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Reset Cost Basis Higher By Realizing Capital Gains
2011 is coming to an end. For those in the 10% and 15% tax brackets, you will want to realize some long term capital gains to reset your cost basis higher while you still enjoy the special 0% long term...
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Happy Trails With Income Poor
This is the third and final installment on my Asset Rich Income Poor strategy. The road to asset rich sounds simple at a high level but it’s not that easy at the details level, because every decision...
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Converting to Roth and Harvesting Capital Gains Under Obamacare Premium Subsidy
I posted this chart in the previous post Stay Off Obamacare Premium Subsidy Cliff. It looked at the sudden jump in the net health insurance premium once your income goes above the premium subsidy...
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Change Your Cost Basis Method From Average Cost To Specific Identification
If you have a “regular” taxable investment account (anything other than your tax advantaged accounts such as your 401k, 403b, IRA, Roth etc.), you should understand the different cost basis tracking...
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Adjust Cost Basis for ESPP Sale In TurboTax
Several readers asked me how to do taxes on ESPP sales in my article about doing taxes on sales from vested RSUs: Restricted Stock Units (RSU) and TurboTax: Net Issuance. It’s similar but not exactly...
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Adjust Cost Basis for ESPP Sale In H&R Block Software
The new IRS regulation for ESPP shares acquired in 2014 or thereafter requires adjusting the basis. Otherwise you will be double-taxed on the discount. Reader Roger asked me how to do it in H&R...
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Calculator: Sell Your Home For Tax Free Capital Gains
Reader Mark asked in Reset Cost Basis Higher By Realizing Capital Gains: I live in NYC where home prices seemingly always on the rise. When I reach the 250k threshold of tax free capital gains, should...
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2018 Tax Calculator With ACA/Obamacare Health Insurance Subsidy
Since the passing of the new tax law, major tax software vendors such as TurboTax, H&R Block, and TaxACT updated their online tax calculators to include a comparison between 2017 and 2018....
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California and New Jersey HSA Tax Return Special Considerations
After Alabama made its state law conform to the federal law, California and New Jersey are the only two remaining states that don’t recognize Health Savings Accounts. After reading my updated Best HSA...
View Article2019 2020 ACA Health Insurance Premium Tax Credit Percentages
If you buy health insurance from healthcare.gov or a state-run ACA exchange, whether you qualify for a premium tax credit is determined by your income relative to the Federal Poverty Level (FPL). You...
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