2007-01-15 19:13:57 · 2 answers · asked by Sizzle Pizzle 3 in Business & Finance ➔ Investing
If you want to save taxes, invest in stocks that has no dividends payout. Capital gain is not taxable.
2007-01-15 21:11:33 · answer #1 · answered by Dang 3 · 0⤊ 1⤋
The IRS rules is desperate as much as require you to make the mark-to-industry election in the previous you recognize in case you have earnings or losses for the three hundred and sixty 5 days. The mark-to-industry election does no longer sidestep you from claiming you're "day dealer"--yet all you get from being a dealer devoid of it relatively is the spectacular to head your expenses from time desk A to time desk C. you nonetheless could desire to checklist each and every transaction one by one for the time desk D and are constrained to claiming $3000 as your internet loss in any unmarried 3 hundred and sixty 5 days. i've got seen one tax courtroom case the place somebody effectively claimed MTM after the final date. There are a number of the place the tried paintings around replaced into shot down by potential of the courtroom.
2016-12-13 08:28:50 · answer #2 · answered by berkey 3 · 0⤊ 0⤋