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Thanks, it's nice to see that arrangements have been made to treat domestic help like real human beings.

I love your video series on residential rental properties. I wish you the best!

Do you have more withheld filing head of household

Since I’m still legally married but broken up for a year now, can I still claim my kids for EITC? We don’t live together, my 2 kids live with me for the whole year, it’s my 2 children’s and none are his. And should I file my taxes as married filing separately or head of household?

If my husband is 64 and receives disability is he able to use form 1040 SR?

Thank you Sir.

Great video, but it could be so much better . Might I suggest answering some of these great questions!!

Hi im single, and claim my mother as a dependent. My sister and her husband do their taxes together and i file separately with my mom. One tax place told me only one party in under the same home can file HOH and now another tax person told me i can file HOH because i claim my mom as a dependent. So confused, thank you for your video and and and your willingness to clarify my confusion. 😊

Can you explain exactly what is "Qualified business income"? is its net rent, or net income?

great video sir! i need your help, I am recent sub of yours, and I am itemzing deductions for 2020 , but I want to carryover 2020 , 2021 margin interest from previous years, which took the standard, so i never used it, and margin interest , plus 2022 taking margin deduction( i had more investment income to surpass my margine for each years , so for example I made 50k in capital gains each year and had margin interest 15k each year), will the IRS audit me? they dont say nothing on form 4952, askign if i took the standard in previous years, i feel like i am double dipping, please help, thank you!!!

Is this 250 hour threshold for "each property" or 250 hours "cumulative" for all included properties. In other words if I have 10 properties, do I need 2500+ hours total or 250 for all included properties?

Hi, my boyfriend and I live together and we have a 1 year old. I pay for more than half of the home expenses. Is it a good idea for me to file as HOH and my boyfriend as single? Thanks!

My daughter was so excited she did her own taxes she lives with me but she’s 18 her birthday in July so she was still under 18 most of last year I can I claim head of household or even claim her. She said she put no one can claim her on her taxes

I am a single mom of twins (12yr old) that live with me, but for the past 5 years my ex claims one, even if I have given a IP pin through IRS, eventually I get my tax income credit but it's just a hassle, takes 8 months sometimes. So my question is, should I ask for two pin numbers?

We are still legally married but have lived apart in two separate houses for the whole year. Our college age children on paper live with me (school address is mine, doctors' bills, drivers license etc) but in reality spend most of their off days with the other parent. I pay for most of their bills for school, medical, food etc. Can I file HOH? Could we possibly split children and both file HOH? If only one can file HOH, does the other have to be married filing separately? Thank you much

Do you have a video speaking to the short term rental (Airbnb/VRBO - 7 days or less) considerations?

Me and my son live with my parents since I am unable to afford my own home at this time. I work full time and support my son 100%. Am I able to file for hoh?

Thank you.

I have a piece of land I’m selling. I want to purchase another piece of land that joins my existing farm. Could I do a 1031 exchange.

p♥r♥o♥m♥o♥s♥m 🌟

Been waiting for a new video! Thanks and have a Happy Thanksgiving!

Michael, when did Oskar, Angela, and Kevin bring you into the accounting department? Who’s the new manager of Dunder Mifflin? I hope it’s not Dwight! Jokes aside, thank you for this video!

Thanks

What about the sale of the real estate. Do those gains count?

I paid taxes as single last year but I didn’t know that I could have done taxes as HoH

Hello!!! Interest expense on an investment loan for an investment property that you rent out. Assuming that's deductible, is there a limit?

IT IS NO DIFFERENT????? IF THE FEDS WANT THEIR PART THE WEED SHOPS SHOULD GET ALL THE BENIFITS, THERE ARE COUNTLESS FEDERAL BENEFITS OUT THERE, BUT WEED SHOPS GET NONE OF THAT, AND YET THEY HAVE TO PAY MORE. EXPLAIN TO ME HOW THAT IS NOT THE CLEAREST EXAMPLE OF TAXATION WITHOUT REPRESENTATION.

I have my girlfriend living with me and my new born and she’s currently not working and I’m paying over 50%+ of bills, do I qualify for hoh?

Ty

Can you get back pay from a dependent you didn’t know you could’ve added as a dependent last year (Filing as HOH)? 🤔

Do I file HOH if my adult child lives with me? She works part time but I pay all the rent, the electric bill and pay for all the groceries. She wants to claim herself on her taxes.

That was super helpful. Thank-you.

Hello, how do I report the sale of a house that was the primary residence for 6 years and then was turned into a rental for 19 years ? Specifically, how do I prorate the 6 years as primary residence ? Is an exclusion possible for the years as primary residence ? Thank you

What if I’m allowed to claim one child in the divorce decree but they live with custodial more time out of the year? I’m 5 months she’s 7 and I was audited. I claimed HoH but was audited should I amend it or did I file incorrectly in your opinion? So far it’s stopped me from getting taxes for 2020 and for this most recent tax year 2021 it’s been rejected because I need to file form 8332. Hopefully you could point me in the right direction as I can’t get in touch with the IRS and TurboTax isn’t any help. I’m really at a loss as what I should do because it’s a bit of money owed for 2020 and 2021

Can you do more marijuana videos ,my fathers interested in getting into the business, he got the land and the permit to cultivate but don't know what to do next or what's to come ,any advice

Nice video. I like the cash method because I feel like it gives me some control of how much income I show in the year. If I need to show more income I can carry a credit card balance and pay it off in the next year. If I want to show less income I will try to create more expenses in the current year by buying stuff I will use quickly in the next year.

1:58 did you mean the opposite?

I am unmarried and provided more than 50% of the expenses in the house (rent, bills, food). My parents they both l8ve with me. My father filed married filing jointly. Can I file as head of household showing my mom as a dependent/supported?

We are passive investors in a real estate deal (100k) and received a K-1. There was a loss of 58k because of accelerated depreciation. Our accountant put the K-1 form in and now we owe more money on our taxes because it reduced our income, so we have less to deduct from the QBID. This doesn't seem correct. I've done significant research, but it is a bit confusing. Even though the enterprise that we invested in qualifies for QBID, we are passive and limited partners, so I don't think it should go against our active income.

I am still married (not yet divorced), but I meet all the qualifications for HoH. I assume my spouse must file as "Married Filing Separately". We lived apart the entire year, both of us residing in California, a community property state. Her wages and my pension are considered community income, but we did not comingle our finances at all; I took no part of her wages, and she took no part of my pension. Must we still combine our community incomes the same as we would if I was filing "Married Filing Separately"?

Hi I just want to clarify if I could apply as the head of the household, married with 2 yrs old child my husband and baby has no SSN yet we are still in the process of our residency. I am here as working visa.

If my rental property is being managed by a property management company, can I still claim QBI?

Thank you buddy.

Hello - Thank you for the informative video. I have one question regarding standard vs itemized and the carry forward of margin interest in brokerage accounts. If my Standard deduction is higher than my interest expenses, can I carry forward those interest expenses to a year when I chose to do itemized deductions or do I lose the option to carry forward those interest expenses if I chose Standard deductions in the year that those interest expenses were created?

Thank you very much for posting the video. I watched it a couple of times and now I have a much better understanding of the various depreciation methods. I have a question on Section 179 deduction and Bonus Depreciation. We purchased a 5-unit apartment complex in December 2020. In 2021 we replaced the roof and water pipings with copper. We would like to write off 100% of the costs of those two items in 2021 (~20K for the roof and ~15K for the copper piping). Since we do not have a profit (we have a net operating loss in 2021), can we use the Bonus Depreciation to deduct 100% of those costs in 2021? I am using TurboTax to do our tax and I could not get it to work that way. Thank you.

Looking for clarification on head of household in a situation of 50/50 custody. All 3 criteria are met - not married, 50% of maintaining a household, qualifying dependent. The question mark is on which years the HOH can be claimed. The divorce agreement states to alternate claiming the dependent every other year. Do you claim HOH every year, only on “off” years when not claiming the dependent, or only for “on” years in which the dependent is claimed?

My son made 34000 this year does he qualify for the EITC?

I went the stupid route and didn't get a small business license when I started mining a year ago, and to be honest I'm sort of stuck now. Can I still claim all my electric, hardware, etc if I'm not officially a business? What would I even file as? I have a job also so employed? Self employed?

Hi, I am living with my spouse and child in the same house. I paid more than half of the rent and expenses. Can I claim as a head of the house hold? And Spouse can file as single. Please advise.

im unmarried but living with my fiance and infant. i can claim hoh and she can claim the child as a dependent correct? or does HOH have to claim child as well?