Capital Gains and Losses - 2021

Capital Gains and Losses – 2021

Wajahat Khalid
September 03, 2021 0 Comments
Capital Gains and Losses Capital Assets Most property you own and use for personal or investment purposes is a capital asset. For example, a house, furniture, car, stocks, and bonds are capital assets. Noncapital Assets A...
Charitable Contributions Guide - 2021

Charitable Contributions Guide – 2021

Wajahat Khalid
September 02, 2021 0 Comments
Charitable Organizations Qualified charitable organizations include nonprofit groups that are religious, charitable, educational, scientific, or literary in purpose, or that work to prevent cruelty to children or animals....
Cancellation of Debt Insolvency - 2021

Cancellation of Debt Insolvency – 2021

Wajahat Khalid
September 01, 2021 0 Comments
Cancellation of Debt Insolvency If some or all of your debt is cancelled, the amount of cancelled debt is generally taxable and must be reported on your return. However, you may be able to exclude the cancellation of debt...