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51. I lent money to my best friend 3 years ago when she started a business. Now her business has folded and she can?t pay me back. Can I take a deduction for this?Free
52. I'm 72 and need to take my required minimum distribution from my IRA by the end of this year. The value of my account is down dramatically. Is there anything I can do to reduce what I might otherwise have been required to withdraw?Free
53. I contributed $15,000 to a 529 savings plan several years ago for my child's education. He starts college in February 2009 and the account currently is worth only $13,000. When the funds are withdrawn to pay his tuition, can I take a tax loss?Free
54. I purchased commercial property that had a house on it. Can I take a loss for the difference between the appraised value and what I received?Free
55. I had converted my regular IRA to a Roth IRA and paid tax on $25,000. The account is now worth $80,000 and I want to withdraw $20,000 to pay off my credit card debt. Is the withdrawal taxable to me?Free
56. I deposited $15,000 with a builder to construct a new home for me, but lost it when I couldn't sell my old home and didn't go through with the construction. Can I deduct the deposit I lost?Free
57. I received $140,000 in tax-free income from a personal injury suit. If I give 10% to charity, can I deduct it?Free
58. My mother-in-law is 94 years old and receives income from pensions, CDs, and money market accounts as well as Social Security benefits. Does she need to still file a return at her age?Free
59. I am a legal guardian for someone. I incurred various expenses associated with the guardianship. Do I report my income and expenses on Schedule C?Free
60. My husband and I gave our son-in-law a car worth $24,000. Can we deduct this gift?Free
61. If I sell raw land, can I reinvest the proceeds in other raw land to defer any taxes due on the original sale?Free
62. I am 65 years old. Can I use the money in my IRA to make my monthly mortgage payments?Free
63. I receive Social Security benefits on behalf of my minor child because of the death of his father. Are these benefits taxable?Free
64. I have a domestic partner who lives with me. I pay more than half of her expenses for the year, including all of her food and shelter. Can I claim her as a dependent?Free
65. My partner and I own a home together. We each file as single. How do we deduct the real estate taxes and mortgage interest?Free
66. Can a person work for a company and also be an independent contractor for the same company?Free
67. I have a 17-year old daughter living at home who is a high school senior. Can I claim an exemption for her?Free
68. My husband and I built a new home four years ago and sold it this year at a loss of around $35,000. My taxman said we can?t deduct this. Is he correct?Free
69. Is my premium under COBRA deductible?Free
70. I own rental real estate and paid a plumber to fix a leaky water heater. It couldn?t be repaired and had to be replaced. How do I treat the cost of the new tank and the labor charge?Free
71. If I sell my house, is there any limit on the number of acres that can be part of the sale for purposes of the home sale exclusion?Free
72. Is the rebate check (called a "stimulus payment") that we receive in May under the Economic Stimulus Act taxable income to us? Do we have to report it on our 2008 income tax return?Free
73. Can I deduct my commute from my home to a worksite?Free
74. An S corporation is going to purchase a car that is going to be used around 80% for business. Does the S corporation depreciate only 80% of the car?Free
75. Can my family-owned corporation (C corporation) sponsor my education?Free