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Home Sales: How To Determine Your “Basis”

  The housing market in many parts of the country is strong this spring. If you’re buying or selling a home, you should know how to determine your “basis.” How It Works You can claim an itemized deduction on your tax return for real estate taxes and home mortgage...

Buying and Selling Mutual Fund Shares: Avoid These Tax Pitfalls

If you invest in mutual funds, be aware of some potential pitfalls involved in buying and selling shares. Surprise Sales  You may already have made taxable “sales” of part of your mutual fund investment without knowing it. One way this can happen is if your mutual...