Where do you document the gifted income so my AGI on 1040 shows it or do I add it on the 8962 Form in the Modified AGI for PTC

Gift is not taxable income. Just a tip: if your dad gives you more than $14,000 in a year, he will have to file a gift return.

Where do you document this gifted income so my AGI on 1040 shows it which will be included in the modified AGI on the 8962 Form

Gift is not taxable income. Just a tip: if your dad gives you more than $14,000 in a year, he will have to file a gift return.

Can I claim yard sale profits as income on my 1040's?

Whether Schedule D applies depends on whether you owned the items for personal use/investment, or you sold them in connection with a trade or...

If I file state tax return as non-resident, will the non-resident status affect my naturalization?

From the tax perspective, whether you are a CA resident is not only dependent on the number of days you are in this state. The key word is...

How would converting 9 "Whole Life" insurance policies into one "Universal Life" policy impact me now and upon my ex's death?"My

You should speak with a financial advisor and/or the attorney who handled your divorce.

Executor of will?

Please accept my condolences. I understand that the situation must be stressful. I am only making general observations. Under normal situation,...

When do you have grounds to try a push for a legal settlement? Is it legal to not be transparent about fees/charges?

I assume that you signed the contract in California. California has laws governing interest rates a financing company can charge, and it also has...

What action or recourse is available when dealing with a delayed disposal of a piece of property from parents.

You should consult with a trust attorney to review the terms of the trust e.g. what duties/powers the trustee has, any provisions governing the...

Is the bank saving interest (Form 1099) a taxable income for both of federal and state tax return?

If it is regular interest income from a savings account - 1099-INT, it is taxable - both federal and most of the states (some states do not have...

If he simply stated that he wished to withdraw with no added explanation then it is not unusual.