As of March 14, 2023 The RMD rules apply to all employer sponsored retirement plans, including profit-sharing plans, 401(k) plans, 403(b) plans, and 457(b) plan...
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The tax implications for an inherited IRA depend on the type of IRA and the timing of withdrawals:
Roth IRA-----Withdrawals of contributions are tax-fre...
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The number or amount of mortgage on the house has no effect on the net profit.
To figure your net gain take the sales (plus cost of sale) price minus the...
Revocable and Irrevocable trusts are not taxed the same:
Revocable trusts
The grantor is typically responsible for paying taxes on the trust's income.The trus...
To depreciate the house you will need
1. Date purchased
2. Date available to rent
3. Cost basis(purchase price plus certain closing cost)
4. You will need to ha...
