States with no income tax complained that their taxpayers were at a disadvantage, so now everyone has the choice of deducting sales or income tax,
More Quotes from Martin Nissenbaum:
Congress wised up to that. They weren't going to let people slam money into thoseMartin Nissenbaum
People don't realize that if they win they can actually take a deduction for expenses they incurred or if they had losses.
Martin Nissenbaum
But because traders tend to trade so frequently, those aren't major disadvantages, ... And the advantage of being able to deduct all of your losses is very attractive.
Martin Nissenbaum
It probably doesn't make sense to postpone making the extra deductions because even in a high state-tax situation the federal benefit still outweighs the state cost.
Martin Nissenbaum
Be careful to make sure the condition and age of the car are clearly documented,
Martin Nissenbaum
Direct debits and credit-card charges are one-time only. As a legal matter, they can only withdraw what's owed, ... But some people are still paranoid about this.
Martin Nissenbaum
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