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Calculation of the tax on capital gains has become more complicated than ever. This article describes the rules and planning steps available to reduce the tax.
Here’s a primer simplifying the rules around taxes on capital gains.
Taxpayers should be aware that the threshold for the federal tax on capital gains means that low-income investors may be able to sell some highly-appreciated shares of stock without incurring any tax.
We answer your questions about capital gains in our Primer on the Tax on Capital Gains.
Planning steps to mitigate the new millionaires tax in Massachusetts include spreading out income, 1031 exchange and moving out-of-state.
A true calculation of how capital gains are calculated shows that the Fair Share Amendment would result in extra taxes for very few sellers of homes in Massachusetts.
While it can make sense for a will to direct that all estate property be sold and the proceeds distributed, it can also result in higher capital gains taxes for the beneficiaries.
Biden tax proposals – increase personal & corporate income tax rates, lower federal estate tax exemption. Margolis & Bloom, Wellesley and Boston, MA, 02481
Harry Margolis argues against Biden Administration proposal to eliminate the step-up in basis upon death. Margolis & Bloom, Wellesley and Boston, MA, 02481
Life can seem complicated upon retirement. For tax planning, it’s best not to fret the small stuff. Margolis & Bloom, Wellesley and Boston, MA, 02481.
