It's nice to own stocks, bonds, and other investments, until it's time to fill out your federal income tax return. At that point, you may be left scratching your head. Just how do you report your investments and how are they taxed?
In the world of investing, the "holiday effect"; as it is often referred to, is a phenomenon where stock prices see an increase right before a major holiday. No matter the cause of this uptick, it is essential to be prepared for it and follow simple dos and don'ts when investing during a holiday.