Avoid the “Step-Down in Basis” Pitfall | Krilogy Tax Services

A commonly known provision of the tax code is the step-up in basis rule; many taxpayers encounter this when inheriting appreciated assets. A lesser-known and tricky related provision is the step-down rule, which can be a potential hazard causing losses to remain unrealized. This, in turn, leads to possible tax savings disappearing into thin air. As background, the IRS allows…

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Weekly Market Recap | July 22, 2024

Week in Review Equity Markets: The S&P 500 fell 1.95% last week as the market rotation strengthened. The Russell 1000 Growth fell 3.95% as the Technology Sector struggled1. Investor sentiment has shifted in favor of value stocks over the past two weeks. Despite the headline weakness of the other indexes, the Russell 1000 Value finished the week up 0.67%1. Another…

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Weekly Market Recap | July 15, 2024

Week in Review Equity Markets: The S&P 500 rallied 0.89% last week as we saw a broadening out in market participation. Lower rates helped push recently out-of-favor sectors higher. The top-performing sector in the S&P 500 last week was Real Estate, finishing the week up 4.4%, but it remains the worst-performing sector on the year being up 1.61. Another rotation…

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Quarterly Market Newsletter | July 2024

Q2 2024 Review Equity Market Through the first half of the year, the S&P 500 has rallied 15.3%, largely fueled by the handful of mega-cap technology companies on the leading edge of the AI Boom. In fact, over half of the index’s return can be attributed to five stocks[1]. Market breadth remained narrow through the second quarter. According to Morgan…

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Weekly Market Recap | June 24, 2024

Week in Review Equity Markets: For the eighth week out of the past nine, the S&P 500 ended positive. The S&P 500 has recorded 31 new all-time highs so far in 20241. Despite the market’s concerns about a slowing economy, an overly restrictive Fed, and stick inflation; the S&P 500 has rallied 15.36% year-to-date. The rally so far has been…

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Weekly Market Recap | June 18, 2024

Week in Review Equity Markets: The NASDAQ and S&P 500 continued their climbs to new record highs last week. The S&P 500 ended the week up 1.6% while the NASDAQ finished up by 3.3%. Large Cap Growth continues to outpace its value counterpart. The Russell 1000 Growth finished the week up 3.48% and the value index fell 1.11% as investors…

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Weekly Market Recap | June 10, 2024

Week in Review Equity Markets: The markets recovered from the small pullback that occurred the prior week. The S&P 500 ended the week up 1.36%. Large-cap growth significantly outperformed its value counterpart. The Russell 1000 Growth finished the week up 2.72% compared to the Russell 1000 Value Index ending down 0.82%1. Small caps also lagged the broader markets with the…

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Avoid Over-Contributing to These Tax-Advantaged Accounts | Krilogy Tax Services®

Health Savings Accounts (HSAs), 401(k) retirement plans, and Individual Retirement Accounts (IRAs) are popular options for individuals looking to enjoy tax benefits while saving for retirement and health care expenses.  However, like any financial account, there are rules and limits to follow to ensure that you avoid penalties and taxes.  A common mistake individuals make is over-contributing to these accounts,…

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Weekly Market Recap | May 21, 2024

Week in Review Equity Markets: Last week saw all major indices hit new record highs. On Wednesday, the S&P 500 reached 5,325 and the Dow topped the 40,000 level for the first time. The Russell 1000 Growth Index extended its year-to-date gain to 13.34%, well above its value counterpart’s return of 8.95%. Emerging markets were the top performer last week,…

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Weekly Market Recap | May 6, 2024

Week in Review Equity Markets: The S&P 500 extended its winning streak to two weeks following strong earnings reports and a moderating labor market. The S&P 500 finished the week up 0.56%. The style trend swung back to Large-Cap Growth last week. The Russell 1000 Growth finished the week up 1.02% while its value counterpart was essentially flat for the…

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