If you've sold assets, made investments, have mutual funds, stocks, or received an inheritence, you'll need to figure out your tax basis when filing your income tax return. Tax basis...
Posted by Bottom Line Tax Services, LLC on 06/24/2017
Captial gains, inheritence Figuring out your tax basis when selling assets can be tricky because some transactions fall under guidelines defined under the IRS's Publication 551 while...
Posted by CROMWELL & ASSOCIATES, LLC on 05/03/2017
When it's time to start disposing of your investments, understanding the rules is critical. The IRS requires you to accurately report the sale of any of your assets. Your tax basis...
Posted by Advantage Tax Service on 03/15/2017
It's critical to ascertain your commercial property's tax basis. The need to find out tax basis becomes even more pressing when you're trying to ascertain depreciation deductions...
Posted by PB Tax & Accounting Services on 03/15/2017
As dreadful as the word might sound, tax basis remains one of the most important components as far as filing tax returns is concerned. Also referred to as adjusted basis or cost basis,...
Posted by Bottom Line Tax Services, LLC on 03/15/2017
When you sell stocks, bonds, precious metals or other investments, it is crucial to know the tax basis of each asset. You will need this number to determine how much income or loss...
Posted by Michael Coleman Tax & Accounting on 03/15/2017
If you've sold assets, made investments, have mutual funds, stocks, or received an inheritence, you'll need to figure out your tax basis when filing your income tax return. Tax basis...
Posted by Joseph J. Gormley CPA on 03/14/2017
The tax professionals at Johnson, Johnson & Associates, Inc in Yeadon, PA have previously shown you that if you sell your home, you can exclude up to $250,000 on your capital gains...