Can You Buy and Sell Gold Tax-Free?
The IRS comes looking for its cut no matter what you buy and sell. The only difference is whether it taxes your profits as capital gains or as income. If you are buying and selling gold as an investment, you must normally pay long- or short-term capital gains taxes, depending on ...
Roth IRA & Rules on Opening Accounts
A Roth individual retirement account is a retirement program that allows you to collect tax-free income when you retire. But you don’t get a tax deduction for Roth IRA contributions during your ...Read More
Can I Invest Energy Unit Trusts in My IRA?
Self-directed individual retirement accounts give you access to many less-familiar types of investments, such as energy unit trusts. This type of investment is a royalty trust, meaning that the trust ...Read More
How Much Can You Put in a Roth IRA?
The Internal Revenue Service doesn’t make you pay taxes on money you withdraw from a Roth individual retirement account once it is five years old and you reach age 59 1/2. With such a good tax ...Read More