J.K. Lasser's 1001 Deductions and Tax Breaks 2015: Your Complete Guide to Everything Deductible

CHAPTER 8 Investing

1. Penalty on Early Withdrawal of Savings
2. Loss on Bank Deposits
3. Capital Losses
4. Capital Gains and Qualified Dividends
5. Worthless Securities
6. Loss on Section 1244 Stock
7. Margin Interest and Other Investment-Related Borrowing
8. Safe-Deposit Box Rental Fee
9. Subscriptions to Investment Newsletters and Online Services
10. Home Computer Used for Investments
11. Fees for Financial Advice
12. Amortization of Bond Premium
13. Municipal Bonds
14. Savings Bonds
15. Gain on the Sale of Small Business Stock
16. Gain on Empowerment Zone Assets
17. Foreign Taxes on Investments
18. Exercise of Incentive Stock Options
19. Losses from Investment Ponzi Schemes

 

Alert

At the time this book was printed, Congress had not extended numerous breaks for 2014 that had expired at the end of 2013. Check the online supplement in February 2015 at www.jklasser.com or www.barbaraweltman.com to see whether these breaks apply for 2014 returns.

Putting money aside for that proverbial rainy day is an admirable and necessary goal but it can be a difficult proposition, especially in tough economic times when your paycheck doesn't seem to stretch far enough. Still, savings and investing are essential to your financial well-being, and the tax laws can help you to make the most of your efforts. It also provides tax breaks if your investments don't work out.

This chapter deals with tax breaks for so-called taxable accounts and other investments that are not held in tax-favored retirement accounts. The tax breaks for IRAs and qualified retirement ...