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Can Capital Losses Offset Dividend Income?

Capital losses result from the sale of a capital asset for less than the basis. For example, if you buy stock for $1,000 and after holding it for two years you sell the stock for $500, you have incurred a $500 capital loss. In contrast, if you buy the stock for $1,000 and after holding it for two years you sell it for $3,000, you have earned a capital gain of $2,000.

Nov 29, 2023

Capital Gains on Inherited Properties in Texas: What You Need to Know

Taxes on inherited property are something that heirs will have to deal with rather than the owner of the estate. However, there are variations across states. Texas is one of those states that falls into a special category when it comes to capital gains on inherited properties.

Nov 21, 2023

Is Depreciation Recapture Ordinary Income?

Owning real estate as an investment can generate certain benefits. There is the potential for cash flow and valuation increase. There can also be certain tax benefits to help offset income. Among these likely benefits is depreciation recapture. But given its purpose with real estate, is depreciation recapture ordinary income?

Nov 17, 2023

Is There a One-Time Capital Gains Exemption?

Selling highly appreciated real estate can be a significant financial windfall for real estate investors and property owners.

Oct 21, 2023

Can Passive Losses Offset Capital Gains?

Passive income is a special type of income that not everyone will be involved in. It is also different from wage income. Passive income is generated from a partnership, a business the investor is not involved in, rentals, or other flow-through entities.

Oct 2, 2023

Do Closing Costs Reduce Capital Gains?

When it comes to tax implications, closing costs can potentially play a role in reducing capital gains. By including your closing costs into the cost basis of your property when it's sold, you essentially increase the initial investment amount. The effect of this is that it reduces the total profit or 'capital gain' realized from the sale. As a result, the potential capital gains tax that you may owe to the IRS could be lessened. Here’s how it works.

Sep 15, 2023

Are Zero-Coupon Bonds Subject to Capital Gains Taxes?

Bonds are often used to balance portfolio risk and access steady income. Corporations or municipal entities may issue bonds, which are typically thought of as less risky but also less potentially rewarding than stock investments. Bond returns are generally known in advance and paid out to the investors from the time of purchase until the bond reaches maturity.

Aug 28, 2023

Capital Gains Treatments: Mutual Funds vs. DSTs

As an investor, you’re already familiar with capital gains and capital gains taxes. A capital gain is an increase in the value of a capital asset, which is generated when that asset sells. Meanwhile, capital gains taxes are the taxes you owe to the IRS from those realized capital gains from the asset sale.

Aug 20, 2023

How Are Capital Gains Calculated On Sale Of Rental Property?

How Are Capital Gains Calculated On Sale Of Rental Property

Understanding the calculation of capital gain when selling a rental property is crucial for smart financial planning. The first step in this calculation is to subtract the property's adjusted basis at the time of the sale from the total sales price. This must include any sales expenses such as legal fees and commissions. The resulting figure will be your capital gain on the sale. In order to provide a clear understanding of this process, we will explore this calculation using a hypothetical example in the following sections of our article.

Aug 14, 2023

How Do You Treat Interest on An LLC Sale?

When a member of an LLC decides it's time to move on to another opportunity, they may want to sell their interest in the LLC. Selling LLC interest is like selling other capital assets. If the asset is sold above its cost basis, it will generate a profit. The same is true for LLC interest.

Aug 9, 2023

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