You Be The Tax Judge: The Home Office Makeover Verdict
Can you deduct home office renovations? See how the Tax Court ruled on a $24,728 deduction and what today’s tax rules mean for working from home.
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Ask The Taxgirl: Paying Taxes On Bitcoin Transactions
Taxpayer asks: I paid short term and long term capital gains on my Bitcoin when I moved it from Coinbase into my hardwallet. Do you see any reason I should have to pay more taxes again when I spend some of these same Bitcoins from my hardwallet? Thanks. Taxgirl says: This is a great question….
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Taxes From A To Z (2019): U Is For Unadjusted Basis
It’s my annual Taxes from A to Z series! This time, it’s Tax Cuts and Jobs Act (TCJA) style. If you’re wondering whether you can claim house office expenses or whether to deduct a capital loss under the new law, you won’t want to miss a single letter. U is for Unadjusted Basis. Basis is,…
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Taxes From A To Z (2019): L Is For Long-Term Capital Gains Or Losses
It’s my annual Taxes from A to Z series! This time, it’s Tax Cuts and Jobs Act (TCJA) style. If you’re wondering whether you can claim home office expenses or whether to deduct a capital loss under the new law, you won’t want to miss a single letter. L is for Long-Term Gains Or Losses….
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Taxes From A To Z (2017): W Is For Wash Sale
It’s Taxes From A to Z. W is for wash sale.
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Taxes From A To Z (2014): H Is For Holding Period
Taxes From A to Z: H is For Holding Period.
How to figure your holding period, determine short or long term capital gains and check out the 2013 capital gains rates. -
Taxes From A To Z (2014): B Is For Basis
Taxes From A to Z: B Is For Basis.
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Taxes From A To Z (2013): U Is For Unrealized Gains and Losses
U is for Unrealized Gains and Losses. We’re in the process of selling our house. It is not worth as much this year as it was a few years ago (this, according to Trulia and other valuation sites) although it’s worth more than when we bought it. For tax purposes, we will actually have a…
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All You Need To Know About IPOs, Going Public & Stock Options
Admit it. For weeks now, you’ve been dropping the terms “IPO” and “going public” and “stock options” in water-cooler conversation and at cocktail parties and you don’t really know what they mean. Or how they make people rich. Or why it matters to you. And it’s totally Facebook’s fault. As you know, Facebook is “going…
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IRS Delays Basis Reporting for Decedent’s Estates
The IRS has announced that federal form 8939, Allocation of Increase in Basis for Property Acquired from a Decedent, is not due on April 18, 2011 and should not be filed with the final federal form 1040 of persons who died in 2010. Of course, if you’ve tried to file a federal form 8939, you…
