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Latest Discussions

  • Posted in: Tax Talk

    Client has home that is his principal residence with an outstanding mortgage of $400 K.  He and his wife have had it for several years.  They have now purchased a new 2nd home with a mortgage of $750 K. ...

  • Posted in: Tax Talk

    Bill, The non-deductibility of deductions subject to the 2% floor does apply to the 1041 for trusts and estates.  In fact, the line for those deductions does not exist on the 1041 this year. What is ...

  • Posted in: Tax Talk

    ​My experience is the same as Christine's.  We have numerous large retirement communities in our area that offer several levels of care - independent living, assisted living and skilled nursing.  The residents ...

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