Thanks. I have the impression that if I used more than $3,000 to offset capital gain, I cannot do another $3,000 offset to ordinary income. Wrong?Just to clarif...
Thanks for the explanation.I know most of the items like itemized deduction, standard deduction and tax bracket you covered. Assuming I do a $10K charity contri...
My wife and I are retired. I have a government pension, and my wife has SSI pension.Let say, I start a single member LLC. The self-employment tax rate is15.3% c...
Not sure what you said by this:Losses from stock sales are capital losses (unless you are a dealer in securities), however, and can be used to offset capital ga...
A little confuse about carryover losses from prior year and/ with LLC Schedule C losses.Say, I lost $20K Stock trading in 2023 and is carry to 2024 TY. In 2024,...
