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capital loss

  • Permalink

    How Are Capital Losses Deducted?

How Are Capital Losses Deducted?

By Ilyce Glink| 2019-12-13T10:52:46-06:00 December 13th, 2019|

How are capital losses deducted? This reader wants to know how to go about claiming long-term capital losses on income taxes. Q: My wife and I sold two adjacent properties via quit claim deeds this year. We originally bought the properties in 1994 for $20,000, ($10,000 each) as an investment. We thought we’d build rentals [...]

  • tax tips tax consequences failed business
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    Tax Tips and Tax Consequences of Failed Businesses

Tax Tips and Tax Consequences of Failed Businesses

By Guest| 2017-03-20T11:33:53-05:00 September 26th, 2011|

I’m always being asked for the best tax tips to manage financial losses. In a recent edition of TalkBiz News, Paul Myers described a common problem—paying someone thousands of dollars and getting nothing in return. He wrote: One guy I spoke with recently spent $7,000 with someone who failed to deliver anything he promised. The [...]

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