Taxes on investments depend on the types of your investment. While it's not always the most fun thing to tackle, smart income tax planning is important. You can save money on your taxes by understanding how to maximize certain things.
One of the areas of confusion, particularly if you're relatively new to it, is investments and how those are taxed.
You can take advantage of things like losses in some cases, but it's complex. There are taxes on investment income, including dividends, rent on real estate and interest, and there are also federal income taxes on realized capital gains.
Investments and Taxes
The following are some of the things you should know about taxes on your investments.
