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Archive for November, 2008

 

When do people usually settle on the house they’re selling and the house they’re buying?

Thursday, November 20th, 2008
buying and selling
Y? asked:


Next year, we are planning on selling a condo and buying a house. We can’t move our things into the new house until we settle, but we don’t want to pay two mortgages. Also, the house is owned by a relative, so there may be some leeway as to when we can move our stuff in.

What would be the ideal schedule for the two settlements? If you could do your buying/selling real estate all over, what would have been your perfect situation?

 

how do taxes work with stock buying and selling? I am new to stock purchasing?

Wednesday, November 5th, 2008
buying and selling
mradigan747 asked:


I am new to stock purchasing and will be buying and selling quite often, but need to know what I will make out considering taxes. EXAMPLE: I put $10K into an account (500 shares @ $20 ea) and the shares rise to $25 ea. Therefore the account is now worth $12,500. The net gain is $2500 – so what do I end up with? How does it change the more I make? Thanks for your help…