29 April 2019 | 5 replies
I have a little over $10k liquid between my savings and taxable brokerage accounts.
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7 January 2018 | 2 replies
And the definitions of income taxable by the state vary greatly.
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24 February 2015 | 22 replies
The partial 1031 Exchange allows you to "manage" your tax liability by keeping the taxable gain under certain thresholds that would otherwise trigger your higher tax rates.
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10 January 2016 | 7 replies
Sent then the actual check I received and emailed the accompanying description of the check that included the category of distribution, indication that taxable amount was $0, the distribution amount etc. etc.Did a second transfer from an IRA held by a world renowned Investment company that was a direct wire transfer.
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23 January 2020 | 6 replies
Being used to minimize his taxable income, which is why it is shown to be operating at a loss.
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19 April 2016 | 8 replies
Here is how I interpret the tiered structure: If you're in the 10% or 15% tax bracket for ordinary income, then the amount of long-term capital gains that keeps your total taxable income at or below the 15% bracket is taxed at 0%.If you're in the 25%, 28%, 33%, or 35% tax bracket, then the amount of capital gains that keeps your total taxable income at or below the 35% bracket is taxed at 15%.If you're in the 39.6% tax bracket, then your long-term capital gains rate is 20%.At some point, if the capital gains is large enough, AMT rules come into play.The problem with your scenario is how the IRS will perceive your intent.
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22 April 2017 | 2 replies
so you run the very real risk of that 100K in cash as being counted as taxable boot.The answer to this is to have the lender create two notes.
1 August 2017 | 4 replies
If you are talking about the interest earned, you would need to have a massive repair account in the bank ($50K plus month to month) to even earn enough interest to create a taxable event.
9 January 2024 | 0 replies
Contributions and accumulated earnings in traditional IRAs may lead to taxable income during conversion.
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13 January 2024 | 55 replies
Do you have any other suggestions on how to reduce taxable income from flips?