Did you receive a tax refund this year? Recent data released by the Internal Revenue Service (IRS) shows the average tax refund amount is up $178 at the end of March 2024 compared to the same time last year.
This article is designed to broadly discuss investment return taxation, while covering a range of topics, including the types of income, basis, capital gains and losses, holding periods, taxable income considerations, and the strategic use of capital losses.