Recent content by taxcurious

What is the name of your state? CO My husband was scheduled for surgery. He told his employer that he needed one week off for the surgery and then two more weeks where he could not travel because he could not do heavy lifting (suitcase, computer, etc.) His employer told him he had to take STD...

What is the name of your state? CO I have a question involving temporary contract work. I was hired as a contract attorney (obviously not in employment law) by a large publicly traded company. My contract was at-will and anticipated to last a year working on a specific project lasing five...

What is the name of your state? CO What exactly is the rule for depreciation recapture in the following scenario: taxpayer lived in the home 2 of the last 5 years taxpayer then rented the home and claimed depreciation as a deduction taxpayer sold the house within the 5 years Is the...

What is the name of your state? CO My husband and I both have Visa cards that pay cash dividends. Is there any rational basis for excluding these dividends as taxable income?

What is the name of your state?CO My husband invested $25,000 several years ago in what was supposed to be mortgage-backed loans. When his investment matured in 2004, we paid taxes on his $25,000 profit. He rolled the $50,000 over into a new investment at that time. We have paid estimated...

What is the name of your state?What is the name of your state?CO I would like to purchase a traditional IRA. My husband is covered by a pension plan at his work. I have been working at a temp job for the last six months. It appears we meet the AGI guidelines for me to qualify for tax...

Thank you.

Does anybody know how these bonds work after the owner's death? Assume his spouse inherits them. Thanks.

As Snipes said, if they lived in the house for two of the last five years they can exclude up to $500,000 gain if they file MFJ.

What is the name of your state?CO My brother-in-law recently passed away. He and my sister owned several Series EE and I bonds jointly. I'm assuming that she will be taxed on all the interest on maturity dates as ordinary income no matter how long they were owned. Is that a safe assumption...

But you still live there.

What is the name of your state?CO. I am going into business as a self-employed independent contractor. My first job is scheduled in January so I will not see any revenue until after the first of the year. However, I have spent money in 2004 setting up my home office, bought supplies, etc...

Yes, but shouldn't the daughter's portion be a gift, not an original conveyance to joint tenants?

Why isn't the basis 50% stepped up basis at the time of death plus 50% carryover basis on the date of the gift?

What is the name of your state?Colorado I filed a claim with some movers for damages to my property they caused during the move. I filed this claim two weeks after the move. They were supposed to contact me in writing within 30 days. That would have been a couple of weeks ago. I had been...