Background
Many investors are aware that when they sell a mutual fund or stock with a gain, they have to pay capital gains taxes for it. On the other hand, if they sell with a loss, they can claim a tax loss on it, as long as the transaction does not run foul of the wash […]
It’s tax season again and I find myself shelling out another $20+ to get the tax software. Don’t you sometimes wonder why can’t the IRS provide a free and convenient filing facility for everyone, without adding on various limitations for free filing or asking the filer to use an outside vendor?
Here’s one article I read […]
If you started contributing to a 529 plan some time in 2007, the chances are that the plan is in the RED (with capital losses) due to the recent stock market conditions.
A thought came to my mind — since unqualified distributions from the 529 plan are taxable, is it possible to tax harvest from the […]
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