Question I have a mutual fund (custodial account) for my child that was opened 12 years ago. The child is now 17 and will be entering college in the Fall of 2010. 1) Are taxes paid only when the child...
Question With the stock market down and having to sell at a loss and later selling for a gain when the market goes up, these questions arrives: If one sells some stock at a long term loss exceeding $3000 with...
The answer below is posted on behalf of Lynn Lawrance, CFP Two part question: 1. Can my mom put her money in a cd in her name and mine in the format of "Mom (her name) or daughter (my name)...
The below answer is posted on behalf of Bill Perryman, CFP, CPA. Question: Here's my question. I was laid off in 08. I had been contributing substantially to my 401k (403b) to get the pretax benefit. My husband is on...
Question: I have plans to buy a home before next July, and I want to take advantage of the home tax credit. However, I'm being garnished for student loans so my income tax is being garnished as well. Therefore, would...
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