When do you pay taxes on a money market investment?

Answer The individual or business that received the dividends on a money market fund must pay taxes on those dividends upon filing annual taxes. Some money market funds are tax-exempt from federal income ... Read More »

Top Q&A For: When do you pay taxes on a money market investment

Are money market funds a wise investment now?

On One Hand: Money Markets Have a Great Track Record.There has only been one instance of a money market account falling below $1 per share in value. In addition, the Federal Deposit Insurance Corp.... Read More »

Investment Criteria for Corporate Treasury Money Market?

Every corporation accumulates excess cash that must be managed to provide for seasonal expenses such as product production or long-term goals such as expansion of facilities. The treasurer or chief... Read More »

Do I have to pay taxes on a money market deposit account?

Interest that you earn from your money market deposit account must be reported as taxable income. You will receive a form 1099-INT from your bank showing how much you were paid in interest for the ... Read More »

How much can be claimed when claiming a stock market loss on taxes?

The maximum amount that can be claimed for stock market losses on taxes for a single year is $3,000. Any losses over that amount can be carried forward and be deducted against gains.References:WSJ.... Read More »