Washington State Capital Gains Tax Enacted – Takes Effect January 1, 2022

The Washington State Legislature passed Senate Bill 5096 at the conclusion of the 2021 legislative session, enacting a state capital gains tax, which Governor Jay Inslee signed into law May 4, 2021. The tax is a 7% tax, applicable to net long-term gains on capital assets (stocks, bonds, business interests, and other…

IRS 2018 Schedule D Worksheet Error

It is always alarming to receive a notice from the IRS. If you had capital gains activity reported on the 2018 Schedule D Tax Worksheet an error may result in an IRS notice for…

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