IRS PUBLICATION 523
The publication that outlines the applicable tax rules when selling the main home. In most cases, the main home refers to a primary residence where the taxpayer lives most of the time. Taxpayers may be qualified to exclude all or part of the gain from the sale of a principal residence from income. Generally speaking, if a taxpayer can exclude all the gain, he or she does not need to report the sale on the tax return.
POPULAR TERMS
Trade or Fade Rule
Options exchange rule introduced to eliminate trade troughs. The rule requires the market maker to match a better deal seen on another market or tr ...
A-B Split
This is a method commonly used to test if the marketing media or methods used are effective. When using A-B Split method in marketing, there will b ...
Cancellation
Notification by a broker advising his or her client that an incorrect exchange deal was conducted and that the activity is being pointed out. For e ...
Kicker Pattern
A two-bar candlestick pattern that signifies change in the direction of the market trend for the price of an asset. The pattern is composed of two ...
UFMI
Up-Front Mortgage Insurance (UFMI) is an insurance premium. It is usually collected at the time of the conception of the loan on Federal Housing Ad ...
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