culture
Can you claim capital loss on land?
Capital Losses If you sell capital property such as land, jewelry, securities or a range of other items at a loss, you may be able to claim a capital loss...
Read Journal 
culture
Is RMD age 72 permanent?
Retirees who turn 72 this year can take the distribution at any point in the year or even delay it until April 1, 2022. If you do wait until next year, yo...
Read Journal
environment
Who Must File PA 40?
Every resident, part-year resident or nonresident individual must file a Pennsylvania Income Tax Return (PA-40) when he or she realizes income generating ...
Read Journal
education
Are amounts reported on 1099-LTC taxable?
For Contracts That Are Not Tax Qualified: We are required to report to the Internal Revenue Service on Form 1099-LTC the gross amount of long-term care be...
Read Journal
health
Can a teenager choose their guardian?
It’s legal to choose a different guardian for each child. You can even create more than one guardian for one child, though this has the potential to creat...
Read Journal
local updates
How do I fix error 1722?
Method 3: ReRegister the Windows Installer Close all the running program. Open Run command. Go to Start > Run and type “msiexec /unregister” (without q...
Read Journal
technology insights
How do I report a Qbi on a K-1?
To enter the Qualified business income (QBI) information from Schedule K-1 in TaxAct: From within your TaxAct return (Online or Desktop) click Federal. Cl...
Read Journal
local updates
Why did I get a W-2 from another state?
As you already figured out, if you work in more than 1 state, sometimes they will give you another W2 with the extra state information on it and the top p...
Read Journal
culture
Can a husband and wife own a LLC?
A husband and wife owning an LLC in a community property state can be considered one owner, or in the case of an LLC, one member and therefore become a di...
Read Journal
business
How can I get bank records older than 7 years?
You need to contact the bank and ask. Banks do keep records typically going back 7 years, though bank policies vary.. Twenty years back would be unusual. ...
Read Journal