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Advanced- For purposes of the 3.8% additional Medicare tax on net investment income in 2013, how does this relate to rental income?
- Can I make a direct transfer of my IRA to my church and qualify for tax-free treatment (up to $100,000)? I’m 72 years old.
- 5 Apps to Help with Taxes
- I have to take a required minimum distribution from my IRA. Can I take stock instead of cash?
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Factoids
FACT:
At the end of 2004 (the most recent year for statistics), 51 million taxpayers had IRAs with assets totaling $3.3 trillion.
Source: Spring Statistics of Income Bulletin
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