This tag is to be used for any question related to gain due to appreciation of capital. Typcially Capital gains are treated differently based on the geography and hence a country tag should ideally be used with this.

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6
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1answer
472 views

how do capital gains work if the property that you purchased was modified since it's purchase?

Let's say you purchase 10 acres of land 30 years ago for $10,000 and that 10 years ago the city declared eminent domain on a portion of the land and built a road through it. Now you own two tracts of ...
0
votes
1answer
23 views

S Corp with Straddles Income

I am thinking of using some S-Corp assets to trade futures this year. If this activity were to generate let's say 100K of profit, and the other corporate activities also generate 100K of revenue, are ...
0
votes
1answer
26 views

Definition of “U.S. source” for US non-resident alien capital gains tax

From here: A flat tax of 30 percent was imposed on U.S. source capital gains in the hands of nonresident alien individuals physically present in the United States for 183 days or more during ...
1
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0answers
28 views

Taxes on capital gains and dividends for non-resident alien

I am a citizen of Spain living in Spain. In the past I lived in the US for over 10 yrs. During the time I lived in the US I opened a brokerage account to trade stocks. Now I have two options: ...
0
votes
2answers
62 views

Does Capital Gain tax free amount include other earnings?

So I was looking at the amount of tax free earnings you can get from capital. This scenario is appreciation on a property selling of about £10,000. This, of course, comes (possibly) under the £11,100 ...
3
votes
0answers
46 views

Do you use the Cost Basis or the Amount Invested to compute a gain/loss?

A friend's Edward Jones financial advisor is using the Amount Invested and not the Cost Basis to compute the tax loss of selling a mutual fund. I don't know anything about this stuff, but I'm pretty ...
3
votes
1answer
78 views

Is there a way to roll over short-term gains and avoid capital gain tax

I'm looking to sell some shares of stock I bought, which have provided a 62% return since I bought them a few months ago and want to roll over the proceeds into a mutual fund. I was just wondering if ...
1
vote
0answers
30 views

Want to split off land and DO plan to sell home within 2 years

HOWEVER - We would like to keep one lot for ourselves and build a new home. Can we just figure out the value of the lot we are keeping and add that to the basis on figuring how much capital gains we ...
2
votes
3answers
145 views

Reducing taxable income in US in December

My wife and I have an annual combined income of $258K. Also, this year I ended up selling quite a bit of my ESPP and RSUs which incurs both long term and short term capital gains. Long term capital ...
0
votes
1answer
73 views

Strategy to offset a big one-time windfall or gain/income for tax purposes?

This is a question of curiosity, and not a situation I am in (although one day, I could hope!). I'm self-employed for a few years now, and don't make a lot in net profit, but enough to survive on in ...
3
votes
2answers
313 views

Did I get screwed in taxes on a mutual fund dividend payment?

A few years ago I bought a mutual fund in late November, and unbeknownst to me, the fund was set to do an annual dividend distribution about 3 weeks later in mid-December. I bought 5000 shares at ...
-3
votes
3answers
94 views

Taking Losses To Save On Tax

I had a long term capital gain of 3000$ this year from sale of one stock. If I take a long term loss of 50$ on another long term holding, can I reduce capital gain tax on the my profits? Is this a ...
1
vote
2answers
63 views

Further Understanding of Wash Sale Rules

First let's make sure I understand a Wash Sale: Let's say I invest in 100 shares of ABC stock for $100 and after a week sell the 100 shares of ABC for $70, I've lost $30 which I can deduct from my ...
7
votes
3answers
206 views

Can time invested be considered capital?

If a business owner works for no salary, but puts time and effort into the business, can those hours be considered a capital investment? If so, is there a term for that kind of work? Example 1: A ...
1
vote
2answers
45 views

In India Is the profit earned from investing in SIP for less than five years interest free?

In India Is the profit earned from investing in SIP for less than five years interest free ?
1
vote
1answer
78 views

Bitcoin Cost Basis Purchases

Suppose that a client purchases 10 BTC over a price range of $180 to $290 and transacts twice with his BTC for a total purchase of 2.7BTC. Two questions: Based on this, the IRS taxes bitcoin like ...
1
vote
1answer
72 views

Why do taxes exclude reinvested dividends and capital gains as performance?

Source: p 371, Investing For Canadians For Dummies, 3 Ed (2009) by Tony Martin, Eric Tyson [...] [1.] First, the programs can calculate your effective or “internal” rate of return (IRR) by ...
2
votes
1answer
84 views

What are the tax implications of dividends that I receive from stocks (equity) that I hold?

I have purchased some shares in the Bombay Stock Exchange. Its been 6 months and have received some dividend income from them. Does this count towards my total income? Will I have to pay income tax on ...
0
votes
1answer
239 views

Fetching technical indicators from yahoo api

I am trying to get RSI indicator from yahoo finance api. so far I can get quote in CSV format, but there seems no api for specific indicator such as RSI. Anyone knows how ? thanks
2
votes
0answers
85 views

Capital gains tax from selling Canadian property for Canadian non-resident

Case: Capital Gain Tax Implications for House in Toronto, ON Purchase value of House in 2000: $230,000 Potential Sale value in 2015: $650,000 Joint-owners: David & Rebecca, married and both are ...
6
votes
1answer
233 views

Capital gains tax when I sell my home if I use a portion of it for an AirBnB

We live in Virginia. We own a nice-sized home and now that the kids are gone we are living on one floor, except for the laundry room. We are considering renting out the downstairs as an AirBnB space. ...
2
votes
1answer
114 views

NRI is buying land with wife name , Can we get back that money to U.S later through NRE account?

Thanks for your help in advance I have sent the money to NRE account. From my NRE account I transfered money to my wife Indian account to buy the land. My wife ( She is dependent on me having H4 ...
3
votes
1answer
119 views

Long Term capital gain tax for selling land abroad

My husband and I are currently in the US and pass the substantial presence test for residence (31 days in 2015 and 183 days on the whole) We want to sell a self acquired property purchased in the ...
4
votes
3answers
2k views

What to do with dividends and capital gains from Roth IRA. Reinvest or Transfer to market settlement fund?

I am 22 and just opened a Roth IRA from Vanguard. I am putting 5.5K a year but I was wondering if someone can give me pros and cons for what to do with my dividends and capital gains? The two options ...
1
vote
1answer
34 views

U.S. stock sales- tax on sale for NR Canadian

I am a Non-resident Canadian living in Thailand on a Retirement Visa and my non-residency status dates back to 2013. I have no income except for CPP,. OAS, and a company pension all of which total ...
1
vote
1answer
72 views

In which infrastructure bonds should one invest to avoid capital gains tax after selling a property in India?

This is a follow-up question to Taxes on sale of property What are the available infrastructure bonds and can one withdraw that amount at any moment or some lock-in period is there? How capital ...
2
votes
1answer
75 views

Tax on Sale of Property

My uncle has sold his property and he deposited the money he received from selling the property. I like to know, if he keeps that amount in his bank account for an year, will that money be taxed? He ...
7
votes
2answers
164 views

Is it a good idea to sell prior to moving to a higher tax state?

For the purposes of this question, suppose: I'm moving from a state with 0% capital gains tax to a state with 5.25% capital gains tax; All capital gains are long-term; I have some mutual funds that ...
2
votes
1answer
272 views

Australian stocks - any dividend tax or capital gains tax?

Can someone please provide some information on this? I would like to invest in Australian companies and want to know about the tax rates. Am a foreigner who is non-resident.
5
votes
1answer
69 views

WHEN should I realize capital gains before going from non-resident alien to resident alien in USA?

I have read this post (How to realize capital gains before going from non-resident alien to resident alien in USA) and would like to ask a follow-up question. It's understood that capital gains ...
3
votes
1answer
180 views

What are the tax implications of earnings from the stock market (BSE)?

I am planning to sell all my stock and have all my money transferred to my own savings bank account. What is my tax liability?
5
votes
1answer
110 views

What should I use as the cost basis for stock that was purchased before becoming a US resident?

I held some stock in Australia for 14 years and 4 months that has enjoyed some healthy long term capital gains in that time. Recently I became a US Resident for Tax Purposes under the Substantial ...
4
votes
2answers
144 views

How to realize capital gains before going from non-resident alien to resident alien in USA

I am a foreigner and will move to USA next year (2016) and want to optimize my tax situation beforehand. I bought stocks in 2009 which appreciated in value but I would still like to keep them. So my ...
1
vote
2answers
237 views

Stock trading after a crash

Let's say that I bought 500 shares of company ABC while the stock was doing well, and paid $10 per share for a total of $5,000. Then over the next year (while I was overseas, let's say) the company ...
2
votes
1answer
116 views

Owned house for less than 2 years - 1031 exchange?

My wife and I bought our first house about 8 months ago. It turns out it's not the right fit for us (for many reasons). Because of this, we want to sell it and move to the suburbs on the other side of ...
1
vote
1answer
170 views

Can large long-term capital gains be offset by not being employed?

If I understand correctly, you pay 0% long-term capital gains tax if you are in the 10% or 15% income tax brackets (i.e. if you make $37,450 or less). If I knew I had to sell my stock that had, ...
3
votes
1answer
324 views

Can I use losses from sale of stock to offset capital gains from sale of property

If I make a capital gain from the sale of a house but make capital losses from the sale of stocks in my brokerage account (not tax sheltered), then can I use the losses against the gains to reduce my ...
5
votes
1answer
487 views

Treatment of web domain ownership & reselling for tax purposes: Capital asset, or not?

I run a web publishing business. I buy a large number of domains — and occasionally sell one, although not frequently. Some domains are developed into websites, which bring in advertising ...
0
votes
1answer
95 views

Where to park money from the sale of a rental property?

If I sell my investment property to raise cash for the purchase of a new home, I am required to pay capital gains tax (i.e. income tax on 50% of the gain amount.) Is there a way to park this money ...
1
vote
1answer
112 views

Using stock options to lower income tax in the USA?

Lets say I have a small company and I pay myself a salary of 200k / year. I'm in the 33% tax bracket. I've thought about a strategy to lower my taxes to about 20%, but not sure if it's viable. Would ...
2
votes
1answer
360 views

When is there a difference between short- and long-term capital gains?

I have always heard that short-term capital gains are subject to more tax than long-term capital gains. While preparing my 2014 federal tax return, though, it seemed as if all of my gains were being ...
2
votes
0answers
84 views

How do I account for a forced buyback (repurchase) of shares if I buy them back within 30 days?

A company I held shares in forced a buyback of a portion of my shares in them. Within 30 days, I then bought back that same number of shares to maintain my holding and basis. However, taking the two ...
1
vote
0answers
689 views

How to report short term capital loss occurred between 16-Mar and 31-Mar in ITR2?

I have short term capital gains from sale of equity shares for India financial year 2013-14 as below (Figures are hypothetical, but the concept is exactly how I am facing it) Gain of Rs.30000 in ...
1
vote
3answers
199 views

Small capital investment in Germany

Since from next year I'm planning to take a peek at the brick market in order to buy a house (I'm going to ask a loan - therefore I need a capital to begin with) here in Germany where I live, I'd like ...
1
vote
2answers
325 views

USA H1B Employee - Capital gains in India from selling selling stocks

I moved to the US in May 2012. I had made some investments in Indian stock markets. Since I did not make any significant profits in 2012 and 2013, I never paid taxes on that. In 2014, I have made some ...
0
votes
1answer
53 views

Amortizing bond premiums for corporate bonds?

I know you can amortize bond premiums on your US tax return. You can keep deducting the amortized amount every year till maturity. However, if you decide to sell the bond before maturity and have been ...
2
votes
1answer
270 views

Reporting 988 transactions on tax returns?

How do you report a 988 transaction on a tax return (on which IRS form) and how do you elect it as ordinary income/loss vs. capital gain/loss? I believe its covered in: 26 U.S. Code § 988 - Treatment ...
0
votes
2answers
238 views

First convert owner occupied to rental, then sell — capital gain?

Bought a house at 250k, converted after 8 years to rental (was worth some 160k then), rented out for two years, sold for 250k. While renting, depreciation was based on market value, 200k. What is ...
2
votes
1answer
427 views

Capital gains on foreign investment?

An American "tax person" living solely in Canada must report any interest income earned in Canada on his/her US tax return. But, does this income include any gains or losses caused purely by currency ...
4
votes
1answer
342 views

Capital gains on sale of property taken using housing loan

We bought a house for Rs 40lakhs/- by taking housing loan for Rs 35lakhs/-, however the property was registered only for Rs 15lakhs/-(this is the amount in the sale deed).Now we are planning to sell ...