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  Filing for the incapacitated

  By using a power of attorney, a couple can file a joint tax return if one spouse has dementia.

  2 min read Oct 22, 2019
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  Deducting losses or capitalizing costs

  Instead of immediately selling the property, offer it for rent. You can convert your capital loss to ordinary loss.

  2 min read Oct 23, 2019
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  Claiming foreign children as dependents

  To claim individuals, even children, as dependents, they have to be citizens or residents of the U.S., says CPA George Saenz.

  2 min read Jan 24, 2021
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  Capital gains on sale of home with farm

  If the avocados produce a profit, then the land is considered farmland and when sold would not qualify for capital gain exclusion from the sale of your home.

  1 min read Apr 06, 2022