Common Year-End Tax Blunders, and How to Avoid Them

Advice on timing deductions, avoiding wash sales and keeping rental income tax free.

Haste makes waste, especially in the increasingly complex and often counterintuitive world of taxes.

As the year draws to a close, many taxpayers scramble to take advantage of popular, time-honored tax-saving techniques. Be careful, though. Even small missteps can result in costly blunders, particularly for taxpayers making gifts to charity.

Tom Herman | WSJ

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