Depending on the type of account for your son, UGMA,Coverdell, or 529 will determine how you might want to redeem or move the monies to a less volatile account
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You are corect.
IRS Publication 506 says:"If your contribution entitles you to merchandise, goods, or services, including admission to a charity ball, banque
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I would take a look at your portfolio to see if you are earning over 5.375%. You want to get your money working for you. You get a tax deduction on the mortgage
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Whether the IRS knows or will find out if a particular fact reported on an income tax return is correct is not the criteria to use when reporting the facts on t
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