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What real estate taxes can I deduct on my return?

estate was made uniformly on property throughout the community. The proceeds from paying these taxes must be used for general community or governmental purposes. If your mortgage payments include your real estate taxes, you can only deduct...

Form 5329 - Exceptions to Early Withdrawal Penalty

in or after the year you reach age 55 (age 50 for qualified public safety employees). 02 Distributions made as a part of a series of substantially equal periodic payments (made at least annually) for your life or the joint lives of you and your...

How do I deal with a 1099-Q Coverdell ESA distribution within the TaxSlayer program?

Income Menu > Enter Myself > Other Income > Payments from Qualified Education Programs. What effect will this have on your return? If your qualified education expenses are equal to the distribution, generally none of your earnings......

New Jersey Property Tax Credit

due. The credit increases the total payments and/or credits. These payments and/or credits are subtracted directly from your tax liability. Eligibility Requirements - To be eligible for a property tax deduction or property tax credit: You...

How do I report my 1099-MISC in my TaxSlayer Account?

information regarding royalty income, you can also refer to the Schedule E Instructions . For royalties on timber, coal, and iron ore, see IRS Publication 544, Sales and Other Dispositions of Assets . Box 3: The amount shown may be payments......

Virginia Deductions from Income

Prepaid Tuition Contract Payments and Savings Account Contributions –Code 104 If you are under age 70 on or before December 31 of the taxable year, enter the lesser of $4,000 or the amount paid during the taxable year for each prepaid tuition...

On my 1099-R, what do the codes in box 7 mean?

under age 59 ½) 3 Disability 4 Death – regardless of the age of the employee/taxpayer to indicate to a decedent’s beneficiary, including an estate or trust. Also used for death benefit payments made by an employer but not made as part...

Foreign Taxes NOT Eligible for a credit?

to periods totaling more than 366 days. See section 901 (k)(3) or Publication 514 . 4. Foreign taxes withheld on a dividend to the extent that you have to make related payments on positions in similar or related property. 5. Foreign taxes...

Federal Reject Codes - Modernized Electronic Filing

for this error is to go to the California State return and select the "Payments" section. Go to "Withholdings from Form 1099" and change the Form Type to "Blank" and delete the "withholdings" you have entered. Select "Continue to Next Step...

What do I do with this tax form I received?

1099-G for a Refund - Certain Government Payments Schedule K-1 (Form 1065) 1099-G for Unemployment Compensation Schedule K-1 (Form 1120S) 1099-INT Interest Income Form 1310 - Claim Refund due a Deceased Taxpayer 1099-MISC Form 2441 - Child...