Jun
9
How is gain or loss computed in a partnership?
Filed Under United States | Comments Off
Jordan asked:
I am contemplating entering into a partnership with my brother mainly to invest in securities and/or make loans to other businesses. Basically, we anticipate the income to be mainly from buying/selling securities and from interest income from the loans. How is gain or loss computed? Say the partnership sells securities at a gain, does the partnership recognize gain or do my brother and I recognize the gain and report it on our 1040? What about interest income? Does the partnership recognize ordinary income gain and if some of the money is distributed to my brother or I, will we recognize gain as ordinary or capital gain?
Quick Personal Loan
I am contemplating entering into a partnership with my brother mainly to invest in securities and/or make loans to other businesses. Basically, we anticipate the income to be mainly from buying/selling securities and from interest income from the loans. How is gain or loss computed? Say the partnership sells securities at a gain, does the partnership recognize gain or do my brother and I recognize the gain and report it on our 1040? What about interest income? Does the partnership recognize ordinary income gain and if some of the money is distributed to my brother or I, will we recognize gain as ordinary or capital gain?
Quick Personal Loan
Jun
1
How is monthly interest computed?
Filed Under Investing | Comments Off
PFitz asked:
I have a Online Savings account that I usually put money into on the last day of the month. The monthly interest rate in 4.65%. It really seems like I haven’t gotten the interest I deserve.
I have a Online Savings account that I usually put money into on the last day of the month. The monthly interest rate in 4.65%. It really seems like I haven’t gotten the interest I deserve.
What is the formula and does it matter when you deposit money into the account?
Also, sometimes, the interest is put into my account in the middle of the month, sometimes at the end.
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