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☆ Here are 3 smart crypto tax moves to consider — whether prices go up or down
▼ + stars: | 2024-07-30 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +2 min

Weigh 'tax gain harvesting'Despite recent dips, many long-time crypto investors could have significant gains. Long-term capital gains rates apply to assets owned for more than one year. Of course, you'll need to weigh the tax consequences of boosting your adjusted gross income with crypto gains, which can impact other tax breaks. Consider the crypto wash sale 'loophole'If you're sitting on crypto losses, you could consider tax-loss harvesting, which allows you to offset other investing profits. Although tax-loss harvesting often happens at year-end, it's better to harvest crypto losses over time because "those losses may no longer exist" by year-end, Gordon explained.

Persons: bitcoin, Andrew Gordon, Adam Markowitz, Gordon Organizations: Getty, Gordon Law Group, Luminary, IRS Locations: Windermere , Florida

☆ Bitcoin is up more than 50% this year — here are key crypto tax rules every investor should know
▼ + stars: | 2024-07-29 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +2 min

After holding crypto for more than one year, you'll qualify for long-term capital gains of 0%, 15% or 20%, depending on taxable income. Higher earners may also owe an extra 3.8% levy, known as net investment income tax. By comparison, short-term capital gains or regular income taxes apply to assets owned for one year or less. New crypto reporting rulesThe U.S. Department of the Treasury and IRS in June released final guidance for digital asset brokers, which phases in mandatory yearly reporting. With limited past reporting on basis, crypto investors can still establish a "reasonable allocation" before Jan. 1, 2025, according to an IRS revenue procedure released in June.

Persons: Donald Trump, Jon Cherry, Adam Markowitz, Andrew Gordon Organizations: Republican, Getty, IRS, Luminary, Internal Revenue Service, U.S . Department of, Treasury, Gordon Law Group Locations: Nashville , Tennessee, Windermere , Florida

☆ Graceland questions authenticity of Elvis memorabilia sold by auction house with ties to Priscilla Presley
▼ + stars: | 2024-07-22 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Chloe_Melas.Jpg | Chloe Melas | ) www.nbcnews.com time to read: +13 min

Its owner, Brigitte Kruse, formed a relationship with Elvis' ex-wife, Priscilla Presley, and has even acted as her power of attorney. The questions over some of Kruse’s Elvis items reflect the murky world of celebrity memorabilia. The problem, these collectors say, is that there are dishonest people with Elvis ties providing bogus items to auction houses. In her suit, Priscilla said they were introduced by a mutual connection who said Kruse wanted to discuss her business selling Elvis memorabilia. In the days before the auction, Priscilla did media interviews explaining why she was endorsing it.

Persons: Joel Weinshanker, Elvis, Elvis Presley, ” Weinshanker, Elvis ’, Brigitte Kruse, Priscilla Presley, Weinshanker, Priscilla vouching, Priscilla, Kruse, ” Kruse, “, ”, Stephen Shutts, Elvis ’ “, Roy McKay, McKay, ” McKay, Priscilla Kruse, Tom Parker, King, ” Presley, Domenick Fini, Vernon Presley, Parker, Graceland, cufflinks, Mecum, James Webb, Webb, “ Priscilla, Priscilla’s Organizations: Elvis Presley Enterprises, NBC, GWS, NBC News, Lockheed Jetstar, Reuters, NBC News Graceland, Graceland, GAB, Mecum, Elvis, YouTube Locations: Memphis, California, Windermere , Florida, New Mexico, Graceland, Hawaii, Tenn, Kissimmee , Florida

☆ These surprise sources of income could cost you during tax season
▼ + stars: | 2024-02-28 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +4 min

Investors are celebrating a year of easy-to-obtain interest income, but the Tax Man will want his slice this spring. Institutions report interest income of $10 or more to their customers and the Internal Revenue Service on Form 1099-INT . For instance, you can be on the hook for an accuracy-related penalty of 20% of the underpayment of the tax. Interest income from these I bonds is subject to federal income tax, but investors don't receive it until they redeem the bond or it matures. "It might be worth it to buy the MLP and pay the tax," Kearns said.

Persons: Elizabeth Buffardi, Buffardi, you'll, Jerrod Pearce, Adam Markowitz, Brian Kearns, Kearns Organizations: Internal Revenue Service, IRS, CPA, Creative Planning, Luminary, CFP, Haddam, Advisors, MLP Locations: Oak Brook , Illinois, Overland Park , Kansas, Windermere , Florida, Evanston , Illinois

The lawsuit by X Social Media claims that X Corp, which owner Elon Musk began rebranding to X from Twitter in July, was likely to cause consumer confusion. X Social Media declined to comment. Windermere, Florida-based X Social Media is an ad agency focused on mass-tort litigation. The lawsuit said the agency has used the "X Social Media" name since 2016 and owns a federal trademark covering it. X Social Media asked the court to force Musk's company to stop using the "X" name and requested an unspecified amount of money damages.

Persons: Carlos Barria, Elon Musk, Jacob, Roseanna Malherbe, Blake Brittain, Dietrich Knauth, David Bario, Angus MacSwan Organizations: REUTERS, X Corp, Twitter, X Social Media, Microsoft, Social Media, Thomson Locations: San Francisco , California, U.S, Florida, Windermere , Florida, Gulf of Mexico, Washington, New York

☆ The secret queer history of flowers
▼ + stars: | 2023-06-25 | by ( Aj Willingham | ) edition.cnn.com time to read: +6 min

Many of these flowers have deep connections to queer icons or are echoed in other queer symbols. (Even more complex emotions like, say, bashfulness, were associated with their own flowers, which surely wasn’t confusing at all.) It makes sense, then, that queer communities would find both beauty and belonging by continuing this interesting tradition. Today, the lavender flower still appears in newer symbols of queerness. The Japanese word for rose is pronounced “bara,” and experienced a resurgence in queer media in the 1960s and 1970s.

Persons: CNN —, Lavender, Sappho, Betty Friedan, Violet Violets, “, violets, Lesbos ”, Renée Vivien, Edouard Bourdet, Pansy “ Pansy ”, pansy, ”, Paul Harfleet, Rose, Japan’s, Oscar Wilde, Windermere’s Fan, ” Wilde Organizations: CNN, Stonewall, National Organization for Women Locations: Europe, New York City, Lesbos, Paris, British, ”

☆ More taxpayers will receive tax forms from apps such as Venmo, PayPal for 2023. Here's how to avoid tax issues
▼ + stars: | 2023-05-23 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +4 min

As a result of the change, more taxpayers are likely to receive Form 1099-K, which reports third-party business payments to the IRS. Some lawmakers are pushing to increase the reporting threshold, so it could change further. However, regardless of the tax reporting threshold, it's important to remember P2P business payments have always been taxable, experts say. Here are some additional tips to consider before the reporting change in January. An accounting system may also make it easier to track business expenses, which may be deducted to reduce taxable income, Guarino said.

Persons: Tommy Lucas, Moisand Fitzgerald Tamayo, Lucas, It's, Jim Guarino, Baker Newman Noyes, Guarino, Adam Markowitz, I've, Markowitz Organizations: Getty, Taxpayers, PayPal, eBay, IRS Locations: Orlando , Florida, Woburn , Massachusetts, Windermere , Florida

☆ Sick of sewage, Britons protest at water companies' pollution
▼ + stars: | 2023-05-20 | by ( ) www.reuters.com time to read: +3 min

To the beat of a drumming band and waving placards, the protestors called on Britain’s water companies to do more to prevent sewage discharges. "We are sick of this sewage and they need to take action," Izzy Ross, Surfers Against Sewage's campaign manager told Reuters. Public anger has been fuelled by the payment of dividends to investors and large salaries and bonuses to water industry executives. Campaigners say water companies are discharging much more often than they should, including when there has been no rain. On Thursday, Water UK, the trade body representing the UK water industry, apologised, said the public was right to be upset, and said more should have been done to address the issue of spillages sooner.

☆ U.S. house prices to fall 12% peak to trough: analysts - Reuters poll
▼ + stars: | 2022-12-02 | by ( Hari Kishan | ) www.reuters.com time to read: +3 min

Such a modest fall after a 40% rise in average house prices over the last two years based in part on a surge in demand for more space during the COVID-19 pandemic will not be enough to make housing affordable, analysts said. House prices have doubled in the last decade but a doubling in mortgage rates since the start of this year from 3.3% to around 6.5% has brought the historic boom to a screeching halt. Average U.S. house prices as measured by the Case Shiller 20-City index are forecast to rise 13.6% this year and fall over 5.6% in 2023, the Nov. 8 - Dec. 2 poll of 25 housing strategists showed. If realized, it would be the first full-year decline in house prices in a decade. Average U.S. house prices peaked in June on this measure and are already down about 4% since then.

☆ IRS warns taxpayers about new $600 threshold for third-party payment reporting
▼ + stars: | 2022-11-23 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

The IRS on Tuesday shared tips for the upcoming tax season — including a reminder about the new $600 threshold for receiving Form 1099-K for third-party payments. The change applies to payments from third-party networks, such as Venmo or PayPal, for transactions such as part-time work, side jobs or selling goods, according to the IRS. Before 2022, the federal Form 1099-K reporting threshold was for taxpayers with more than 200 transactions worth an aggregate above $20,000. However, Congress slashed the limit as part of the American Rescue Plan Act of 2021, and a single transaction over $600 may now trigger the form. More from Personal Finance:Biden administration extends payment pause on student loan debt'The stakes are high.'

☆ 12 queer icons to channel this Halloween
▼ + stars: | 2022-10-25 | by ( Ellie Rudy | ) www.nbcnews.com time to read: +10 min

Without further ado, here is a selection of queer icons and pop culture favorites — in no particular order — whom you can channel for Halloween (a.k.a. For a relatively stress-free Halloween ensemble, throw on a tux, top hat, a pocket square and some fierce red lipstick. To channel Ms. Kahlo this Halloween, you’ll need her signature unibrow (eyeliner or an eyebrow pencil should do the trick), a flower crown, red lipstick, a colorful blouse and a floor-length skirt. For this costume, you’ll need a fedora, a (preferably pastel) dress shirt, a tie matching the hat and, if you’re really feeling the fantasy, a color-coordinated sweater vest. If you dress up as any of these queer icons and pop culture favorites for Halloween, tag @NBCOut on Twitter or Instagram in a costume photo!

☆ O femeie a născut în mașină, în timp ce partenerul ei mergea cu aproape 100 km/h
▼ + stars: | 2021-05-03 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +1 min

O femeie a dat naștere fiicei ei, în mașină, în timp ce partenerul ei conducea cu 96 de kilometri pe oră pe o șosea inundată. Tânăra de 28 de ani era la doar câteva minute distanță de spital, când a născut. Femeia a povestit că ea, dar și partenerul ei au început să țipe, iar când au ajuns la spital, bărbatul a coborât din mașină și a început să alerge desculț. Nu le venea să creadă că am născut în mașina care mergea cu viteză”, a spus femeia. „Se simte foarte bine acum și este cel mai cuminte copil, ceea ce e șocant, având în vedere modul în care s-a născut”, a spus mama micuței.

Persons: Siena Organizations: Independent Locations: Cumbria, Windermere

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