You should contact a CPA familiar with the retention --- someone in Puerto Rico would be more likely to know about this than someone in...

It sounds as though you need to take your tax documents to a CPA and have a professional prepare your returns for you.

That's the problem with these online things ---- total lack of communication. Next time, go with a real broker who you can call on the phone ---...

If you are talking about state/local income taxes, then in theory it's deductible. However, the $10,000 cap still applies.

You cannot get income tax refunds for years prior to 2020. It is unlikely that you would benefit from filing amended returns for 2015, 2016,...

Your situation is not uncommon. You must file income tax returns for both states, but one of the states will give you a break on the tax that you...

This sounds like a TERRIBLE idea. Talk to a CPA and find out if there are better ways to say $ on your tax bill.

Since 9/11, foreign property transfers are subject to a host of reporting requirements, and the penalties for non-compliance. Talk to a CPA ---...

If you bought the property, then your tax basis is what you paid for it. You do NOT get the basis step-up. Recommend you talk to an expert...

Hopefully you mailed in your 2021 return using certified US mail, with a return receipt (green card). If you did not file using certified mail,...