Smart tax planning happens all year round. Here are four things you can do this summer to improve your standing when tax time rolls around again.
Stock Sales and Other Capital Gains. TurboTax Premier can help you file Schedule D, which coverscapital gains or lossesfrom the sale of securities, real property, and other assets, and walk you through relevant credits and deductions. You can automatically import transaction records from your broke...
Normally, when you sell investment property, you're required to paycapital gains taxon the profit. But with a 1031 tax-deferred exchange (also known as a “like-kind exchange”), you can delay payment of the tax on the sale of real property (your “original” property) if you use the ...