The fact that This type of FREE education only has less than 40K subscribers IS Exactly the problem. Countless other useless videos get millions of views & subscribers. I learned this stuff when there was No UA-cam and I had to pay for the education. Now that it's Free, I'm completely baffled by the lack of interest from people who desperately Need the info the most.
Great video! What if you have a capital loss carryover from the year prior and you're in the 0% capital gains tax bracket, and you sell some stock for capital gains...are you allowed to NOT offset capital losses, instead carrying it forward to the next years, effectively taking advantage of the 0% capital gains tax, OR must you offset your capital loss carryover with your gains no matter what? I hope that makes sense!
The beautiful thing is, whether or not we know the law, we get the benefits of the law!! So just buy assets for the long-term. Everything else works out great. The problem is most people aren't buying assets. If anything this is a psychological problem, not really a CPA problem 😂❤😂❤😂
The beautiful thing is, whether or not we know the law, we get the benefits of the law!! So just buy assets for the long-term. Everything else works out great. The problem is most people aren't buying assets. 😂❤😂❤😂 Sherman can help with vetting my long-term investment strategy??
@@mycpacoach It’s my personal residence. I’ve lived there for the past 31 years. While caring for my elderly parents, my Sister and I decided to move back to NC. We have property there so no I will not be purchasing another house. Thanks for your quick response!
I've been searching for an answer about adjusted gross income. I will have less than $47000 in income but I sold my home and have around 400,000 in capital gains including my $250000 exclusion. Will the capital gain be added or is that separate from my normal income? Thank you in advance!
Say I had a disabled cousin on social security in the 0% tax bracket but eventually he had 1 million dollars in stocks that were sold.. how much in tax would he have to pay total?
The fact that This type of FREE education only has less than 40K subscribers IS Exactly the problem. Countless other useless videos get millions of views & subscribers. I learned this stuff when there was No UA-cam and I had to pay for the education. Now that it's Free, I'm completely baffled by the lack of interest from people who desperately Need the info the most.
Great video! What if you have a capital loss carryover from the year prior and you're in the 0% capital gains tax bracket, and you sell some stock for capital gains...are you allowed to NOT offset capital losses, instead carrying it forward to the next years, effectively taking advantage of the 0% capital gains tax, OR must you offset your capital loss carryover with your gains no matter what? I hope that makes sense!
Thank you for the video!
Thank you for your video
Great information!!!!! Why is this not taught in schools? Thank you!
Glad you found it helpful! And good question 🤔
The beautiful thing is, whether or not we know the law, we get the benefits of the law!! So just buy assets for the long-term. Everything else works out great. The problem is most people aren't buying assets. If anything this is a psychological problem, not really a CPA problem 😂❤😂❤😂
Does this work on stocks?
The beautiful thing is, whether or not we know the law, we get the benefits of the law!! So just buy assets for the long-term. Everything else works out great. The problem is most people aren't buying assets. 😂❤😂❤😂
Sherman can help with vetting my long-term investment strategy??
Exactly what I needed to know. Thank You.
Awesome. You’re welcome!
I’m receiving a pension and social security incomes but I’m in the process of selling my home. Will this generate capital gains tax? Thanks
Is it a rental property or personal residence? And are you buying another home?
@@mycpacoach It’s my personal residence. I’ve lived there for the past 31 years. While caring for my elderly parents, my Sister and I decided to move back to NC. We have property there so no I will not be purchasing another house. Thanks for your quick response!
I've been searching for an answer about adjusted gross income. I will have less than $47000 in income but I sold my home and have around 400,000 in capital gains including my $250000 exclusion. Will the capital gain be added or is that separate from my normal income? Thank you in advance!
Say I had a disabled cousin on social security in the 0% tax bracket but eventually he had 1 million dollars in stocks that were sold.. how much in tax would he have to pay total?
Hello. Will they count Pension Income as Earned Income, when considering your tax bracket?
It may.
Many tax payers and retirees are SINGLE filers and 99.99% of this videos place only examples that apply to married filers!