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College and University Discussion
Reply to "can I pay college tuition with appreciated stock?"
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[quote=Anonymous][quote=Anonymous]This is so interesting to me that Grown educated, people do not know simple tax laws. This is definitely not meant as a Snark, because there are a lot of things that I don’t know either. But we like to complain that schools should teach our kids about balancing a checkbook but tax laws are a lot more relevant. you can hire someone to balance your checkbook with the money you could lose by getting these little things wrong. [/quote] Painful lesson #1 from my parents is hire or have a good CPA to advise you on tax law. They sold something like $500K in property and paid capital gains on 400K because they didn't buy a home of equal value (in the 90s). My biggest move was changing business entities and I had both a business and tax attorney advise me the best way for taxes. [/quote]
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