Robbed retirement fund to pay off house. Are there any tax loopholes to help us?
Before paying off a mortgage with 401(k) funds, it’s smart to talk with a tax expert.
Before paying off a mortgage with 401(k) funds, it’s smart to talk with a tax expert.
If you itemize, you can claim IVF costs that exceed a certain percentage of your income.
First you need to figure out your adjusted cost basis after a stock split. Here’s how to do it.
If your employer didn’t pay the IRS, you can still claim withheld taxes. Here’s what to do.
Your cost basis is not the land’s value on the date when the land was subdivided.
Here’s how to figure the basis for depreciation of the home you are converting to a rental.
While the capital gains tax rate doesn’t apply, tax-deferred growth can work wonders.
Your tax basis on her stuff is the market value on the date of death. Here’s how it works.
The forms are similar, but each has different requirements for filing them.
You may not have to pay tax on the capital gain of a second home if you pass certain tests.
The interest on the home you bought for your in-laws may be deductible in these cases.
You have to add up all the money from foreign relatives to see if you must report it.
If you have to sell within two years, you may still qualify for a reduced exclusion.
The payment will affect your property’s basis, so the first step is to calculate its basis.
You can deduct mortgage interest on two homes. But if you rent the third, you have an option.
There’s a way to use severance money to fund a 401(k) at your startup business.
While you can’t deduct your grandkids’ college costs, you can get a different tax break.
You don’t have to file an estate return since the estate is under the $5.25 million threshold.
You will owe tax on your prize money, but you can deduct your donation if you itemize.
You would have gotten a bigger tax break if your aunt had left her property to you in a trust.