Capital Gains Tax
Reporting your Child’s Capital Gains and Dividends on Your Taxes: Form 8814
Little Timmy's investments actually paid off? Congrats! Here's how to put your kiddo's income on your joint tax return. Are you the custodial parent of…
2024 Tax Brackets
To prevent what is known as "bracket creep," the Internal Revenue Service (IRS) has issued inflation tax code adjustments for the 2024 tax season, with…
Explain Form 2439: When Undistributed Long-Term Capital Gains Are Good News for Shareholders
Every 1099-DIV means you owe some new taxes. Well, this is the opposite. If you sell an asset you've held for a year or two,…
Answers for Tax-savvy Investors: What Are Qualified vs. Nonqualified Dividends?
If you're looking for the thrill of the day trader, expect a bit of a tax hangover. Qualified dividends are a specific type of dividend…
Do Capital Gains Count as Income When I’m Doing My Taxes?
Gains, income, gravy train - it's all the same, isn't it? Not to Uncle Sam. Capital gains do count as income for tax purposes. Getting…
Capital Gains Taxes Really Do Apply to Inherited Property: Here’s How and How to Minimize Them
It's sad they passed away, but they left you a house. Selling it may hit you with capital gains, but you can minimize them. What…
So Much to Gain: What Are the Short-Term and Long-Term Capital Gains Tax Rates? Income Thresholds, Tax Brackets and More
High income thresholds mean I earn more without paying as much in capital gains taxes? Score! Oh, wait, that’s just inflation. The capital gains tax…
Capital Gains and Income: Are You Ready to Realize How Your Gains Affect Your Taxes?
Did you realize this about your capital gains? Are Capital Gains Considered Income? Capital gains are profits earned from the sale of capital assets like…
