Financial Focus: The Path to a Bigger Tax Refund for 2021 – Investments (Part 6 of 7)

Neighborhood Notes: Free Immigration Service

By PROFESSOR ANTHONY RIVIECCIO, MBA, PFA

Do you own stock? Bonds? Mutual funds? Congratulations, then you could have investment interest or dividend and capital gains. Or God forbid, capital losses! Is the interest, dividends and capital gains taxable? Can you deduct your capital losses? Investment interest Deductible investment interest is interest paid on margin accounts or interest paid on loans used to buy or carry investments. For example, if you get a margin loan through your brokerage account and use it to buy more stocks, then the interest you pay is investment interest. Another example would be if you bought land to hold as an investment,

Inquiring Photographer: State of the Bronx

With Borough President Ruben Diaz, Jr. set to deliver his State of the Borough address on Feb. 20, we asked readers to offer their take on the state of the Bronx. Right now, the main thing I’m concerned about is police actions. Other than that, the Bronx is a good place to live. Yeah, they’re still doing stop and frisk. They stop people for anything: weed, guns. I don’t mind them getting the guns off the street, but stopping everyone is harassment … I do worry about gentrification and that’s scary because it pushes the poor people right out of

By DAVID CRUZ

Dear Fellow Readers, The year’s fourth edition of the Norwood News for 2020 is out with plenty of community stories to read and share. We’ve loaded up 24 pages full of news from this corner of the Bronx, so let’s start with page one! Our top story focuses on a long-awaited project announced by the New York Botanical Garden, which is now entering the residential housing market. The affordable housing residences, with one set aside exclusively to seniors, will soon pop up along Webster Avenue. The area had been rezoned in ten years, clearing the path for projects such as this.

By DAVID GREENE

Life-long Van Cortlandt Park resident Jules Ira Rubenstein, the original “Inquiring Photographer” who produced that popular feature for the Norwood News for 14 years until his retirement more than a decade ago, died from complications of pneumonia. He was 74. A source at Montefiore Hospital, where Rubenstein had been hospitalized since October, stated he had died on Feb. 4, confirming that at around 4:30 a.m., he was found unresponsive. “They tried to resuscitate him [but] he expired,” the source added. Rubenstein was the Norwood News’ first “roving reporter” who covered local breaking news events such as police and fire department activity. He was first hired by

“Save Our City”: de Blasio Outlines Two-Year Agenda in State of the City Address

By HENRY MCEACHERN

Mayor Bill de Blasio delivered his State of the City address yesterday at the American Natural History Museum, framing his points that centered around the theme dubbed “save our city” in a town hall style format. That included promises to expand education, spur small business reform, and create greater affordability. Under the enormous blue whale model inside the American Natural History Museum, de Blasio also focused on creating stronger bonds between the NYPD and young people. Last year, there was an increase in the number of youth-on-youth robberies, with 29 percent of those arrested falling under the age of eighteen,

By PROFESSOR ANTHONY RIVIECCIO, MBA PFA

Many people own a home or property that they rent out. People do it for many reasons, most notably for additional income, but is this non wage gross income taxable? Yes. Notice I said gross? Because, like a simple math problem, now that you’ve added up your income, now it’s time to subtract your income from your expenses, because your net income is what you are finally taxed on. Not your gross income. Figuring out gross income is pretty simple, right? If you own a home or property that you now decide to rent out then you have rental income.

Multi-Service Group at the JGHBID Offers Tax Prep and Insurance to Fit Your Needs

By JEROME GUN HILL BID

Klajd Gazulli opened Main Street Group Holdings LLC at 254 E. Gun Hill Rd. in January 2015. Originally from Albania, Gazulli came to New York in 1993 and settled in Queens. He has been in business in the Bronx for the past few years and just recently expanded to East Hanover, NJ. With a background in retail banking, Gazulli transitioned into the insurance business in 2006 and started tax preparation services in 2015. Main Street Group Holdings LLC offers a variety of services to local residents and business owners at affordable prices. “We offer the whole tax suite and the

Inquiring Photographer: The Bronx Driving Experience

By DAVID GREENE

After a recent 15-car pile-up on the Bronx River Parkway on Jan. 18, we asked readers about their driving experiences in the Bronx. I’m new to the Bronx, but the few highways I’ve been on have potholes, signs that say construction, and where they are going to dig. I keep asking myself, ‘why do they keep digging?’ They dig, they resurface the roadway and then they dig again and that has an effect on the ground. The road sinks, because it’s unsettled because of all the digging. Patrick Sing Belmont The problem with the highways for me is I

The Bronx political landscape was thrown into a tailspin when Borough President Ruben Diaz Jr. announced out of nowhere that he would not be running for mayor of New York City. For anyone following Diaz Jr.’s career such as this publication, one would know that rumors of a mayoral run began more than a decade ago. Then Diaz Jr., then in his 30s and with a receding hairline, represented the energy the Bronx needed at the moment. He brought a charisma that sought mega projects arrive to the Bronx, though some remain pending. Even so, he had the makings of

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Financial Focus: The Path to a Bigger Tax Refund for 2021 – Investments (Part 6 of 7)

Inquiring Photographer: State of the Bronx

NYBG Enters Residential Housing Market, Five-Two’s Thoughts on Criminal Justice Reform: Check out the Latest Norwood News!

Jules Ira Rubenstein, the Original Inquiring Photographer, Dies at 74

“Save Our City”: de Blasio Outlines Two-Year Agenda in State of the City Address

Financial Focus: The Path to a Bigger Tax Refund for 2021 (Part 5 of 7)

Multi-Service Group at the JGHBID Offers Tax Prep and Insurance to Fit Your Needs

Inquiring Photographer: The Bronx Driving Experience

Editorial: Making Sense of the Bronx Borough President Ruben Diaz Jr.’s Announcement