It's been almost ten years since Congress decided to make most home sale profits tax-free. When the law changed in 1997, most tax advisers thought it would be safe for most homeowners to stop ...

Losses from sales of primary homes are not deductible. Here's an example: Say you're married, bought your home in 1995, have a tax basis of $250,000, and are selling the home for $650,000.

directly affecting the cost basis and the amount of capital gain or loss they report for tax purposes. With LIFO, users sell the most recently purchased cryptocurrency first. For example ...

It's called basis-shifting, which is a complicated tax hack where businesses or individuals ... trade their assets so that ...

We support the continuation of an unlimited stepped-up basis for farm and ranch businesses. Estate taxes should be permanently eliminated. The capital gains tax rate should be reduced and assets ...