How Much Should I Depreciate My Oil Royalties for Income Tax Purpose?
How Much Should I Depreciate My Oil Royalties for Income Tax Purpose?

Technically, you don't depreciate royalties. The Internal Revenue Service lets you depreciate buildings and capital equipment as it deteriorates, but the agency has you deplete oil and gas investments as the wells generally empty out. Depletion ...

Can I Deduct College Tuition If a Spouse Pays But I Have the Child Deduction?
Can I Deduct College Tuition If a Spouse Pays But I Have the Child Deduction?

When you and your spouse share responsibility for supporting a child but file separate tax returns, it's not always clear how the various deductions and credits should be divided at tax time. This can be especially true when the child begins college ...

Do I Report a Roth IRA Contribution on a 1040? Do I Report a Roth IRA Contribution on a 1040?
Does Property Tax and Mortgage Interest Drop Your AGI Dollar for Dollar? Does Property Tax and Mortgage Interest Drop Your AGI Dollar for Dollar?
What Is the Maximum Loss That Could Occur for a Purchaser of a Call Option? What Is the Maximum Loss That Could Occur for a Purchaser of a Call Option?
Can I Use a 403(b) Retirement for a Mortgage Down Payment? Can I Use a 403(b) Retirement for a Mortgage Down Payment?
How to Save for College With Pre-tax Dollars How to Save for College With Pre-tax Dollars
The Difference Between Options, Futures and Forwards The Difference Between Options, Futures and Forwards