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Usually, if the entire gain from the sale of a primary residence is below the thresholds for tax obligations, the gain will ...

The IRS allows you to deduct capital losses on a stock or other investments from your taxable income. You will have to file ...

Tax credits for homeowners don't require you to itemize. They directly reduce the amount of taxes you owe, and you can ...

As mentioned, you can report your cryptocurrency income on several IRS forms, such as Form 1099-B, Form 1099-K, Form 8949, ...

Filing cryptocurrency taxes in the United States can be a complex process, but it is essential for all investors and traders to comply with the law.

K and Y — on Form 1099-DA to match the recipient’s Form 8949 (Sales and Other Dispositions of Capital Assets) for the tax year. These codes help taxpayers correctly categorize gains or losses ...

In light of the approaching April 15 tax filing deadline, this week’s update highlights recent developments in U.S. federal tax policy that may ...

Additionally, inheritance tax could apply if the giver dies within seven years of the gift. Form 8949: For reporting capital gains and losses from crypto sales, trades and disposals. Each ...