Archive for the ‘United States’ Category

What is the best way to handle large investment losses on my taxes?

Friday, February 26th, 2010

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 ...

How do I deduct investment advisory fees paid for professional investment services on my 2008 federal taxes?

Saturday, February 6th, 2010

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!

What kind of investment company is right for me?

Wednesday, January 6th, 2010

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 ...

Do I have to pay capital gains taxes on international investments if I live in the US?

Monday, November 3rd, 2008

screwed asked: I am planning on making some investments outside the country (stock market investments). Can I access the profits while living in the US or will I have to pay capital gains taxes on it? If so, how much will I have to pay say for $10,000 in profits?

How can I reduce my tax payable income to save money in USA? Specific investments?

Tuesday, October 14th, 2008

ryahoo asked: There may be certain govt bonds, investments that I can probably make ..but dunno. Buying a house.. heard that helps too .. but dunt know how.. so any advise on tax saving tips would be appreciated.

10K gift to reduce taxes from investments for non-working parents?

Thursday, October 2nd, 2008

vmsergei asked: So my parents don't work & got some cash stocked away in hi-yeld interest accounts. They made about 30K on their investments last year in interest income. What is the best way to reduce their taxes? Is giving 10K to their grandchild going to have ...

Do I need to pay self-employment tax on personal investments?

Saturday, August 2nd, 2008

illuminate asked: I'm self employed, but aside from my business income, I have personal investments, which have produced gains of about $20K in 2007. Do I need to pay SE tax on that or just my business income? Thanks for your help.

Is a loss from a personal loan the same tax category as a loss from stock investments?

Sunday, July 27th, 2008

Jan R asked: I loaned a friend some money several years ago to help start a business, and the business failed and I was not repaid for the loan. I also, the same year, had losses from other investments (in the stock market). My understanding is that I can ...