I am on vacation skiing before the season ends. Unfortunately, this means I won’t be doing my taxes on time. Looks like October extension for me. I think what I’ll do is before October, I’ll file as I normally do, and then I’ll file an amendment with QBI later, after I talk to an accountant.
From what I can tell, the homes don’t need to be held in any specific entity, like a corp, LLC, etc… Can someone confirm this from a CPA? If not, I’ll ask when I go in…
There’s a couple of other questions I wanted clarification on related to the new tax law changes…. For one, I’m.sitting with a lot capital gains in a 529k account that I want to take distributions now for my nieces and nephews attending k-12 private school, and wanted to confirm one more time I can gift that tuition to them and their parents gift my kid back below the estate tax threshold.
oh, and for the first time in a long time, I don’t owe taxes, I think I get a refund. I don’t know what changed…. maybe my taxes went down this year…..weird
