Get Lower Your Taxes - BIG TIME! 2017-2018 Edition: Wealth Building, Tax Reduction Secrets from an IRS Insider, 7th Edition now with O’Reilly online learning.
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Taxation with representation ain’t so hot either.
—Gerald Barzan, humorist
The purpose of this chapter is for you to:
• Understand the tax consequences of disposing of stocks, bonds, and mutual funds and receipt of dividends.
• Understand how to compute capital gains and losses.
• Learn what you need to accomplish in order to reduce your capital gains.
• Learn about the Wash-Sale rule and how to avoid it.
• Learn about investment mistakes made by many investors such as:
– Why you should hold stocks and bonds for more than a year.
– Why you should keep good records for ...