any accountants out there that i can ask a question?

[DealJew]

When buying and selling stocks, is it considered income if i make off one sale but lose on another without any net gain in total?

[Thingywingy]

Regarding W-4, step 4(b):
 
Can I deduct my planned IRA contribution, even if I will make a single $6000 contribution in the last month as opposed to distributing those contributions evenly throughout the year?

[ckmk47]

When buying and selling stocks, is it considered income if i make off one sale but lose on another without any net gain in total?

You may have to list the income and the losses, but it won't net you any income that will be taxed.

[Thingywingy]

Affordable New Jersey Communities for Homeowners and Renters (ANCHOR) offers renters $450 rebate. Would filing for this refund cause a problem for a landlord of a non-legally permissible apartment? I presume that they did not report apartment income.

[Thingywingy]

Is prepaying by Tax by CC only allowable for those who need to file a 1040-ES due to their primary income not being from an employer, i.e., those self-employed? Can the same thing be done for those who normally would have withholding deducted from their paycheck? Can they just deduct any quarterly payment from on line 3 of their W-4 and pay less or no witholding4?

Assuming it is allowed, are the taxes on that income only due at the end of the quarter? Those subject to withholding usually pay with every paycheck. Does paying quarterly effectively allow you to postpone paying taxes on your first paycheck from immediately to three months later?

[EliyahuF]

Any do’s or don’t suggestions?

[DealJew]

If a dependant that $11,300 in 2022 do they have to file a tax return or do i add their earnings to my return?

[YitzyS]

Can I withdraw from a Roth IRA (prematurely) less than the amount I deposited, without having to pay taxes? Or is there a penalty even on withdrawing the base contribution?

[dm123]

Can I withdraw from a Roth IRA (prematurely) less than the amount I deposited, without having to pay taxes? Or is there a penalty even on withdrawing the base contribution?

You can withdraw contributions you made to your Roth IRA anytime, tax- and penalty-free.

https://www.schwab.com/ira/roth-ira/withdrawal-rules

You can withdraw your Roth IRA contributions at any time, for any reason, with no tax or penalties.

https://www.investopedia.com/roth-ira-withdrawal-rules-4769951

However I don't believe you can re contribute them once withdrawn, so be sure you want to withdraw. There may be some way to access funds for a very short term loan but don't remember offhand, perhaps someone else knows? Maybe some version of rollover?

[ckmk47]

If a dependant that $11,300 in 2022 do they have to file a tax return or do i add their earnings to my return?

I think you're allowed to do it either way.
So run it both ways to see how you pay less taxes overall.

[DealJew]

I think you're allowed to do it either way.
So run it both ways to see how you pay less taxes overall.

Isn't it under the threshhold for it's own tax return?

[ckmk47]

Isn't it under the threshhold for it's own tax return?

There's a lower threshold for a return?
I guess I don't know enough.

[Jack out of the box]

I think you're allowed to do it either way.
So run it both ways to see how you pay less taxes overall.

There are factors besides those which were presented in the question which would be necessary to get an accurate answer. See 1040 instructions, IRS Publication 501, and IRS Publication 929.

[EliJelly]

Is there a new tax rule regarding credit card retention bonus credits and other credits? First time I'm receiving a 1099-MISC for my CSR card.

[Shua]

Is there a new tax rule regarding credit card retention bonus credits and other credits? First time I'm receiving a 1099-MISC for my CSR card.

I got a 1099-MISC for my Freedom Card, Ink Cash and Ink unlimited.

Never got this before. Also this was for just regular spend. Not a signup bonus or anything

[Shua]

I got a 1099-MISC for my Freedom Card, Ink Cash and Ink unlimited.

Never got this before. Also this was for just regular spend. Not a signup bonus or anything

Just spoke to my account friend. He said it could be for referral bonus. Which would check out.

Did you get a referral bonus?

[EliJelly]

Just spoke to my account friend. He said it could be for referral bonus. Which would check out.

Did you get a referral bonus?

Not on my CSR card and the numbers they show don't reflect that.

[YitzyS]

Can I withdraw from a Roth IRA (prematurely) less than the amount I deposited, without having to pay taxes? Or is there a penalty even on withdrawing the base contribution?

https://www.schwab.com/ira/roth-ira/withdrawal-rules
https://www.investopedia.com/roth-ira-withdrawal-rules-4769951

However I don't believe you can re contribute them once withdrawn, so be sure you want to withdraw. There may be some way to access funds for a very short term loan but don't remember offhand, perhaps someone else knows? Maybe some version of rollover?

Is it penalty-free even if one withdraws the contribution of a PREVIOUS year?

[dm123]

Is it penalty-free even if one withdraws the contribution of a PREVIOUS year?

Who do you have your account with? Do they have someone you can ask or link to a FAQ that might answer?

Based on my understanding of the literature, I believe Roth IRA contributions from all years are always penalty and tax free.

From the IRS:
https://www.irs.gov/publications/p590b#en_US_2021_publink100089460

Are Distributions Taxable?
You don't include in your gross income... distributions that are a return of your regular contributions from your Roth IRA(s).

...
If you withdraw contributions (including any net earnings on the contributions) by the due date of your return for the year in which you made the contribution, the contributions are treated as if you never made them. If you have an extension of time to file your return, you can withdraw the contributions and earnings by the extended due date. The withdrawal of contributions is tax free, but you must include the earnings on the contributions in income for the year in which you made the contributions.

That's why I listed it as potential avenue for chasuna savings (and if necessary I'd prefer someone correct me sooner than later please!):

Roth IRA principal withdrawals are allowed anytime - then the growth can be left for later weddings/retirement/etc.

Here's H&R saying it as well:

Because your Roth IRA contributions are made with after-tax dollars, you can withdraw your regular contributions (not the earnings) at any time and at any age with no penalty or tax.

[dm123]

Is it penalty-free even if one withdraws the contribution of a PREVIOUS year?

Knew it was here somewhere! Here are the DDFers (obviously much more reliable than anything you'll get from the IRS  ) talking about it (emphasis mine):

According to what I understand with a roth, it's a no-brainer.. you can always take from the principal as needed for each wedding

Although you can take principal from a roth account before 59.5, the funds need to be returned to the account within 60 days or be subject to the 10% penalty on the portion kept.

-1
Simply incorrect. ROTH IRA contribution's can be WITHDRAWN (tax and penalty free) at any time. They cannot be put back in (except within 60 days as a rollover).