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If you made money selling your house, you'll be pleased to know that you can exclude some or all of that capital gain from your income, when filling out your tax return. That little exclusion can save you a lot of money in taxes. (If you sold for a loss, though, you cannot...
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In early November 2003 Congress passed a military tax relief bill which enhances the home-sale gain exclusion rules for members of the U.S. Armed Forces and the Foreign Service.
Generally, you may exclude part or all of the gain from the sale of your main home, as long as...
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Now that stocks look shaky, should I consider investing in municipal bonds? What benefit do I get because they are tax exempt?
If you've been burned by stocks, you may be wondering about investing in bonds, hoping to get a steady, predictable flow of income. But what about...
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If you're one of those lucky employees who is enjoying stock options that your employer has awarded you, or if you just pocketed a pile of dividends on your investments, you may need to pay estimated taxes on your profits. Why? Two words: underpayment penalties.
If you make...
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If I donate shares of stock to a charity, what kind of tax deduction can I take?
If you donate stocks to a charity, you can take a tax deduction. But how much can you deduct?
The amount of the deduction depends on how long you have held the stock, and how much it has...
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I want to sell an old coin to an antique dealer. Will I have to report that transaction on my income tax return?
If you sell a painting, sculpture, gem, or bottle of fine wine, anything that people collect , you probably owe taxes on the profits. The idea is relatively new....
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