MWIB Series-Capital Gains and Losses

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Sunday, June 24, 2007

This Is How It Works

Capital loss carry-forwards are deductible to the extent you have capital gains. If you have a long-term capital loss carryforward, it will first net agianst long-term capital gains, then it will net against short-term capital gains, and then it will offset all other forms of income up to $3,000.... Sign in to see full entry.

Friday, June 22, 2007

Knowing The Rules Can Save You Money

Poor fellow calls me last night all bent out of sorts. He has purchased a rental property at the beach and finds that he will not be able to rent it for what the costs will be. He is now wanting to sell and cut his losses. He calls me after talking to a bunch of flunky real estate brokers and... Sign in to see full entry.

Monday, March 26, 2007

Oh to Be In Control

This is where we can really save some money when it comes to organizing our records and knowing the rules of the game. When you are going to sell a property or a stock, please check your situation very carefully. There might be something that you can do to save yourself some tax money. Is the 1031... Sign in to see full entry.

Monday, March 5, 2007

And The Evil Were Cast Out

And God said to a wicked angel, who did not have respect for the wisdom of a great angel (he was handsome and brilliant this great angel was), be cast out and form your band of wicked deed doers; call yourselves radio station managers. He called upon the world to reek havic upon this band... Sign in to see full entry.

Saturday, March 3, 2007

Follow That Condo Sale

If you are here becasue you read my income tax blog, congratulations! This is all about tax form schedule D, capital gains and losses. Here is where some real money can be saved just by knowing the rules (please read earlier posts to this blog-it will be well worth your time). In our condo example,... Sign in to see full entry.

Sunday, February 11, 2007

Net Your Way To A Lower Income Tax Rate

Capital gains and losses are more common place than you think. Many Americans own stock in their portfolios and me even have some real estate. Did you know that your principal residence is capital gain property? Did you even care? Practice makes perfect in the land of taxes and its benefit is saving... Sign in to see full entry.

Monday, February 5, 2007

Does The Installment Sale Method Work For You?

What is the installment sale method you ask? It allows a taxpayer to sell property and hold a note. As the note is received, the taxpayer will record capital gain income on the principal amount of the note he receives and will receive ordinary income treatment for any interest received on the note.... Sign in to see full entry.

Thursday, December 28, 2006

A Fresh Approach To Capital Transactions

Ron Piner’s Better Business The MWIB Series My Way Is Better Capital Gains and Losses The average American taxpayer lets the chips fall where they may when it comes to reporting capital gains and losses on their tax returns. So that we all understand, let’s review the rules for capital gain and loss... Sign in to see full entry.

Wednesday, November 10, 2004

Minimizing Income Taxes and Capital Gains and Losses

The MWIB Series (My Way Is Better) Ron Piner, CPA "Better Business" Thursdays at 4PM ET WBIS am 1190 www.wbis1190.com You Are In Control-Capital Gains and Losses Truthfully folks, have you ever known an author able to write and talk about so many different things? "Welcome to my show", and really... Sign in to see full entry.

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Be in control of your finances and be in control of your income tax liability. By keeping great records, you are empowered to determine your financial destiny.

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