
With that in mind, John Burke, CFP, president of Burke Financial Strategies, and Steven Criscuolo, CPA, chief financial officer of Burke Financial, put together this list of the top 10 tax mistakes made by investors through a recent survey conducted of investment advisors.

1. Short-term vs. long-term gains

2. Foreign stock investments held in a tax-qualified account

3. Gold and silver held in a taxable account

4. Sale of appreciated securities by elderly investors

5. Generating excess unrelated business income in a tax-qualified account

6. Ignoring local tax laws

7. Failing to consider a Roth IRA conversion

8. Failing to realize capital gains

9. Improperly calculating the cost basis for MLPs
