Tax Tips
Home and Family Taxes
Is this a wash sale? | Is this a wash sale? |
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Let's say I own some shares of XYZ stock that was purchased less than a year ago, and it is currently at a loss. Let's say I also own some shares of XYZ stock that was purchased more than a year ago, and it is currently at a profit. Now let's say I sell all of my XYZ and come out with an overall gain. Read Entire Article |
While nobody likes filing tax returns, most people are rewarded handsomely for their efforts: About 75% of taxpayers get a refund, according to the Internal Revenue Service. In 2005, the average refund rang in at more than $2,000, a nice chunk of change.
| AP - More than 3 million people will have to wait until February to get their tax refunds because of Congress' late fix to the alternative minimum tax, the IRS said Thursday. | |
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