Capital Gains, Minimal Taxes: The Essential Guide for Investors and Traders

Joseph Hurley, author of The Best Way to Save for College
A guide for investors that is not only extremely thorough, but easily understood.


Julian Block, Larchmont, NY tax lawyer and syndicated columnist
Alerts investors to perfectly legal strategies for reducing taxes that are often overlooked.


Book Description
For anyone who buys and sells stocks, mutual funds or stock options, this book makes it easy to understand the tax rules — and the best strategies for minimizing taxes. The 2004 edition covers all tax changes through December 2003. It is written in plain language but backed by solid research that makes it the most authoritative book on the subject. For stock investors it provides complete coverage of the relevant tax provisions, including the capital loss limitation, how to identify shares, the wash sale rule, and the special tax rate for qualified dividends. Mutual fund investors will learn how and when to use the averaging rules for sales of mutual fund shares and how to handle all the categories of mutual fund dividends. Advanced investors will find a clear explanation of tax rules for short sales, stock options and "straddles." The book also explains how buying and selling activity may qualify you as a trader — and if so, how that will affect your taxes. This isn't an all-purpose book on taxation of investments. You won't learn about Roth IRAs or variable annuities or even the rules for reporting interest from government bonds. The goal is to do one thing well: explain how people who buy and sell stocks, mutual funds and stock options can minimize the tax cost of those investments.


About the Author
Kaye A. Thomas is author of Consider Your Options, the leading book about how to handle stock options and other forms of equity compensation, and also Fairmark Guide to the Roth IRA, a complete guide first published in 2004. He's also the Internet's best known tax explainer, maintaining a highly regarded web site with hundreds of pages of free tax guidance. He graduated cum laude from Harvard Law School in 1980.


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Kaye Thomas' Capital Gains, Minimal Taxes: The Essential Guide For Investors And Traders is a "plain language" guide to stocks, mutual funds, options, and tax strategies for maximizing returns and minimizing tax liabilities. Complete, authoritative, practical, "user friendly", this guide is ideal for those new to investment portfolio management and will prove both practical and invaluable in creating a personal financial investment plan with allied strategies. Indeed, Capital Gains, Minimal Taxes has much of value to offer even experienced investors with respect to tax rules for short sales, stock options, and "straddles". Highly recommended reading for sensible small investor strategic financial and investment planning.


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