Questions related to the tax liability from the appreciation of assets, e.g. stocks, mutual funds, real estate.

learn more… | top users | synonyms

-1
votes
0answers
21 views

How do Australian CEO's minimise their tax liability?

How do Australian CEO's minimise their tax liability? The best I could come up with is that instead of receiving wages, they receive shares, which they hold for a year before selling. The shares ...
4
votes
1answer
70 views

how do capital gains work if you don't know the original purchase price?

So let's say my grandparents bought me 1,000 shares of some stock. They used the wrong address, however, and I never knew about it until after they died. The state got the stock and then, a bunch of ...
1
vote
2answers
38 views

Advantages of Tax payments v Withholding for Capital Gains?

I expect to sell my second home this year and make a profit, therefore I will owe Long Term Capital Gains. Putting that into TaxCut software when planning tax for next year it suggests a fairly small ...
6
votes
1answer
473 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
47 views

Why Are Percentage Gains Used for Capital Gains Tax Calculations?

In the context of UK investments, I'm led to believe that encashing a general investment account (OEIC/UT) can result in a capital gains tax liability. My understanding is that when calculating this ...
0
votes
0answers
64 views

Should I sell or keep an ETF with “high” management fees?

I'm in Canada, and I have some RBF557, an ETF whose management fees aren't to my liking. It's an S&P500 index fund. I'd like to sell it, and reinvest the proceeds into another S&P500 index ...
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 ...
5
votes
2answers
177 views

Death and Capital Gains Taxes (United States)

I have a question about taxes and death. If you own stock and you sell it for a profit, you have to pay tax on the profit. Is this same tax applied to someone when they die? I understand that Estate ...
0
votes
0answers
27 views

Liquid fund and short term capital gain tax

In India, there is long/short term capital gain tax. For debt mutual funds, short term capital gain tax is applied if the fund is redeemed within 3 years and it is equal to investor's income tax slab. ...
0
votes
2answers
72 views

Do I need to report a capital gain/loss for stock given as a bonus and already taxed?

I'm in the US/New York, preparing to file 2015 federal returns. I was given an incentive bonus by my employer some years ago, in the form of shares of that employer's stock every year for three years ...
1
vote
1answer
53 views

Transferring proceeds to USA from real estate sale in India

First off, I am an US Citizen currently living in the US. I bought a property in India in 2000, when I was not a US citizen but was still living in the US. Over time it has appreciated and now has ...
0
votes
2answers
76 views

Long term drip (dividend reinvestment plan) stock

I sold a Home Depot stock that I will take in cash and deposit into TD amertrade. Is their tax on this? I want to reinvest in mutual funds. We purchased HD over a 15 yr time period in California. I ...
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 ...
0
votes
2answers
58 views

Options tax treatment

Suppose I want to write a covered call on my 100 shares of AAPL that I have held for over a year. If I sell a covered call of AAPL 125 in December 2015 with a June 2016 expiration, and the premium on ...
1
vote
1answer
131 views

Berkshire Hathaway and Covered Calls

An investor owns several shares (like 2 or 3) of Berkshire Hathaway Class A shares. He sells 5 call contracts on class B shares and then buys them back at a loss. For purposes of taxes, were the calls ...
0
votes
2answers
80 views

Newbie question - Brokerage and selling shares

I work for company X. The stock grants that I have received from my employer which are made available in the charles schwab account. The very basic questions that I have are below:- Charles schwab ...
2
votes
1answer
24 views

ESPP stocks taxable in US after moving to US from Singapore

I'm Singapore planning to move to US in 2-3 months. I have some ESPP shares(US Company) that I would like to keep for another year or more. If I sell these shares after moving to US will it be taxed ...
2
votes
1answer
65 views

Stock trading from a Cash account, living abroad and United States tax implications

I am an United States Citizen, my 2 children and fiancee are also U.S. citizens. For the entire year of 2015 I will have lived in Mexico, about 2 hours from San Diego. I will pass the IRS's physical ...
3
votes
1answer
109 views

How to get capital gain tax of 2014 refunded based on the capital loss of 2015?

In 2014, I had capital gain on sale of rental property and tax was paid accordingly. In 2015, I am anticipating capital loss on stocks. Is there a way to get capital gain tax of 2014 refunded based ...
0
votes
1answer
107 views

Capital gains is often taxed twice?

This question refers to 1040 tax form for 2015 on http://www.irs.gov/pub/irs-dft/f1040--dft.pdf Am I understanding this correctly?: Capital gains (on line 13) is part of total income (on line 22). ...
2
votes
3answers
436 views

Hypothetical: can taxes ever cause a net loss on otherwise-profitable stocks?

Let's imagine a hypothetical situation: I start with $100, and buy 10 shares of a company at $10 each. The next day I sell the 10 shares at $12 each. A week later, the price drops back to $10 and ...
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
4answers
297 views

Do you avoid tax when taking a home equity loan?

Suppose I bought a home for $200k, and 20 years from now its value is $800k and I get a home equity line of credit for x dollars (e.g. to pay for my child's college education). A quick Google search ...
2
votes
1answer
171 views

House inheritance tax question

I am a little at a loss. A couple years before my mother-in-law passed away she signed her house over to my wife and her sister via a quitclaim deed. After she passed we sold the house for ...
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 ...
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 ...
2
votes
1answer
72 views

Can S-Corp loss offset gain?

I made 2 investments via my S-Corp. The first, in apartment buildings which is being sold for a gain, and the second in a hi-tech startup which failed and closed. Can the loss from the startup offset ...
6
votes
1answer
234 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. ...
1
vote
1answer
38 views

Tax Allocation - Business Asset Transfer

I'm selling my sole proprietorship. It is a technology company with few / no tangible assets or customer base, mostly just software. This is being done as an "Asset Transfer" to new owners in another ...
3
votes
1answer
78 views

Transfer of funds

My wife and I have been green card holders since Sept 2012. While we have very small income in India we hold substantial shares gifted by parents, home and some landed property. I have my aged mother ...
4
votes
3answers
180 views

Why does my brokerage show “adjusted due to previous wash sale disallowed loss” when I sold my entire position?

Over a month ago, I wanted to do some tax-loss harvesting. I wanted to sell a fund that had dropped in value and replace it with a more generic fund. Right before I sold, the fund paid out dividends ...
2
votes
2answers
347 views

capital gains tax on inherited property

So let's say you have a primary residence that was purchased for $50,000 with no money having been spent on improvements and that it's now worth $750,000 according to the tax appraisal district that ...
1
vote
1answer
109 views

doing a like-kind property exchange and then selling immediately to avoid paying capital gains

Let's say you have an investment property that you purchased for $50,000, that you have made no other improvements and that it's now worth $750,000. If you sell it for cash, out right, you'd have to ...
2
votes
1answer
116 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 ...
1
vote
1answer
186 views

Are traditional IRAs worse than taxable brokerage accounts at high incomes?

Brokerage accounts are seen as relatively tax-inefficient, since you invest with post-tax dollars, and growth is taxed upon realizing gains. The traditional IRA allows you to deduct contributions and ...
2
votes
1answer
38 views

Wash sales and year end tax implications

Say I buy stock X on Monday, sell it on Tuesday for a $200 profit, buy it back on Wednesday, then sell it on Thursday for a $100 loss. The next week, I buy it again on Monday and sell it for another ...
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 ...
1
vote
1answer
55 views

Tax in US or India

I am Indian citizen and living in US on H1B and have been paying taxes regularly in US. Now I want to start investing in Indian Stocks. If I make profits in Indian stocks where should I pay the taxes, ...
2
votes
1answer
61 views

capital gains on foreign investment

I recently sold a property in Panama. A capital gains tax was imposed by Panama at time of sale. As a U.S. citizen will I need to pay another capital gains tax?
7
votes
2answers
165 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
273 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.
3
votes
1answer
95 views

How do dividends affect your average cost (both re-invested and non re-invested)

I have read that re-invested dividends lower your taxes by increasing your average cost of the security so that when you sell your security, the difference between the sales price minus the book value ...
1
vote
1answer
67 views

What US taxes are due for US stock bought via ESPP when I was in USA and sold after I returned to India?

I was in USA and purchased few US stocks in 2007 through US broker and ESPP stocks through my employer. I moved back to India in 2012. I sold those US stocks in 2014. I have submitted W8-BEN forms to ...
-1
votes
1answer
109 views

Taxes on transfering money from India to the USA

I have an house in India and will be selling it soon. I need to transfer the money to the USA. I am in the USA and still have Indian citizenship. How much tax will be involved?
2
votes
1answer
99 views

Selling a portion of my attached land and renting the main house

I have been offered 40k for a section of my land that is considered a side lot to my house. The buyer is going to work and pay all cost in separating the land. I plan on moving and renting my house. ...
1
vote
1answer
182 views

NRI having NRE, NRO and domestic bank acount

I am an Indian citizen with NRI (NonResident Indian) status, and I have an NRE account, an NRO account, as well as an ordinary bank account in India. I need to know How to treat my investments done ...
1
vote
1answer
31 views

Does 83(b) cause a tax liability when exchanging startup stock for public stock?

I sold a startup to a public company. I filed an 83b at startup inception (nominal value). The terms of the sale were such that I must vest the sale proceeds over 4 years and will be realized as ...
2
votes
0answers
98 views

What Capital Gains are owed for a Non-resident owning stock in US C corporation when it is acquired?

Would a non-resident alien (no connection to the US apart from the company) owning founder/CEO stock (not stock options) of a private US corporation have to pay capital gains tax in the event that the ...
5
votes
1answer
111 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 ...