Showing posts with label ordinary. Show all posts
Showing posts with label ordinary. Show all posts
Saturday, February 8, 2025

A Call From Chuck

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I was speaking with a client this week. He told me that he recently retired and his financial advisor recommended he discuss a matter with m...
Monday, September 2, 2024

Taxing A 5-Hour Energy Drink

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  I am skimming a decision from the Appeals Court for the District of Columbia. I am surprised that it is only 15 pages long, as it involves...
Sunday, August 4, 2024

Section 1244 Stock: An Exception To Capital Loss

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I was looking at a case involving Section 1244 stock. I remember studying Section 1244 in school. On first impression one could have expec...
Sunday, January 28, 2024

Using A Fancy Trust Without An Advisor

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  I am a fan of charitable remainder trusts. These are (sometimes) also referred to as split interest trusts. What is an interest in a tru...
Friday, November 26, 2021

Qualifying For Stock Loss Under Section 1244

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  I am looking at a case having to do with Section 1244 stock. And I am thinking: it has been a while since I have seen a Section 1244. ...
Sunday, January 31, 2021

Abandoning A Partnership Interest

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I suspect that most taxpayers know that there is a difference between long-term capital gains and ordinary income. Long-term capital gains r...
Sunday, August 18, 2019

You Sell Your Lottery Winnings

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I was looking at a case where someone won the New York State Lottery. I could have worse issues, methinks. But there was a tax iss...