Player FM 앱으로 오프라인으로 전환하세요!
2849: Tax Basis For Beginners by Sean Mullaney of FI Tax Guy on Double Taxation & Clarifies Taxable Gains
Manage episode 437312682 series 2359086
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 2849:
Sean Mullaney of FITaxGuy.com demystifies the concept of tax basis, illustrating how it prevents double taxation and clarifies taxable gains. Learn the essentials of depreciation, the benefits of a step-up in basis at death, tax loss harvesting strategies, and the unique considerations for basis in retirement accounts.
Read along with the original article(s) here: https://fitaxguy.com/tax-basis-for-beginners/
Quotes to ponder:
"Basis is what allows us to measure the appropriate gain or income to the seller of property."
"The tax basis of inherited assets is 'stepped-up' to the fair market value of the asset on the original owner’s date of death."
"Tax loss harvesting is a neat tool in the tax planning toolbox."
Episode references:
Internal Revenue Service: https://www.irs.gov
Learn more about your ad choices. Visit megaphone.fm/adchoices
2871 에피소드
2849: Tax Basis For Beginners by Sean Mullaney of FI Tax Guy on Double Taxation & Clarifies Taxable Gains
Optimal Finance Daily - Financial Independence & Money Advice
Manage episode 437312682 series 2359086
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 2849:
Sean Mullaney of FITaxGuy.com demystifies the concept of tax basis, illustrating how it prevents double taxation and clarifies taxable gains. Learn the essentials of depreciation, the benefits of a step-up in basis at death, tax loss harvesting strategies, and the unique considerations for basis in retirement accounts.
Read along with the original article(s) here: https://fitaxguy.com/tax-basis-for-beginners/
Quotes to ponder:
"Basis is what allows us to measure the appropriate gain or income to the seller of property."
"The tax basis of inherited assets is 'stepped-up' to the fair market value of the asset on the original owner’s date of death."
"Tax loss harvesting is a neat tool in the tax planning toolbox."
Episode references:
Internal Revenue Service: https://www.irs.gov
Learn more about your ad choices. Visit megaphone.fm/adchoices
2871 에피소드
모든 에피소드
×플레이어 FM에 오신것을 환영합니다!
플레이어 FM은 웹에서 고품질 팟캐스트를 검색하여 지금 바로 즐길 수 있도록 합니다. 최고의 팟캐스트 앱이며 Android, iPhone 및 웹에서도 작동합니다. 장치 간 구독 동기화를 위해 가입하세요.