1
vote
2answers
79 views

How are long term capital gains taxes calculated?

I currently am in the 15% tax bracket for 2014 as I am a college student employed as a summer intern. However, if I am hired as a full time employee by next year, I would move into the 25% tax ...
1
vote
1answer
23 views

Does a 1045 exchange require any filing prior to that years tax return?

Assume I am taking the proceeds from the sale of QSBS (1202) and investing that within 60 days in another company that qualifies as QSBS. According to this document, all I have to do is claim the ...
1
vote
1answer
53 views

Tax implications of ESPP shares when company is bought out

I still have ESPP shares in a company I used to work for. This company is getting bought out (deal has been publicly announced and should close soon). Many of these shares have greatly increased in ...
0
votes
1answer
86 views

Whats the difference between day trading and flipping and their tax implications?

I recently started trading this year, and for the most part have only invested in companies that I plan on keeping for a while. I understand the differences between short-term and long-term positions ...
2
votes
2answers
140 views

Received mysterious K-1 form, seeking answers

I was formerly a private equity trader . I got out of the business in 2002. In 2005 I lost my wife to breast cancer she was 45 . I was left with three young children. I decided to go back to school ...
1
vote
2answers
174 views

How to file tax for the sale of stocks from form 1099B?

Last year I sold 100 shares of one of my stocks in ONE order. However, I didn't buy those shares at the same time. They were from multiple purchases at different times (around 7 times). In my 1099B ...
2
votes
1answer
119 views

Tax benefits to buying stocks on Dec 31 vs. one day later?

For an individual in the US (California), are there tax benefits to buying stocks on Dec 31 vs. one day later?
4
votes
2answers
96 views

Is it a wise decision to sell my ESPP stock based on this situation?

My wife lost her job in the middle of 2013 and has been unemployed since then. I have about $7000 of company stock. I am planning to pay my car off using that money but I am not sure if this is the ...
0
votes
2answers
131 views

Stock sale cost basis calculations for 2013, now that rules changed, is FIFO or another method the smartest financially?

I was in an employee stock purchase program that auto-bought stock every two weeks at a 15% discount as part of a paycheck deduction. This was BEFORE the 2008 crash and during and after it. This ...
2
votes
2answers
891 views

What capital gains taxes do non-resident Canadian citizens owe?

I live in the Caribbean. I remain a Canadian citizen, but a few years ago I declared myself a non-resident for tax purposes. Assuming I have no income in the Caribbean, and I make $100,000 on stocks ...
3
votes
2answers
181 views

Capital Gains Tax - Does this apply only to the actual “gains” or to the entire amount of my sale?

If I buy 10 shares of stock at $10 each I have spent $100 in stocks. If I later sell these within the same year, do I pay taxes only on the difference of the buy price and the sell price [with a ...
4
votes
1answer
295 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
135 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 ...
4
votes
1answer
454 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 ...
4
votes
1answer
3k 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
3k 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
464 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
184 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
92 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
95 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
101 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
228 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
145 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
146 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
288 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
1k 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
204 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
256 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
265 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
1k 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
237 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
289 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
72 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
3k 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
158 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?
11
votes
3answers
2k 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
901 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 ...