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For any question related to taxes and not otherwise covered by a more specific tag such as income-tax, sales-tax, capital-gains-tax etc. When asking about taxes, please also specify a country tag such as united-states, canada, united-kingdom, etc.

0 votes
3 answers
262 views

Income Tax Avoidance Strategies in the unlikely event you win the lottery? (United States)

As for state taxes, they live in one of the lower state income tax states, and moving to a zero income tax state is possible, but not very practical. …
ab2's user avatar
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6 votes

Does selling shares within 30 days of purchase count as a wash sale?

Addition: With this edit, I add a citation from a well known and highly respected source, instead of merely quoting my experience with the IRS. As the OP described his purchase, and the sale 15 days …
ab2's user avatar
  • 1,900
3 votes
Accepted

Should my wife start working in December or in January

State Income Taxes are often tied to Federal Income Tax so there is unlikely to be any difference in your State Income Tax. …
ab2's user avatar
  • 1,900
4 votes
2 answers
241 views

Question about plausibility of an iffy financial transaction in a crime novel

This is a question about a financial transaction in a novel. At the denouement of the book, An elderly, naive, innocent, middle-class couple who have been bilked by a loan racket run by extremely n …
ab2's user avatar
  • 1,900
2 votes
1 answer
158 views

What happens when the Medicare deductions on one's Social Security (SS) check are larger tha...

This is probably going to happen to me in 2021. For 2020, my net monthly SS benefit will be $8.00 (eight dollars). A little more IRMAA (income related monthly adjustment amount, which is a surcharge …
ab2's user avatar
  • 1,900
5 votes

Bank asking for spouse's financial details: what to tell them?

Your question states that the country is the United States. You also seem confident that the question actually comes from your bank and not a potential scammer, but, as others have stated, best to ma …
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