society
Can a married business be a S corporation?
If you’re a married business owner and you want your business to be taxed as an S corporation, there are several things you need to know. Let’s take the e...
Mar 14, 2026 2 views
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society
Can someone rent a foreclosed home?
A: You can only rent from a person, not a bank. If the property is still an “reo” and active on the market, you cannot rent it. There are tons of investor...
Mar 14, 2026 2 views
society
What to do right after a parent dies?
To Do Immediately After Someone Dies Get a legal pronouncement of death. Tell friends and family. Find out about existing funeral and burial plans. Make f...
Mar 14, 2026 1 views
society
How is profit calculated when selling a house?
To calculate the cost basis, add the costs of purchase, capital expenses and cost of sale together. If in our example, you had capital expenses, purchase ...
Mar 14, 2026 1 views
society
How long is a holding period?
The Basics of a Holding Period A long-term holding period is one year or more with no expiration. Any investments that have a holding of less than one yea...
Mar 14, 2026 2 views
society
How do I convert my second home to primary residence?
Here’s how you do this: Update your voter registration. Update your driving license. If necessary, visit your county appraiser’s office to file for homest...
Mar 14, 2026 1 views
society
How do you rollover capital losses?
You can report current year net losses up to $3,000 — or $1,500 if married filing separately. Carry over net losses of more than $3,000 to next year’s ret...
Mar 14, 2026 1 views
society
Does capital gains get included in income?
Capital gains are profits from the sale of a capital asset, such as shares of stock, a business, a parcel of land, or a work of art. Capital gains are gen...
Mar 14, 2026 1 views
society
How long can you keep money in a trust fund?
A trust can remain open for up to 21 years after the death of anyone living at the time the trust is created, but most trusts end when the trustor dies an...
Mar 14, 2026 1 views
society
How old was my wife when she died?
We were married for 47 years, and I can’t picture life without her. Editor’s Note: Every Wednesday, Lori Gottlieb answers questions from readers about the...
Mar 14, 2026 1 views
society
How are capital gains taxed for a business?
Capital gains tax for business. If your business sells an asset, such as property, you usually make a capital gain or loss. This is the difference between...
Mar 14, 2026 2 views
society
Is Bitcoin transfer taxable?
U.S. taxpayers must report Bitcoin transactions for tax purposes. Retail transactions using Bitcoin, such as purchase or sale of goods, incur capital gain...
Mar 14, 2026 1 views
