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Investments and Tax Season
Tax season is upon us. Earnings from taxable investments need to be reported to the Internal Revenue Service. Getting your investment papers gathered and organized is one of the critical first steps.
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***You will want to keep track of cost basis to determine if you have made a profit or a loss. Capital losses on stocks and bonds can be used to reduce your current tax bill. They can also be applied to future tax bills. I am not a tax professional so please consult a tax preparer or adviser in regards to capital losses.***
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Sandra Baublitz, Investing Editor
Investing $10K in 2014 - http://www.amazon.com/dp/B00HMCXX5S
Investing $10K in 2013 - http://www.amazon.com/dp/B00G5KZZ40
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