When you sell a capital asset you need to know when you purchased it and what the cost basis is. These will be used to determine what your capital gain (or loss) is. Capital assets are items such as stocks,…
When you sell a capital asset you need to know when you purchased it and what the cost basis is. These will be used to determine what your capital gain (or loss) is. Capital assets are items such as stocks,…
1) Maximize Your Contributions to Your 401(k) Plan Many employers will offer a 401(k) plan. Employees need to take advantage of this plan. This will likely be one of the cornerstones of your retirement plan. If your employer offers a…
1) The Long-Term Capital Gains Rate is Going Up Long-term capital gains are for capital assets held longer than a year. Capital assets include stocks, bonds and mutual funds. Collectibles and certain Real Estate are subject to special rules. The…
The sale of a capital asset will result in a capital gain. Depending on the holding period of this asset, the gain will either be short-term or long-term. Long-term gains have a lower, preferred income tax rate. The holding period…