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It’s likely that you hold property jointly with your spouse. Unfortunately, that can lead to tax confusion when you sell, bequeath or transfer your property. Plus, seemingly innocuous withdrawals can cause tax complications if you’re not careful.
Q My brother and I inherited a beach house from our mother three years ago. I moved into the house permanently two years ago. If we sell the house now, do we each qualify for tax-free gain? L.M., Belmar, N.J.
Qualifying for home-sale exclusion demands ownership and residence for two of the past five years
So, you’ve decided to retire early. Congratulations! But before you devote your life to perfecting your golf swing or trotting around the globe, make sure your financial house is in order.
Q: I recently invested in several bond funds. These funds pay out dividends before the end of the year. Are the dividends tax-free?
I recently invested in several bond funds. These funds pay out dividends before the end of the year. Are the dividends tax-free? C.W., Portland, Ore.
Contrary to popular belief, credit unions aren’t just for unions, governments or Fortune 500 companies.
Are dividends earned from bond funds taxable?
How can you save for retirement while you’re operating your own business? At one time, small business owners were often left out in the cold. But saving for retirement isn’t just for the “big boys,” anymore.
Some employees can quietly listen to music at their workstation with no disruption to co-workers and no damage to their productivity. But with the explosion of new media outlets—such as iPods, Internet music and satellite radio like Sirius and XM—people can now listen to what they want, when they want and where they want.