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I have a loss on some stocks. Can I get a tax break if I sell them off?
If you have lost some money in stocks or mutual funds this year, you can turn your losses into a tax break— if you sell your losing stocks or mutual funds before December 31.
You’ll lose money on...
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I'm thinking of selling some shares in my mutual fund. Anything I should watch out for, tax-wise?
Want to cash in your shares so you can buy a new sailboat or add a room to your house?
Here are some tips:
1. From the time you purchase a mutual fund, keep all of...
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If you invest in small business stocks, be sure you understand the tax laws affecting you, whether you earn or lose money on your investment.
It's not often that the IRS gives tax breaks that benefit you whether you make money or lose it. But such is the case with small...
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When I figure my gain or loss from a stock sale, should I include commissions and other investment expenses?
If you're selling stock or other securities, determining the taxable gain from the sale is relatively simple; subtract what you paid for the stock from what you sold...
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Wouldn't it be ideal to save money on taxes, while sharing your worldly means with your children?
In the old days, you could save a lot in taxes by shifting assets and income to your children. After all, kids are usually in lower tax brackets, so it made sense to put some...
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