I received a 1099-R from my deceased spouses account.  No funds transferred hands; it was just converted into a new account.  It seems that this should be considered a rollover.  Is this a good assumption?
201402
I would need a lot more information (and to do some research) before answering your question in full, but one thing you should check is the box labeled 2a (on your 1099-R) - Taxable amount.  If there is a number other than zero in that box, then the institution thinks that amount is taxable income to you.  If there is nothing in box 2a but box 2b is checked, then you may still have taxable income.  Depending upon when the distribution was made, you may still have time to cure any tax problems, but you need to get yourself to a qualified advisor.  Don't assume anything!
422962
When you sell the ETFs after a year, you get LTCG treatment.  When you get a distribution from your holdings (without selling), usually most of it is qualified dividends if the distribution mostly comes from dividends from stocks rather than REITs or interests.  Your 1099-B will tell you how much of each distribution is qualified dividends.  Non-qualified dividends are taxed at ordinary income rate.
642448
if you are the spouse and named as the primary beneficiary (not the estate), you can do a 'spousal rollover' into your own IRA and take the $ out over time or at your convenience. \n\nIf you are over 59 1/2 yrs old, distributions will not be subject to penalty. IF you are under 59 1/2, you can can substantially equal distributions over your lifetime and not pay a penalty. \n\nGetting money out of the IRA will always have income tax associated with it (unless the contributions were non-deductible).\n\n--\nAny tax advice included in this written communication was not intended or written to be used, and it cannot be used by the taxpayer, for the purpose of avoiding any penalties that may be imposed by any governmental taxing authority or agency.
488465
There is always a remainderman (-person, -enttity) following a life estate.\n\nThe right, power, title, freehold, etc. can revert or not; that's a separate issue.\n\nYou have given (gratis?) the usufruct (well, if you lived in Louisiana you'd know what that means) -- the right to use, etc. for life -- to your mother.\n\nOf course that could be a "fraudulent conveyance" if you had creditors; and it could be counterproductive in that there will be no step-up in basis the way there would if you inherited land from your mother, etc. Nor is there an Internal Rev. Code Sec. 121 principal residence exemption from capital gains tax up to $250,000 etc.\n\nBut I assume you had professional advice. And that this is not a QTIP or anything like that.\n\nDon't let jargon worry you. Unless you drafted the documents yourself at home, or downloaded them from the Internet.
644637
My wife passed away last year so when I was competing my Form 1040 I found no distinctive information on how to claim her for last year so I called IRS. A woman explained exactly what I was to do and accomplished just that on the form in front of me while conversing.\nThree to four weeks later I received my refund check and it had my name and my wife's name on the check. The following day I called IRS to inquire what I should do to get the check re-issued in my name only. After 2 1/2 to 3 hours trying to get thru to a real person at IRS I finally found some other office out-side of IRS who finally transfered me to an IRS attorney. She informed me to complete a special form and return it along with the check. Both times I asked the individuals if I should include a Death Certificate and was told that it wasn't necessary.  I downloaded the form from the net and returned it with the check as directed.\nSome three weeks later I got a letter and another form to complete with instructions to include a Death Certificate and also instructions to notify Social Security which I had already accomplish after my wife's death.\n I originally submitted my taxes in early February and finally got my refund in late May. Need I say more?
344177
1) The Wash sale only applies to losses, not gains.  You can't defer gains using the Wash Sale.\n\n2) You may be thinking of a "like-kind" exchange or section 1031 when you sell investment or business property for essentially the same type of property.  Section 1031 does not apply to exchanges of inventory, stocks, bonds, notes, other securities or evidence of indebtedness, or certain other assets according to the form 8824.\n\n3) You may not have to pay tax on the gains if you are in the 10% or 15% tax bracket like Sun Tax said, but my guess is anyone with that much stock and thinking of buying a house is probably not in that tax bracket.  It is a great suggestion, though.  I wouldn't have thought of it.\n\n4) You can rollover the gain to a specialized small business investment company (SSBIC), but you are clearly not doing that.\n\n5) You could die and the people who inherit the stock will get a stepped-up basis thereby deferring the gain permanently, but this isn't a fun way to avoid taxes.\n\nThose are the only ways to sell and not claim the gain that I can think of.  It looks like you will have to claim the gain.  Good news is the gain for long term stocks is only 15%.  Your state may tax your too, but you don't have to pay any FICA taxes on the gain.\n\nI know it is hard to pay taxes and we all try to avoid them as much as possible, but count your blessings.  You made large gains and you deferred the taxes all these years.  Good luck with your new house.
364570
Just have him write it out to you and cash it at the bank.  If he doesn't file a 1099 with your social security number on it at year end it will not be taxable.  Just because you cash a check in your name does not mean the bank reports it to the IRS as taxable income, besides, if he owes it to you you must have loaned it to him in some form.
532340
The IRS only requires that you file the last three years in most cases (very high earners are asked for six years).\n\nRead the following from the London US Embassy's IRS FAQ:\n\n"I am a U.S. citizen who moved to the U.K. several (or many) years ago and thought I did not have to file U.S. tax returns any longer. Now I have learned that information was incorrect. What do I do?\n\n"This is a common misunderstanding among Americans abroad, and should not create anxiety for those who find themselves in this situation. Generally, you should file returns for the past three years, taking the foreign earned income exclusion, the foreign tax credit, or both. It would be extremely unlikely that there would be any late penalties assessed, since penalties are computed as a percentage of tax owed, and only the rare taxpayer would actually owe tax in this situation.\n\n"You may contact us for prior year tax forms, or download them from the IRS web site. To find older forms, enter the year required in the Search for... box on the top-left of the page. The search typically returns Forms and Publications for the year on which you will have searched."\n\nThe forms you need to start with are 1040 & 2555.  You can download these for free from the IRS website or buy older versions of Turbotax online.\n\nIf you earned more than $90,000 annually, you will also need 1116, 6251, 8801, and a real tax accountant to do the work for you (s/he has all the forms already).  If you have a foreign bank account with balances >$10,0000, you'll need Form TD F 90-22.1.  If you own >10% of  a corporation or partnership, you'll need Forms 5471 and/or 8865.  If you, your spouse, or your beneficiaries are the settlors, grantors or beneficiaries of any trusts, even if you get no income from the trusts, you'll need Forms 3520 and/or 3520A.  If you gave more than $10,000 to any foreigner, or received more than $10,000 as a gift from a foreigner, there's more paperwork.\n\nThere are tax specialists who handle cases like yours.  If any of the extra bits I mentioned apply, you should see one of them.
649347
There should be no expenses, penalties, or taxes to pay if you roll your 401(k) directly into your new 401(k) or to a traditional (non-Roth) IRA.  Do not have your old 401(k) holder send a check to you, they should send it direct to the new firm that will be handling your funds.
527975
If he died in 2005 they are right. If he died in 2006 you don't have to do anything until 2007. The new pension bill says that if you are entitled to a distribution and you get it in 2007 you can have it rolled into an IRA and take distributions over the remainder of you life expectancy. A good CPA in your area should be able to help you get this done.
50533
You only have to attach the 1099's if they have FEDERAL INCOME TAX WITHHELD, otherwise no. And yes your assumption is also correct.
621276
It depends on the type of inheritance you are receiving personal, corporate, trust, etc.\nYou also didn't state where your bank account is (U.S or Canada).\nTalk to an expert in inheritance laws, before you do anything you may regret later.\nGood luck to you!!
174745
You don't need to send in a copy of the 1099-INT.  The only sheets you are required to attach are W-2s, and any 1099-Rs (retirement, IRA, pension withdrawals) that had any federal tax withheld
616894
If it was never rolled over or withdrawn, normally all you need to do is contact the HR department at the company.  They will give you information about what's in the account now, including his account number, and then you just need to decide who you want to roll it over to.  I'd recommend rolling it into an IRA but if he has another 401k at his new work, he also has the option of rolling it into that account.\n\nI have to admit that I'm a little worried that he hasn't gotten any statements or anything over this time.  Even with the company shut down, the 401k should still be in existence.  Did your husband keep his address updated?\n\nI'd suggest trying to reach someone else who worked in the company with him to determine who is administering the 401k plan, and then contact them.  Surely he can remember the name of someone who he worked with, and find them in the Asheville phone book.\n\nBest of luck.
160761
If the company is still in existence you should be able to call them and request a transfer to a new account (you will need to set a new account up).  Or you get a full distribution, but I don't recommend that, the Federal Withholding Taxes will eat up your money!  Also, if you have a statement from the bank or company that manages the Pension Plan, you may be able to skip contacting your previous employer and just send a transfer request to them.  When you open a new IRA (at the place of your choice, their are many on line places) they should have a form that can be sent to have your old Pension rolled over.  Let me know if you have any additional questions.
181784
When you get the prospectus of a mutual, they have to disclose the fees, so it's pretty trivial to tell if it's load or no-load.  Just beware that no-load doesn't mean no fees.  They just charge the fees throughout the year instead.
130239
SUMMARY:\n\nYou received a 1099-S Proceeds from Real Estate Transactions and you don't know where to enter it in TurboTax.\n \nINSTRUCTIONS:\n\nTurboTax 2005\n\n   1. Click on Federal Taxes tab at the top of the screen\n   2. Click on the GO Button for Income\n   3. Click on Add for Property Profits\n\n\nYou may also need to upgrade to the deluxe version of Turbotax. I don't think the basic version supports much more than the most basic forms.