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Tax Help (stressed out)

Tax Help (stressed out)

Old Apr 17th 2019, 3:10 pm
  #91  
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Default Re: Tax Help (stressed out)

You're correct.

Are you filing forms by hand

Get Turbo Tax and streamline it. You don't need that level of granularity.
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Old Apr 17th 2019, 3:21 pm
  #92  
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Default Re: Tax Help (stressed out)

Yeah I use TT, im just a bit too meticulous times and go over the doc.
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Old Apr 17th 2019, 3:28 pm
  #93  
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Default Re: Tax Help (stressed out)

Originally Posted by dee98 View Post
Yeah I use TT, im just a bit too meticulous times and go over the doc.

Understood.
I feel you'd also be well served by learning how to use the Google search service.
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Old Apr 17th 2019, 3:28 pm
  #94  
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Default Re: Tax Help (stressed out)

Originally Posted by dee98 View Post

I guess I'm wondering on Sch.B part3 q8 it would be "No" for a dormant pension or a pension that had contributions that was not a grantor trust. I know most US CPA's take the approach that they all are trusts which we know is not true!
correct, the answer is “No” to part3 q8
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Old Apr 17th 2019, 3:34 pm
  #95  
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Default Re: Tax Help (stressed out)

Dee has been told about 20 times that no, he does not have a Grantor Trust.
Yet he keeps asking.
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Old Apr 17th 2019, 3:41 pm
  #96  
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Default Re: Tax Help (stressed out)

Originally Posted by Hotscot View Post
Dee has been told about 20 times that no, he does not have a Grantor Trust.
Yet he keeps asking.
His name is Dee98 so maybe that is because he has to repeat himself 98 times, over multiple forums no less.
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Old Apr 17th 2019, 3:41 pm
  #97  
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Default Re: Tax Help (stressed out)


He's a character..

Last edited by Hotscot; Apr 17th 2019 at 3:46 pm.
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Old Apr 17th 2019, 3:46 pm
  #98  
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Default Re: Tax Help (stressed out)

Sorry guys, I got the gist of it I do understood all about the grantor trust etc now as previously mentioned, I just wanted to ask about the 2nd part of the question that was all if one contributed to a pension it would still be no which you both confirmed.

Cheers for replying durhamlad and hotscot.

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Old Apr 17th 2019, 3:48 pm
  #99  
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Default Re: Tax Help (stressed out)

Originally Posted by dee98 View Post
Sorry guys, I got the gist of it I do understood all about the grantor trust etc now as previously mentioned, I just wanted to ask about the 2nd part of the question that was all if one contributed to a pension it would still be no which you both confirmed.

Cheers for replying durhamlad and hotscot.

You're good, although I don't really know why you seek out these things to worry about.
It's a five minute form on Turbo Tax.
Even if you make mistakes, as many do, it's unlikely they'll come to light.

Ever.
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