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

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Real Estate - Cost Basis for Capital Gains

I recently sold vacant land and am trying to determine the costs basis to calculate the capital gains amount (if any). The property was split over 10 years ago when I sold my residence and a few ...
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Capital tax gain for under construction property

I entered into an agreement with a builder to purchase an apartment in Apr-2011. At that time, I had paid 10% as deposit with remaining payments to be made at regular intervals based on construction-...
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1answer
55 views

When does the clock start for capital gains treatment on an angel investment?

I made an investment in a startup company last year. I sent the wire transfer on August 4. I have a legal document from the company entitling me to X number of shares on September 1, but my shares ...
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1answer
149 views

Would this be short or long term?

I have the following situation (all numbers and dates are for illustrational purposes): On Jan 1, 2015, I bought $100 worth of an Exchange Traded Fund (ETF). On Jan 1, 2016, I bought $100 more of ...
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1answer
55 views

Capital gains tax

I have a piece of land in India that I purchased about 20 years ago. I entered into a development agreement with a real estate developer in February 2014 for construction of apartments. The ...
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38 views

Selling employee stock options now and waiting for Long Term Capital Gains or selling later

I've got some options that I'm looking to exercise and am trying to figure the best way to go about it. I always thought that exercising options and then waiting for long-term capital gains was the ...
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Under what conditions is the capital gains tax 0%? [duplicate]

In the US as I understand it there is no tax on long-term capital gains, so long as the filer is in the 15% tax bracket ($39,600 in income or less). Do the capital gains themselves count towards this ...
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1answer
38 views

Possibility to buy index funds and individual funds in a Canadian TFSA

Looking at the online info of my Bank I saw that the eligible investments that I can do in a TFSA is mutual funds, GICs and saving deposits. Is there a way to buy individual stocks like Apple, Google ...
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1answer
83 views

Investing in a offshore bank account

I am completely new on investing and I am educating myself reading some books about finance but in the process to understand better the whole process, I'm very interested on buying index funds. So, I ...
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1answer
38 views

RSU Tax Implications of 83(b) Election

I am granted a certain amount of RSU's every year, this year being the first. They vest at 25% after one year, and then 1/16th of grant every one month period after that. My question is to tax ...
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Canadian Citizen and Non Resident for tax purposes

I am a Canadian citizen was a non resident for tax purposes. If I sold stock shares in January 2016 and became officially a Canadian resident again in April 2016 (3 months after selling the stock), ...
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1answer
33 views

US citizen paying capital gain taxes in Canada on sale of property in US

My son, who is a US citizen living and working Canada. Just sold a piece of property which he inherited in the US. The capital gains was $160,000 and US Federal and State capital gains taxes came to ...
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1answer
50 views

Roth-IRA penalty = effectively lowering short term capital gains rate to 10%

Although dubbed a penalty, does a Roth-IRA early withdrawal "penalty" effectively lower the short term capital gains rate to 10% instead of linked to your actual income bracket? As the early ...
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1answer
64 views

Capital Gains tax when moving for school

My wife and I purchased our home in August of 2014, but now she has been accepted into a doctoral degree program 200 miles away, so we need to sell the house and move. Unfortunately, we might be ...
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1answer
68 views

Is there income tax on my one-time sale of my California primary residence?

Bought house in 1998 for $850k, primary residence the whole time, thinking about selling it now for $2.2M Is there Fed or Calif income tax on the profit?
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1answer
47 views

Home sale capital gains tax under two years

I have lived in my townhouse (primary residence) since July 2015 and have considered selling my house due to the crime in the area picking up. I have considered purchasing a new house in a better area ...
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1answer
36 views

Canadian tax treatment on international property sale and transfer of proceeds

I am a Canadian citizen. I have a small property from my country of origin. The value is less than CAD$100,000. If I sell my property and transfer the money to Canada, is there a tax payment ...
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2answers
73 views

Should I sell/transfer an investment and pay capital gains tax, if it means investing it most wisely?

I married someone with about 100k in an investment portfolio that I do not think aligns with our financial objectives. I want to transfer this to a new joint portfolio (new institution too), but doing ...
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41 views

How to handle capital gains on a Virginia Individual Income Tax Return

I reported capital gains (reported to me on a 1099-DIV) on my 2015 Form 1040A "U.S. Individual Income Tax Return" (line 10.) Using the "Qualified Dividends and Capital Gain Tax Worksheet" on p. 38 of ...
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44 views

Can I fully deduct capital losses against discounted capital gains?

I have shares in 2 Australian stocks that I am thinking of selling (at least partially). I am an Australian resident for tax purposes. Let's call these stocks; Stock ABC Stock DEF I have owned ...
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245 views

Bed and Breakfast, Same Day Capital Gains UK

1) What exactly is 'same day` rule, there is much talk about it all over the internet but no one seems to be able to explain what it actually is or how it works. Does it mean If I purchased shares in ...
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1answer
81 views

Buying stock options in private company

I have been working at a start-up company for the past 4.5 years in the US. The company is still private. It is not going to go public. The owners are looking to sell once they get a good offer. I don'...
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1answer
79 views

How much CGT due after moving and renting out primary residence in Australia?

I currently live in my primary residence with an outstanding mortgage, but will be moving out and relocating for work in a few months time. The initial post is for 2 years but may be extended ...
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2answers
119 views

Wash sale rule impact on different scenarios between different types of accounts

When wash sale rule kicks in, then the capital loss is simply postponed by increasing cost basis to the later transaction where you again purchased similar replacement stock either 30 days before ...
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1answer
72 views

Savings on taxes when selling rental property

I have rental property that I want to sell. The house was built in 1950; it needs major improvement that I am not able to afford. What's the best way to sell the house that would be cost effective for ...
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1answer
36 views

Selling a house with tax-free capital gain when receiving payment years later

I am a resident in the USA and pay taxes in the USA. I have a house in Brazil that I am selling, with profit. AIUI, the profit is tax-free because I have lived more than 2 of the past 5 years in that ...
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127 views

Good investment for capital gain

With the new UK capital gains tax rate at 20% (since the new budget of Wednesday), and the highest band of dividend rate at 32.5% or 38.1%, I think it makes sense to find investments that do not yield ...
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“Breakeven” point for taxation on short vs long-term stock investments?

Assume that Joe is in the 28% tax bracket. Sale of long-term (greater than 1 year) holdings is therefore federally taxed for Joe at 15%. Joe can either buy and hold for one year (or more) to ...
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Reporting of 1256 Based Options

I live in the United States. In 2015 I have traded several 1256 based options. The details of each trade were not included in my 1099 and not imported into Turbo Tax. I understand that this is to be ...
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1answer
46 views

Capital gains tax on 1256 based options

If an investor writes a 1256 based option $1000 in January and the option expires worthless in February that is a capital gain. Is it true that, since it is 1256 based, that the capital gains are ...
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1answer
260 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 ...
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2answers
61 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 ...
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1answer
490 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 ...
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1answer
55 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 ...
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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 ...
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1answer
47 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 ...
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2answers
246 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 ...
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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. ...
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2answers
136 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 ...
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1answer
128 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 ...
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2answers
80 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 ...
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1answer
101 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 ...
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2answers
61 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 ...
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1answer
134 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 ...
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2answers
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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 ...
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1answer
38 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 ...
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1answer
95 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 ...
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1answer
121 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 ...
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169 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). ...
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3answers
443 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 ...