Can you claim stock investments on your taxes?

Answer Investment accounts, including all stocks and bonds, are considered capital assets by the IRS. As such, each is reported on income tax returns as either a gain or a loss during the year that the a... Read More »

Top Q&A For: Can you claim stock investments on your taxes

Can You Claim a Teenager on Your Taxes If She Has a Job?

The IRS allows you to claim any teenager as a dependent if he satisfies the requirements as either a qualifying child or qualifying relative. Each set of requirements imposes different limitations ... Read More »

Can you claim your brother-in-law on taxes?

You cannot claim your borther-in-law as a dependant simply because he is your brother-in-law.However, in most cases, if you provide more than 50% of his support in terms of housing, food, medical c... Read More »

Can you claim a newborn on your taxes?

Publication 501 of the Internal Revenue Service details the requirements for a qualifying child. You can claim a child who has lived with you for more than six months. Newborns, however, can be cla... Read More »

How many people can you claim on your taxes?

The number of dependents you are allowed to claim on your taxes is unlimited. As of 2011, dependents qualify if they are a qualifying child or relative who resides with you, their gross income is l... Read More »