Tagged Questions
3
votes
1answer
80 views
Does buying/selling a stock for a loss count as income?
In 2011 I accidentally bought $1000 worth of stock in a brokerage account and immediately sold it the same day for $985 (a $15 loss). The IRS is now claiming I owe $280 in taxes on $985 of income. Is ...
3
votes
1answer
60 views
Selling stocks - capital gains
Say I have 500 shares in company XYZ. 250 were purchased on 5/1/2012 and 250 were purchased on 9/1/2012. Is it possible to sell only the stocks that were held for 1 year (5/1/2012)? Avoiding the ...
-3
votes
0answers
29 views
non-tax-resident of Canada pay taxes for investment account earnings? [duplicate]
I am a Canadian citizen working overseas permanently with no ties to Canada (no family, no house, no jobs, no licenses). This makes me a non-tax-resident (meaning I report the taxes to my current ...
4
votes
1answer
52 views
Non-tax-resident of Canada needs to pay taxes for investment account earnings?
if a person were to be a non-resident of Canada without jobs, a spouse, kids, asset (houses, cars etc.) in Canada, then that person would not be obliged to file a tax report. However, if that person ...
3
votes
1answer
54 views
What capital gains taxes do I owe on stock sales in India?
I would like to know about the tax details on selling stocks if I follow this procedure:
Sold stock ABC after holding it for more than a year for INR 1000 for a profit of INR 100
Bought stock BCD ...
1
vote
2answers
117 views
Do I have to pay a capital gains tax if I rebuy the same stock within 30 days?
My question is similar to this question except that I would be buying the same stock within the wash-rule period. If I sell a stock at a profit, and then use that money to re-purchase the same stock ...
3
votes
1answer
43 views
When does Irish Stamp Duty apply for UK investors buying Ireland domiciled shares?
Let us assume I am a UK resident with a UK-based trading account, considering to buy Ireland domiciled ETF shares, such as VWRL.
I am confused whether I will have to pay Irish Stamp Duty of 1% or ...
1
vote
1answer
80 views
If a company goes private, does it still count as a capital gain/loss?
This is related to "What happens to public shareholders when a public stock goes private?" I am pretty sure the answer is yes, but:
If you own stock in a public company which is bought out, does it ...
0
votes
0answers
58 views
Are there tax implication on buying US stock while on a job transfer?
I work for a startup company in San Francisco and will be transferring to our London Office in April. Right now, I have vested a little over half of my allotted shares with the company, but have yet ...
6
votes
1answer
57 views
Gains/loss calculation for staggered buys & sells?
I am completely new to this, so understand that I realize that I still have a lot to learn before I invest any significant sum of cash. I've bought a few shares of stock (let's call it ABC) through ...
4
votes
1answer
83 views
Selling before “Fiscal Cliff” potential change to capital gains tax?
I am going to sell some of my stock for a personal expense. I've owned the stocks for maybe 2 years.
Is it a good idea to do so before Jan 1 to avoid getting hit with an increase in capital gains ...
2
votes
1answer
98 views
How converted stock is taxed due to an acquisition
Private company A was bough by a public company B. All unvested A's common stock (result of early exercise) will be rolled into B's restricted stock (with the same vest schedule).
Is this taxable ...
3
votes
2answers
115 views
How are gains in an IRA taxed vs a Roth IRA?
If I have $10k in an IRA, trade stocks with it until my retirement it accumulates (with no additional contributions) to $100k and withdraw it, how are the $90k gains taxed? How does this differ from a ...
0
votes
1answer
94 views
83(b) and long term capital gain
I have been in company A for ~10 months and I have been granted X amount of ISOs (Incentive Stock Options). Though, none of those ISOs have vested yet.
Now company B just bought company A (deal is ...
3
votes
4answers
153 views
Why does capital gains tax apply to long term stock holdings?
Why does the capital gains tax rate get applied to long term (> 1 year) stock holdings? This lower tax rate acts as an incentive for people to invest in the market for a period of time longer than 1 ...
3
votes
1answer
325 views
How do I enter Canadian tax info from US form 1042-S and record captial gains from cashing in stock options?
I am assuming these issues are related. I am working in Canada for a US company. I buy stock options every quarter. In 2011 I cashed in some stock options and received the cash.
How do I enter the ...
-4
votes
1answer
125 views
Free online U.S. tax filing service that supports stock trade capital gain/loss data import?
Is anyone aware of any services (websites or programs) that allow completely free electronic filing for US form 1040 Tax returns for 2011, that include imports of many 1099-B / Capital Gains & ...
0
votes
1answer
158 views
Restricted Stock Grants - How to prepare tax return when you sell to cover taxes
Whenever a stock grant through my employer vests, I always opt to sell to cover my tax obligation. So, for example, if 500 shares vest, I leave with 250 shares and the other 250 are sold to cover my ...
3
votes
2answers
149 views
What tax can I expect on US stocks in a UK ISA?
What are the tax implications of holding US stocks in a UK self-select trading ISA?
Ordinarily I'd expect the UK-US tax treaty to cover any taxation issues, so that I'd pay the UK rates of tax. But ...
7
votes
3answers
551 views
How do day-traders or frequent traders handle their taxes?
I have been making significantly more frequent trades from my brokerage account, and it just occurred to me that this would create a lot of work during tax time. Usually, one has to enter each stock ...
3
votes
1answer
151 views
Wash sale rule + Mutual Funds/ETFs?
According to IRS rules, you can't sell a security, take a capital loss on your taxes, and then buy back the same or a "substantially identical" security within 30 days. However, "substantially ...
6
votes
2answers
226 views
Stocks vs. High-yield Bonds: Risk-Reward, Taxes?
Assuming one is looking for a fairly high-risk, high-reward investment, what are the advantages and disadvantages of a diversified stock portfolio (e.g. an S&P 500 index fund) vs. a diversifed ...
3
votes
3answers
59 views
Investing in stocks with gross income (not yet taxed) cash from contract work?
I do side work, every year I usually have somewhere between $10,000 and $25,000 in cash. Every year I do my taxes I mark this as additional income and pay taxes on it.
This year I'm going to have an ...
11
votes
2answers
1k views
What are the tax implications of exercising options early?
Say you have the following situation:
You have pre-IPO stock options
Half of the options have vested, the other half will vest over the next 2 years
Your strike price is S
The fair market value of ...
-1
votes
2answers
151 views
Top 3 things to do before year end for your Stock Portfolio?
What will be the top 3 recommendation of actions to do to your portfolio before year end?
10
votes
3answers
747 views
Are there capital gains taxes or dividend taxes if I invest in the U.S. stock market from outside of the country?
Recently, I invested in some stock in the U.S. stock market. I was wondering:
Whether there are capital gains taxes if I sell stock? Do they take account into my foreign exchange loss?
Are there any ...
3
votes
2answers
495 views
Should I wait to sell a stock (at a loss) that I have held for less than a year?
I currently hold some shares of a stock that I don't expect to regain much value. I bought this (at a higher price) about 8 months ago.
My limited understanding of the way capital gains taxes work ...
