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I googled it. So, I would say no. https://www.municipalbonds.com/tax-education/tax-exemption-from-state-income-taxes/ One of the advantages of municipal bonds is that they are free of state income taxes. As a general rule in most states, if the bonds are issued in a particular state, they are exempt from that state’s income taxes. For instance, a bond issued by a municipality in New York will be exempt from New York state income tax. Since there are 50 states plus D.C. and territories such as Puerto Rico, the U.S. Virgin Islands, and Guam, it is not possible for us to go over examples involving each state. As such, we’ll go over some basic concepts and cover only certain states in this article. First, having the benefit of not paying state income taxes on top of not having to pay federal income taxes increases the taxable-equivalent yield. The higher a state’s income tax, the greater the likelihood of in-state buyers buying their state’s bonds. Conversely, states without an income tax have to offer slightly higher yields to attract both in-state and out-of-state buyers.

The alimony began with the separation in 2018. I'll get the documentation and see if there were any changes or if the separation agreement carried on as the divorce decree. Thanks so much!

I'm just getting to this return. I'm going to file MFS, paper return with "NRA" handwritten for his SS number because Taxwise doesn't have another way to print it on the form. I will also attach a "preparer notes" form with my statement regarding the spouse, and why the SS isn't required. I am not filing her as HOH with her son who is in college because the husband supports the household from England, his home. He only visits a few times a year. Thanks for all your help.

I got it. Sometimes you just have to call!

Thanks for the reassurance!

Arm Candy, Baby!

I have 2 clients with strange incomes this year. My military Don Juan bought a home near the oceanfront. He also has another house he is fixing up to sell, from his first marriage. He and new wife moved into the new house near the ocean. Don Juan has many studdly military friends who come to this military area on temporary duty and for time off, both. He and wifey have taken to hopping in the 2nd house and renting the oceanfront house to friends on temporary duty/leave sporadically during the summer. Off the cuff, I told him the income was straight income, no expenses, "rental of personal property." (No services provided) Am I doing him a disservice? Or am I right? In the other situation, my retired lady signed up with AirBnB to temporarily rent a room. It went over 14 days, (17 days) and grossed less than $2k. I was going to treat hers the same way. She provided breakfast, but no real services. I think I'm right in both cases to put it on L 21 as "other income" and move on.

thanks!

Wow, thanks for all your input! I just got back to this. I agree with @Terry D. Clients like this are why I drink. Not really. Fine wine is the reason I drink... I'll prepare the return as is. I'll deal with insolvency on the date the debt was cancelled. And I should get a snapshot of the insolvency on the date of the sale in case that is the date of forgiven debt... if it is forgiven... if the 1099C is ever issued. I feel like a dagger is coming at me. I don't own this. I don't own this. I don't own this. Ok, I'm ok. breathe..... Those worksheets are a beautiful thing, aren't they? Thanks. So. Much.

My clients had a rental and they sold it as a short sale. The loss is on the sale is $46k. They sold it in April 2018 and said there would be no 1099C issued, but my clients aren't real smart. What should I do when all I have is the closing papers, and the price is clearly a loss? What if they get a 1099C and I have to claim cancelled debt? If anything can go wrong, it will. These clients always bring drama to the simplest situations, so this will bomb on me, I just know it.

OMG that's the saddest thing I've heard all day.....

It was THAT BAD! LOL

Well, let me wrap up this poop-show for y'all. Try not to laugh. While I am having my "come to Jesus" with my clients, and they are giving me grace and love, we are discussing 2 years of returns and withholding on W2's that are whacked, and my computer freezes. They are talking and I'm trying to talk to them and I realize it's my mouse. I change batteries and still nothing. I grab another mouse and it works. Now, my keyboard isn't working. I change batteries (we are still talking and they don't have a clue what I'm going through) when I spy battery "ash" in the keyboard battery holder. This pack of batteries is old. Ancient, in fact. I toss them all and replace with fresh. My world is right again. It felt like a very bad "I Love Lucy" episode! by the way, I use the wireless keyboard and mouse because I have a kangaroo desktop that rises, so they can't be wired. I do keep tons of batteries, I just need to stock them FIFO! So, today I am amending and writing a fat check. They'll pay me back eventually. Thanks for all your kind comments.

My client has about $1600 in MD gambling winnings and of course is required to file! Problem is that I can't efile without an address and a MD code. What do I use? She doesn't live there, doesn't work there, just won some money there.

That is correct.

Thank you! I don't have time to post my opinion, but I hope VA spends their windfall well.

I do use the comparison, and I'm sure I looked at it. They had 3 W2's and I thought it was his. I really did check it, and thought it was his. I always compare year to year. Oh well, clean it up, and move on. Like you said, it's an easy mistake to make. When you are doing the volume I do, there will be an error or two. But no error is ok with me. None. I need to pull myself out of this funk. I can't let this defeat me today. Thanks for the input. I appreciate it.

I just noticed that the wrong spouse was credited with a W2 last year on the tax return. A question regarding the hsa came up, and that's when I noticed it. The IRS gets the actual W2, so I don't think it matters on the tax return, but thought I'd ask. No tax credits or ripple effects happen IN the return, so there's no reason to amend it. I just want to be sure the right person gets credit at the IRS. edit; Welp, I was so wrong. By marking the wrong spouse on that W2, they received overpaid SS withholding, and now they owe money back to the IRS. Like... $3k. I'm gonna be sick.

https://www.google.com/search?q=tax+deductible+hud+fees&rlz=1C1FLDB_enUS527US719&oq=tax+deductible+hud+fees&aqs=chrome..69i57.6191j0j7&sourceid=chrome&ie=UTF-8 Closing Cost Deduction HUD-1 Line # Closing Statement Description Tax Treatment - Personal Residence 802 Loan Discount Deductible as itemized deduction ('points') on Form 1040 schedule A 803 Appraisal Fee Basis 804 Credit Report Non-deductible 805 Inspection Fee Basis

Points and Origination Fees are considered interest, thus deductible. If it is not another form of interest, I don't see how it is deductible.

Am I wrong? I thought the full credit was allowed as long as it was paid with "basis" in the account. Only the portion paid with tax-free interest would offset the education credit.

https://www.savingforcollege.com/articles/ask-an-expert-american-opportunity-tax-credit-765 It looks like the basis can be used, but when you get to the tax-free interest in the account, you can't double-dip the benefit of the tax credit and tax-free interest.

Off the cuff, the 529 plan contributions were never deductible, so I believe as long as the distributions were used for college, we can still take the education credit. I've given a glance to a few sites, and don't see anything counter to this. My clients that saved with 529 plans make too much to get the college tuition deduction, so it doesn't really matter in that case.

The parent with whom the child lived over half the year (where the child laid his head) wins the head of household filing status. If the divorce papers say they alternate claiming the child, and one parent is the primary custodial parent, that parent signs the 8332 giving ONLY the exemption to the non-custodial parent. HOH wins EIC and dependent care credit while the "exemption" wins the CTC. I always get an 8332, and if I can get one signed for "every other year" or "every odd (even) year" or "EVERY FOLLOWING year" I do. Whatever the initial papers designate.

After being marked for life with terror at the NATP conferences, I am asking for anything with the child's name and the parent's address. I too, know all of my clients personally. The ones having babies now are the ones I "raised" in my office for the most part. But I still get something. Anything. Child care reports, report cards, doctor records, even the 1095's have the kids' names and the parents' addresses on them. NOTHING proves beyond a doubt that the child laid his head on a pillow under that roof for over half the year. NOTHING. It has not been awkward for me at all. I get something to scan in their file and charge them extra for doing it. My new $600 scanner is the bomb, by the way. Canon DR C-240. @RitaB AmIright?