Capital Gains Tax
Start Here: How Section 1231 Works, How It Relates to Capital Gains, and the Right Way to Report 1231 Property on Your Taxes
What is Section 1231? 1231 gains overview Section 1231 of the tax code provides guidance on the treatment of gains and losses derived from the…
Capital Gains Taxes and the Key Inside the 28% Rate Gain Worksheet
What is the 28% Rate Gain Worksheet? The capital gains tax is a tax on profits from selling a capital asset. It applies to a…
Taxable vs. Non-Taxable Income
What Types of Income Are Subject to Tax? Are you trying to determine whether or not all of your income is taxable? While the IRS…
Are You Subject to the Alternative Minimum Tax (AMT)?
Learn About AMT Rules & Guidelines The Alternative Minimum Tax (AMT) is basically an income tax system that runs parallel to the regular income…
How to avoid Federal taxes on short sales and other debt settlements
Generally speaking, whenever you settle a debt for less than you owed, the difference counts as income – taxable income. A short sale is a…
Tax tips for the end of the year
While you may be focused on hunting holiday presents, this is the time of year when you need to be thinking about the April 15…
5 Myths About Capital Gains Tax
If you believe any of the myths surrounding capital gains tax and how it affects you, there is a good chance that you will include…
Reporting Capital Gains Tax on Form 1040 Schedule D
If you are required to report a capital gains tax on the sale of your principal residence, it is reported on Tax Form 1040, Schedule…
