U
    This sentence is incorrect I believe
    user-22945 - 05/7/2020, 1:10 am
    “If married at end of year, the smaller of taxpayer or a spouse’s earned income for the year”
    1
    N
    Home improvement and depreciable asset
    Niyi-Oluini-41018 - 03/27/2020, 7:44 pm
    The question did nor indicate if the outdoor porch is detached from the house, if the porch is a constitutes improvement to the main home, why is that not part of the house, and an addition to property value? Why is it being treated as a separate asset?
    1
    N
    ALE's and Minimum Insurance Coverage
    Niyi-Oluini-41018 - 03/23/2020, 5:35 pm
    How did you arrive at the number 30, regarding employees not covered by the ALE, is there a IRS ruling for ALE's that supports your calculation of deducting 30 from 56, hence the coverage for 26 employee?
    1
    S
    Question about DNI and actual amount distributed
    Sejoon - 03/22/2020, 12:32 pm
    In the question above, the question mentions that the actual amount distributed was $7000. Then why would the beneficiary report the income as $8000(the DNI amount) when he or she has actually received $7000?
    1
    U
    IRA deductions
    user-27006 - 02/18/2020, 5:11 pm
    It seems that the following in the EXPLANATION must be corrected: "and their MAGI is $189,000 or less (assuming all other requirements are met) for 2016."
    0
    U
    Is the answer correct?
    user-20244 - 02/17/2020, 6:24 pm
    The explanation doesn’t make sense to me.
    0
    Passed the last of 3 exams today.
    Tom-65170 - 02/12/2020, 3:11 pm
    Big thanks to EnrolledAgentExam.com! At minimal cost compared to other study courses, I passed all three exams within less than 2 months and got high scores.
    2
    Capitalization of real estate taxes?
    Tom-65170 - 02/4/2020, 11:30 pm
    In this exam question, the partners exchanged like-kind business real property, and paid, but were not reimbursed by the prior owner, for unpaid real estate taxes. The correct answer capitalizes the taxes along with the basis of the building. Is this incorrect? I read on one of the practice questions that real estate taxes cannot be capitalized, they need to be expensed. Which is correct?
    0
    Double-counting of liabilities
    Tom-65170 - 01/24/2020, 12:54 am
    "His current adjusted basis in the partnership is $50,000, which includes his share of partnership liabilities of $10,000." If the above INCLUDES his share of partnership liabilities of $10,000,( (total basis of $50,000 =initial investment of $40,000 + $10,000 partnership liabilities), then why is the answer adding another $10,000?
    0
    qualifying child for child tax
    Xue-48452 - 01/9/2020, 2:29 pm
    I think Mary could get an additional $500 for the child aged 17, without being a qualifying child,he is a qualifying dependent, am i right?
    2
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