Americans are dodging capital gains taxes by gifting their booming assets to their parents. But is this legal?
Stories Related to Americans Are Dodging Capital Gains Taxes By Gifting Their Booming Assets To Their Parents. But Is This Legal?
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Wed, 11/06/2024 - 4:32am
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BING NEWS:
- Americans are dodging capital gains taxes by gifting their booming assets to their parents. But is this legal?
If you sell capital assets, you have to pay capital gains taxes on the profit you make. The amount that is taxed is the difference between the cost basis, which is the amount you bought the asset for, ...
11/5/2024 - 10:41 pm | View Link - ‘I worry I’ll be forced to sell the house’: My parents put their house in my name. Was this a terrible mistake?
Dear Quentin, My parents’ house was legally put into my siblings’ and my names, along with our parents’ names, over 20 years ago. My father has passed away and my mother is elderly. When the time ...
11/2/2024 - 3:47 am | View Link - WA’s capital gains tax, facing repeal, helps fund early learning
The capital gains tax, advocates say, allows the state to put more public dollars toward early learning. Others argue it hampers Washington’s business climate.
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This comprehensive look at Harris and Trump's tax proposals covers income tax rates, tax credits and deductions, capital gains tax, estate tax, corporate tax and more ...
10/26/2024 - 12:04 am | View Link - Here's how to leverage higher income limits for the 0% capital gains bracket
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