Can I be taxed in retirement? How?
- November 21st, 2023
- David Greene
- Comments Off on Can I be taxed in retirement? How?
There are six primary ways you can be taxed in retirement: (1) Traditional IRA or 401(k) withdrawals – this money is always taxed as ordinary income when taken out; (2) Social Security benefits – whether or not taxed depends on…
Do I need to report the sale of stock on my tax return?
- March 27th, 2023
- David Greene
- Comments Off on Do I need to report the sale of stock on my tax return?
The short and simple answer is yes. When you purchase stock or any type of security, you are doing so with the money you have earned after taxes. This type of investment creates a basis in the new asset you have acquired….
What is the difference in capital and ordinary gains or losses?
- February 21st, 2018
- David Greene
- Comments Off on What is the difference in capital and ordinary gains or losses?
Capital gains or losses result from selling capital assets which generally, but not always, includes the sale of real estate. Some things that are not capital assets are: business inventory, business receivables, real or other depreciable business property and certain…