Reply to SIL acting helpless to get DH to do her income taxes

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]OP again. The point of saying poverty income is that some years she does not file taxes at all so it’s kind of foreign to her, hence why I think she should pay for an accountant. She lives in a mortgage-free $1.5 million house, kids tuitions paid by grandparents, she has tons of stock she doesn’t want to sell )hence her unfamiliarity with capital gains reporting). She’s not poor, just hates to spend her own money.[/quote]

If she has significant investments she is getting dividend income from those that likely require her to do taxes every year.

If neither sibling normally files in MA, wouldn't their MA returns on the sale of the house be essentially the same? Can she use the same forms and info your DH used?[/quote] OP. No idea if the specific stocks generate dividends. Good point. See, I think she is more capable or has run into similar situations but the out of state sale through her for a loop. As far as sharing our returns, no. Our accountant did it electronically and there are a lot of moving parts. She doesn’t need to view all the capital gains we’re reporting. That’s personal.

Update: SIL is calling local accountants today. Fingers crossed.[/quote]

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