Loss Deductions on Gifted Property
Question: I am contemplating giving to my daughter stock which has decreased in value below my purchase price. Is my daughter entitled to a tax loss if she sells the property?
Tax Aspects of Purchasing and Selling Independent Sales Representative Organizations
Related Articles
IRA Distribution Issues for Non-Designated Beneficiaries
Question: My widowed father recently died and failed to designate myself nor any of my siblings as beneficiaries of his IRA. Is there an opportunity to have these funds paid out over a prolonged period of time and avoid the five-year payout period?
Tax Free Income from Short-Term Rentals
Question: I have a lake house which I occasionally rent to my corporation for business use. Am I still allowed to both exclude from tax the rental income I receive and have the corporation deduct the rent paid?