J.K. Lasser's 1001 Deductions and Tax Breaks 2018

CHAPTER 8 Investing

• Penalty on Early Withdrawal of Savings
• Loss on Bank Deposits
• Capital Losses
• Capital Gains and Qualified Dividends
• Worthless Securities
• Loss on Section 1244 Stock
• Margin Interest and Other Investment-Related Borrowing
• Safe-Deposit Box Rental Fee
• Subscriptions to Investment Newsletters, Online Services, and Apps
• Computers and Tablets Used for Investments
• Fees for Financial Advice
• Amortization of Bond Premium
• Municipal Bonds
• Savings Bonds
• Gain on the Sale of Small Business Stock
• Gain on Empowerment Zone Assets
• Foreign Taxes on Investments
• Exercise of Incentive Stock Options
• Losses from Investment Ponzi Schemes

Alert

At the time this book was completed, Congress was considering important tax changes that could affect 2017 tax returns and planning for 2018. Check the online Supplement in February 2018 at www.jklasser.com or www.barbaraweltman.com to see what changes have been enacted and when they are effective.

Putting money aside for that proverbial rainy day is an admirable and necessary goal but it can be a difficult proposition, especially when your paycheck doesn't seem to stretch far enough. Still, savings and investing are essential to your financial well-being, and Americans are saving at a growing rate. According to Federal Reserve Bank of St. Louis, the personal savings rate in the U.S. was 3.5% as of July 2017, up from a low of 1.9% in July 2005. Fortunately, the tax laws can help you to make the most of your efforts. It also provides ...