Capital loss tax deductions from beyond the grave
Yvonne's recently-passed husband had capital losses. Did she maximize the claim on his final tax return?
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Yvonne's recently-passed husband had capital losses. Did she maximize the claim on his final tax return?
Short answer: yes, but there's a lot more to it. Failing to fill in the correct forms can result...
Do you pay when each person dies? Or when the cottage is sold?
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Beware the Windfall Elimination Provision
Would create $250 million per year in additional federal revenue
Taxes and missed compounding opportunities add up
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What you need to know and how those distributions are eventually taxed