, and require cost basis adjustments to stay compliant with IRS rules.

Learn how to determine if your cell phone expenses qualify for a tax deduction and the records needed to support your claim.

Learn how to make pre-tax contributions to an IRA, including eligibility rules, deductibility limits, and how it interacts with employer-sponsored plans.

Learn how streamers should report donations for tax purposes, understand income classifications, and explore deductions to stay compliant.

Claiming a dependent by mistake can affect your tax return and may require corrections. Learn how to address the issue and navigate the IRS review process.

Understand how unemployment taxes apply to self-employed individuals, including state requirements, voluntary coverage, and business entity considerations.

Learn how to accurately report capital gains on your tax return, differentiate between short- and long-term gains, and apply strategies to manage tax liability.

Learn how Social Security benefits impact your eligibility for the Earned Income Credit and what factors determine whether you can claim it on your tax return.