Can I deduct the cost of a new computer on my taxes? frivas from Twitter asks: "Wonder if I can deduct the cost of a new computer from my taxes." Hi, I’m Megan Nearhoff and I work at TurboTax. The answer is: it depends. If you are using it more than...
RP2is a privacy-focused, free, non-commercial, open-source, community-driven cryptocurrency tax calculator formultiple countries. Preparing crypto taxes can be a daunting and error-prone task, especially if multiple transactions, coins, exchanges and wallets are involved. This task could be delegated...
Mitigation: PayPal's introduction of its stable coin and crypto wallet is a strategic maneuver aimed at reigniting the expansion of its user base. Recognizing the swift growth and appeal of Apple Pay, especially among younger consumers, PayPal has collaborated with Apple to seamlessly integrate its...
s not just sitting and getting eaten away by inflation. But another thing is that I put it on Gemini, GUSD stablecoin, which is a crypto that is one-to-one with the U.S. dollar, but it’s a 6.9% APR. So, I earn interest on all of my funds from taxes, vacation, stuf...
Does the cost of debt express a before-tax rate or after-tax rate? In our example above, the cost of debt was being expressed before taxes. However, in most cases, a company's cost of debt is expressed as an after-tax rate because any interest payments that are made are tax deductibl...
However we’re going to have them borrow the maximum amount of student loan. Like everyone else they’ll be saddled with crippling student debt when they graduate! Does this seem a bit mean to you? Let’s look at the reasoning.
(Interest payments are tax deductible to the corporation, and that part of the repurchase proceeds equal to the seller’s tax basis in the stock is not taxed at all.) Increased leverage also has costs. As leverage increases, the usual agency costs of debt rise, including bankruptcy costs. ...
What is the cost basis of my investment? How do I handle spinoffs and corporate mergers? What is my gain on cash in lieu of fractional shares? How do I account for bond premiums and discounts? How do I report my class action claim check?
Additions and subtractions to the cost basis of an asset can dramatically change the amount you owe in taxes when the asset is sold. That's the best argument for good recordkeeping. Hold onto receipts and other documents that detail improvements you have made to your home over time in order...
Fixed expenses are usually negotiated for a specified period but can't decrease on a per-unit basis when they are associated with thedirect costsection of the income statement, fluctuating in the breakdown of costs of goods sold. Unlikefixed costs, variable costsare costs directly associated with...