If the difference between the market value and the selling price exceeds this exemption amount, your parents will have to file a gift tax form. They can also use the $13.99 million lifetime ...

Millions of American homeowners are facing a hidden tax burden they didn't anticipate due to an outdated federal rule.

The Why and How of Tax-Loss Selling. Tax-loss selling involves selling positions in a taxable account that are trading below your cost basis—your purchase price adjusted for any commissions you ...

Say you bought shares of XYZ for $50,000 and XYZ is now worth $40,000. By selling the shares for $40,000, you “harvest” a $10,000 loss. Tax law states that the loss is first used to offset ...