As a result of the recent volatility on the stock market, I’ve received a bunch of questions about claiming losses on individual tax returns. What’s
Read MoreTag: capital-gains
Ask The Taxgirl: Losses & Mortgage
Taxpayer asks: My mother in law has lost about 7000 in the past year with her stocks and bonds. She is thinking about taking them
Read MoreAsk The Taxgirl: Foreign Homes
Taxpayer asks: I would like to ask some tax related questions related to selling a house outside of the USA. We sold a house in
Read MoreAsk The Taxgirl: One Time Gains
Taxpayer asks:This is my situation. In 2007, I sold a bunch of stock my grandpa gave me, and had a gain of roughly $8,000. I
Read MoreFix The Tax Code Friday: Foreclosures
So following up on yesterday’s post about the proposed tax relief for debt cancellation related to foreclosures, I wonder, “Is it fair?” Today’s Fix the
Read MoreSuddenly, Being Financially Irresponsible Pays Off!
The House Ways and Means Committee has voted to permanently remove the income tax consequences for homeowners whose debt is partially forgiven by a lender
Read MoreStranger Things Have Happened
But not many… in the Ways and Means Committee. The Business Journal of Phoenix (how’s that for a source?) is reporting that U.S. Rep. Harry
Read MoreFix The Tax Code Friday: Home Sales
I listed my house for sale this week (yes, you can expect lots of home-related posts in the next few weeks). While we expect to
Read MoreAsk The Taxgirl: Home Sales
Taxpayer asks: I sold a primary residence last yr and bought a new one. I did not gross over $250,000 on the sale of the house.
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