Navigating capital gains tax can be complex, but knowing the applicable tax rates and thresholds can help you plan your ...
The stock market was on a tear in 2023, which is fantastic for your net worth. The downside might be that you may be sitting on a large amount of capital gains. (To be clear, this is a good problem to ...
Capital gains taxes are taxes levied on the profit from selling an asset for an amount greater than its purchase price. These taxes are categorized into short-term or long-term based on the asset's ...
Increasing the capital gains tax rate could significantly impact investor behavior and long-term investment strategies. A larger tax on investment gains could affect large corporations as well as the ...
Editor’s note: This is part 10 of an ongoing series about using trusts and LLCs in estate planning, asset protection and tax planning. The effectiveness of these powerful tools — especially for asset ...
Dear Liz: My husband and I built a home on a hillside over 30 years ago in a desirable neighborhood with a beautiful view. We thought it would be our retirement home, but life had different plans. Now ...
On March 24, 2023, the Washington Supreme Court ruled to uphold a controversial capital gains tax on long-term investment profits. The 7% tax applies to sales of stock, bonds, mutual funds and other ...
Picture this: You've just sold your investment property for a tidy profit. You're feeling pretty good about yourself, ready to celebrate your financial savvy with a well-deserved vacation. But wait!
Gifting appreciated assets during your lifetime can saddle your beneficiaries with massive capital gains taxes they could otherwise avoid. Assets passed down after death often qualify for a step-up in ...
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