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“Non Taxable”

766 Search Results

766 Search Results

Understanding Cash in Lieu of Fractional Shares

Understanding Cash in Lieu of Fractional Shares

https://www.sofi.com/learn/content/cash-in-lieu-of-fractional-shares/

…events such as stock splits or acquisitions. •   Receiving cash in lieu is taxable, and investors must report it as capital gains, calculating their cost basis accurately to determine tax…


How To Make Changes to Your 401(k) Contributions

How To Make Changes to Your 401(k) Contributions

https://www.sofi.com/learn/content/how-to-make-changes-to-your-401k-contributions/

…the course of the year aren’t included in their taxable income, that can lower their overall taxable income. This, in turn, may result in an individual falling into a lower…


Paying Tax on Personal Loans

Paying Tax on Personal Loans

https://www.sofi.com/learn/content/how-to-pay-tax-on-personal-loans/

…pay taxes on it? Generally, no. Unless the lender forgives some of your debt (say due to financial hardship), personal loans are not considered taxable income, since you repay the…


Understanding Statement Credits

Understanding Statement Credits

https://www.sofi.com/learn/content/what-is-a-statement-credit/

…That can result in a lower credit score over time. Are Statement Credits Taxable? The type of credit or reward you receive determines whether it’s taxable. If the credit card…


Tax Loss Carryforward: What Is It and How Does It Work?

Tax Loss Tax Loss Carryforward: What Is It and How Does It Work?

https://www.sofi.com/learn/content/tax-loss-carryforward/

…well as taxable income. •   Investors who take advantage of the tax loss carryforward rule may reduce their overall tax liability. •   Capital loss carryforward rules prohibit violating the wash-sale…


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