Let me give you a bit more specific, detailed information on the dependent rules that apply to your son. This might help explain what you are seeing in the soft...
Hi Miss Cathy,
Since your property is fully depreciated, the entire sales price (less selling expenses) would be your taxable gain. You would be allowed to ded...
Hi! It sounds like you're trying to find the most tax efficient way to withdraw from your investment portfolio.
Generally speaking, if you sell investments tha...
"When I contribute to a Traditional IRA I'll be using post tax dollars? which is why it doesn't get taxed when converting it from a Traditional IRA to a ROTH IR...
Hi tomamy06 and thanks for writing in today!
Capital gains are calculated as your sales price, minus selling expenses, minus your basis.
Your basis is what yo...