User talk:Cotopop

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Discussion:1099R Code 7 distribution

HI Thank u for your reply to this post and the information.

OK, not a schedule D item.

The IRS has sent her a notice that they intend on 'adjusting her 2006 income' to reflect this ~121K in retirement income resulting from the sale. Accordingly, she needs to file an amended 2006 to reflect this. At this point I do not understand how or where the sale / income is reported, and how to take into acct the cost basis for the instrument. Putting the issue of deducting the los aside for a minute, the primary conceern is that she not end up with a tax liability for this loss-making transaction. Could you please comment.

The fundins at time of purchase was from money she had in a brokerage acct; not from income. I am not sure what other necessary info you were refering to, but would be happy to supply.

Thank you

Your discussion was blank

You started a discussion about two hours ago, titled "Heloc Mortgage interest paid by son," but it had no question, so I've deleted it. That way, if you come back with a question you can just create a new discussion and it won't look old.

Trillium 21:45, 12 May 2009 (CDT)

Small S Corp Accounting referrals  : )

Hello, Tom! (my son's name also) I'm glad I was right on where you are seemed it had to be there since you said Orange County. I would definitely be interested in accounting work for any small corps that are in need. I worked my first accounting job for a CPA during school in 1968 and worked my way up to a couple of nice Controller positions in small to medium sized companies over the years. I took a break for a few years to raise my kids, and then started my own business about 6 years ago. I just got my CTEC a year ago, and am currently studying for the EA and would enjoy hearing how you passed all three at once! Quite commendable!  : ) I'm using FasTax and Gleim loaned by a CPA friend. I can be reached at (no web page yet...) or 949 305-6407. Thanks for your interest! : ) chris OCNumberz 13:44, 30 September 2010 (CDT)

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