People invest with the hope of earning a return over time. But what happens when you choose to sell? Cost basis is key to understanding your tax obligations and the true profit of your investments.

Michael Boyle is an experienced financial professional with more than 10 years working with financial planning, derivatives, equities, fixed income, project management, and analytics. The average cost ...

Calculating the cost basis of cryptocurrency for tax purposes involves considering purchase prices, transaction fees and events such as hard forks or staking rewards. In the context of ...

The tax calculations required for cryptocurrency investments heighten your return’s complexity, and often lead taxpayers to make mistakes during the filing process. For crypto users who use multiple ...

One way to get wealthy in the stock market is to take dividend-paying stocks and reinvest the quarterly payments they make into buying more shares. Dividend reinvestment plans, or DRIPs for short, ...

Knowing the Cost Basis is a crucial aspect for anyone finding themselves dealing with investment or dealing with cryptocurrencies. You might either be a beginner who has only recently purchased your ...

Q. I have an inherited IRA from my grandmother. I receive small Required Minimum Distributions (RMDs) annually since she passed in 2008. What is the cost basis of an inherited IRA for New Jersey? I ...

If you own a small business, you might decide to invest some of the company's money in securities and mutual funds. You need to figure your capital gain or loss when you sell such investments. The ...

Rental value depreciation is the reduction in the value of rental property over time, most often due to wear and tear. The IRS has determined that a building's value deteriorates over the course of 27 ...

Discover essential methods for calculating business costs and their tax implications. Learn how accountants and producers predict expenses and enhance financial efficiency.

Q. I have an inherited IRA from my grandmother. I receive small Required Minimum Distributions (RMDs) annually since she passed in 2008. What is the cost basis of an inherited IRA for New Jersey? I ...