Tax Time
For filing taxes in general there is a lot of information, rules, codes, etc. to know about. And when you add trying to figure out how to incorporate your investment earnings and losses there’s even more you need to know. Below are a few links that may have information you can use when getting ready for tax preparation.
I found this article on MSN Money about how “the tax code is built to let you use the money you lost to minimize your tax bill.”
GainsKeeper has a new tool available called DivTracker that “takes the hassle out of calculating qualified dividends. You’ll receive a Qualified Dividend Report displaying your ‘Ordinary’ and ‘Qualified’ dividend income classifications. Qualified dividends are taxed at a lower rate than ordinary dividends, so identifying qualified dividends correctly can save you money.”
Motley Fool has an informative article on preparing to prepare your taxes. They tell you what records and information from your investments you will need for tax preparation.