The Ultimate Finances blog
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Jan
27
How do I deduct investment advisory fees paid for professional investment services on my 2008 federal taxes? dar asked:
What form do I use? Is there a limit to the fees (I payed about $8K for investment fees)? Do the fees get bundled into other “deductoins” so that I have to meet a threshold of expenses? Thanks all!
Jan
25
What is the best way to handle large investment losses on my taxes? Ed R asked:
I really screwed up and have over $50,000 in investment losses this year! Our gross income from salaries for this year will only be around $50,000. In addition, I lost $5000 in my Roth IRA. I just read that I can only deduct $3,000 in investment losses. Does that include IRAs PLUS regular investment activities? Also, will any interest I accrue via CDs or dividends from stocks or mutual funds essentially be tax-free now since I have such a large investment loss? Or is that a different category? Please help, I really screwed up this year and am hoping somebody has some suggestions to make this better. Thanks in advance!
Jan
24
What kind of investment company is right for me? n k asked:
I’m doing well in stock market, I would like to open an investment company (home base business). There are many options, but I don’t know which one is the best for me. I live in Pennsylvania; I also look for something that allows me to deduct the most from tax. Website content
Jan
24
Can a finance company have my tax return garnished or taken away? jay27 asked:
10 years ago I defaulted on a car loan, and still owe the finance company $7000, which I’m planning on paying now. Can the finance company take my tax return, or only if I owe FEDERAL AGENCIES? The case went to court, and I was in another state at the time, so judgment was awarded to the finance company.
Jan
23
How do i pay my forex taxes on turbo tax? ConservativeCapitalist&ProudofIt asked:
I made 1k in realized gains and $500 in carry over interest off all my forex trading in 2009. In a seperate issue, i also made $7000 in labor and how would i report it on turbo tax. I also made 10k in gifts from folks. Is there a section in turbo tax for that as well? Gifts that are cash i should say. Caffeinated Content |
