Three Quick Year-End Tax Planning Moves!

year-end-tax-planning

1.Convert a traditional IRA or 401(k) plan into a Roth IRA Since, Roth accounts provide tax-free earnings, tax-free withdrawals and no required minimum distributions (RMDs) after you reach a certain age, converting traditional IRA or 401(k) to Roth IRA is the first moves for year-end tax planning. What you need to weigh, however, is that …

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1031 Exchange Calculator with Answers to 16 FAQs!

1031 exchange calculator

What’s 1031 exchange? That is the first question that hovers one’s mind. A 1031 exchange means that an investor has reinvested the sale proceeds in a new like-kind property to defer all capital gain taxes. This is a “popular term ” for signifying the capital gains tax exemption law enshrined under 1031 of the Internal …

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