The Investment Company Institute estimates that 56.2 million households owned mutual funds in mid-2017. The tax rules involved in selling mutual fund shares can be complex.
Category Archives: Capital Gains
Summer: A good time to review your investments
July 23rd, 2019 by Douglas Freeman
Posted in Capital Gains, Federal Income Tax, Federal Taxes, Income Tax, Individual Income Tax, Investment, Investment Income Tax (NIIT), Securities, Tax, Tax Planning, Tax Savings
The federal income tax rate on long-term capital gains recognized in 2019 is 15% for most taxpayers.
You may have to pay tax on Social Security benefits
July 11th, 2019 by Douglas Freeman
Posted in AGI (Adjustable Gross Income), Capital Gains, Contributions, Federal Income Tax, Income Tax, Individual Income Tax, Investment Income Tax (NIIT), Retirement, Social Security, Tax, Tax Planning, Tax Savings
Tags: Form W-4V, Provisional Income, Retirement Plan Distribution, Tax Exemption, Taxes on Social Security
If you’re getting close to retirement age, you may be wondering if your Social Security benefits are going to be taxed.
Which entity is most suitable for your new or existing business?
June 24th, 2019 by Douglas Freeman
Posted in Business Income Tax, C Corporation, Capital Gains, Income Tax, Limited Liability Company, LLC, Partnerships, Past-Through Entities, Qualified Business Income Deducton (QBI), S Corporation, Small Business, Sole Proprietors, Tax Cuts and Job Acts (TCJA)
Tags: Federal Income Tax, Profitability, Stock, Tax Liability, Tax Rates
It may seem that the current, flat 21% corporate income tax rate makes C corporation status for your business the best choice. Or is it?
Investment interest expense is still deductible, but that doesn’t necessarily mean you’ll benefit
January 30th, 2019 by Douglas Freeman
Posted in Capital Gains, Deductions, Investment, Investment Income Tax (NIIT), Itemized Deduction, Tax, Tax Cuts and Job Acts (TCJA), Tax Deduction, Tax Planning, Tax Savings
Tags: Debt, Investment Deductions, Net Investment Income, Tax-exempt Income
Can the investment interest expense deduction save you tax on your 2018 return? You generally must pass three hurdles to benefit.
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