The tax consequences of the sale of an investment, as well as your net return, can be affected by a variety of factors. You’re probably focused on factors such as how much you paid for the investment vs. how much you’re selling it for, whether you held the investment long-term (more than one year) and […]
Year-End Tax Planning Strategies For Individuals
With year-end quickly approaching and tax season just around the corner, we thought it’s a good opportunity to brush up on a few basic tax-planning strategies. For any taxpayer, an important strategy is deduction planning. Deduction planning is extremely complex, but some things to remember if you are a cash basis tax payer are: Expenses […]
Year End Tax Planning: Investments
As we approach the end of the year, we encourage you to begin thinking about tax planning for your investments. Here are a few topics to consider: Tax Rates for Investment Income: Capital gains on property held one year or less are taxed at an individual’s ordinary income tax rate. Capital gains on property held […]