Loophole: Harvest Tax Losses on Bitcoin and Other Cryptocurrency
Here’s something to know about cryptocurrencies. Because cryptocurrencies are classified as “property” rather than as securities, the wash-sale rule does not apply if you sell a cryptocurrency holding for a loss and acquire the same cryptocurrency before or after the...
What Business Need to Know About Outsourcing Tax Services
Tags: Fractional CFO, Outsourced Bookkeeping Services, Outsourced CFO, Sarasota Tax Problems, Virtual Accounting Services You didn’t get into the business you’re in to spend hours behind a computer worrying about finances. You got into it to chart a path...
The Principal Residence Gain Exclusion Break
The $250,000 ($500,000, if married) home sale gain exclusion break is one of the great tax-saving opportunities. Unmarried homeowners can potentially exclude gains up to $250,000, and married homeowners can potentially exclude up to $500,000. You as the seller need...