asked
I am being laid off and need to sell my stock options before mid-April to avoid losing them. My taxable income last year was about $118k, and this year it may be slightly higher. The options are worth around $44k, and the stock price is rising. I am concerned about selling due to potentially moving into a higher tax bracket. Should I sell the options now, or wait until next year when my income might be lower? My current income this year is $168k, expected to reach $180k by year-end, and my wife's income is $5k. We file jointly.
May 30th, 2024
I want my 2019 tax withholding to be close to break-even at tax time. I used the IRS online calculator but am unsure if I provided the correct data for accurate results. My last year's gross income was $84,551, and this year's expected gross income, including a bonus, is $95,324.
September 24th, 2023
I am the sole owner of an LLC that only conducts stock and options trading. How should I file my taxes this year, considering I have a full-time job and use TurboTax for my tax filing?
September 10th, 2023
I did not retain a copy of the tax information which I submitted for 2017. How do I get a copy of the information?
April 25th, 2023
Can I claim tax deductible for my car purchase that I used for driving job, and can I still claim that deductible (based on car sales price) after 3 years since I purchased the car?
February 2nd, 2024
How do I find the fair market value of a 2003 car for tax year 2006, given that I had to voluntarily turn the car into the bank in 2006 and VW Credit wiped it off their books in 2016? The IRS requires this value for my 2016 taxes.
November 5th, 2023