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  1. JTWROS and foreign ownership

    Taxation
    Mother M is retired, sold her primary residence, and invested the proceeds in a JTWROS with her adult daughter D. M is taking all the income from the investments, and paying all the taxes. Over $200,000 is invested in US$ securities, such as S&P index funds. Even though this is all through a...
  2. Tax Implications of Joint Accounts

    Taxation
    I know there's a thread on here about joint accounts but I couldn't find an answer to my question. I know someone who works for the "govt", Bill. Bill won't tell me what he does exactly but he works in some sort of auditing capacity I'm guessing. So let's say Alison receives cash from...
  3. SM - Tax Implications

    Taxation
    My wife and I (early 30s) dipped our toes into the SM waters for the first time in 2010. As a result, this tax season is our first time taking advantage of the interest expense deduction. As I gleaned from other threads, in situations like this either my wife or I could claim the interest...
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