What is a K-1 Form For a Trust?
Paperwork and forms are part and parcel when it comes to filing taxes. There is the Form 1099 series, which reports various types of income and earnings. There is the Form 1040, which lists everything the IRS needs to know about income, losses, deductions, and other information.
Is a Trade in a Like-Kind Exchange?
The term "like-kind exchange" refers to a tool that investors use to defer the payment of capital gains resulting from the disposition of an investment property. These transactions are often called 1031 exchanges, referencing the section of the Internal Revenue Code that authorizes the practice. A 1031 exchange is a proceeding by which an investor can defer the payment of capital gains due on the sale of investment property, subject to specific stipulations:
How Much Should I Have In My Retirement Portfolio?
At one time, companies took care of their retired employees through defined-benefit plans like pension funds. Between receiving either a lump sum or lifetime annuity from these plans, and pairing that with social security benefits, retired employees could piece together enough income to enjoy their golden years.
Triple Net Lease Examples to Consider
Triple net leases, also called NNN leased properties, can potentially offer real estate investors several advantages over other types of lease structures, but they aren’t without their potential drawbacks, either.
How to Calculate Capital Gains on Gifted Property?
Gifting an asset to someone can provide for some large tax savings. This can mean millions of dollars gifted without paying taxes. It also helps that the gift tax rules aren’t difficult to follow. In this article, we’ll explore how gift taxes work.
What Happens If I Don't File my 1099-MISC Form?
Perhaps you’ve seen the stories about Millennials making six-figure gig salaries. That’s good work for a lucky handful of freelancers, but the truth is, most people powering the gig economy earn far less than that lofty amount.
What is the Difference Between Capital Gains and Dividends?
When working to build your wealth, it’s important to understand the difference between various returns you may receive on your assets. Two of the most common returns are capital gains and dividends. Each income comes from a different source and is taxed differently by the IRS.
What is the Average Return on a 75/25 Portfolio?
For investors, crafting a portfolio involves several steps, typically repeated periodically. After all, an investor’s needs and circumstances change, which likely means their approach to investing should also. One of the essential steps is deciding on your asset allocation, which is one of the key determinants of your portfolio composition. It’s up to you to determine the appropriate distribution of your available assets based on your investment goals and risk appetite.
What Are the Pros and Cons of a Double Net Lease (NN) Property?
Commercial leases typically fall into three categories: gross leases, modified gross leases, and net leases. Within the net lease category, there are single, double, triple, and absolute subcategories. Which is most advantageous for you depends on the type of business, the circumstances, and whether you are the landlord or the tenant. Knowledge is power, and understanding the differences between the leases can help you decide which is most suitable.
When Do You Pay Capital Gains on Stock?
Investing in the stock market can be an effective wealth-building strategy. When you choose to sell your shares, however, you may face capital gains tax on the profits of your sale.
