Questions tagged [capital-gain]

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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How do I calculate Tax for a Long Term Capital Gain?

Do I calculate tax based on IRS tax tables on page 65 (or worksheet on page 77, 110) of https://www.irs.gov/pub/irs-pdf/i1040gi.pdf Or Do I calculate tax based on Qualified Dividends and Capital Gain ...
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Received stock in trade for LLC units as part of an IPO. How to report paper gain?

USA taxpayer. An LLC in which I had units IPOed. I chose to have some of the units converted into stock instead of receiving cash. (Yeah, didn't expect tech implosion, but that doesn't matter for this....
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1 answer
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Restrictions on rounding proceeds/basis when computing capital gains tax?

When I upload Form 8949 transactions using TaxAct it rounds the proceeds/basis for each individual transaction to the nearest dollar. In other words if I make one transaction buying a stock for 0.51 ...
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Would selling an above-ground pool from a house I bought (pool came with house) count as capital gains for taxes?

I bought a house last year, which included an (empty) above-ground pool. I didn't want the pool so I sold it to someone else. Does this sale likely count as capital gains for tax purposes? (And ...
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How to record capital losses from 2015 to offset against capital gains of current year (2022)?

In 2015 I incurred a 10k capital loss. I haven't made much in capital gains from that year since so I haven't declared the losses on my 1040 in 2015 or any year since (I have a 1099 from 2015 to prove ...
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1 answer
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Does the creation/redemption of ETF shares by an AP when the ETF price deviated too much from its underlying securities cause cap gain distributions?

From Policy Spotlight: Authorized Participants (mirror), which Orange Coast- reinstate Monica referred me to: If the price of an ETF share deviates from the value of its underlying securities, an AP ...
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Why do ETFs usually generate fewer capital gain distributions overall than mutual fund?

I read on Investopedia that: Comprehensively, ETFs usually generate fewer capital gain distributions overall which can make them somewhat more tax efficient than mutual funds. Why do ETFs usually ...
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Mutual Fund: Dividends vs. Distributions

Take an actively managed mutual fund that trades stocks including dividend-paying ones. The fund can make money in 2 ways: Receive dividends from dividend-paying stocks Sell stocks above cost for a ...
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6 votes
2 answers
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Vanguard converted many investor shares to institutional shares for their target date retirement funds: why did it create a capital gain distribution?

I read (mirror without paywall) that the fact that Vanguard converted many investor shares to institutional shares for their target date retirement funds in September 2021 created a huge capital gain ...
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1 vote
1 answer
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Is there a way to search for upcoming Dividends by type?

I was searching for dividends and can see the calendar for most of symbols. However, I bumped into $KWEB and they declared on Dec-28-2021 and Ex-Div date was Dec-29-2021 and Pay Date was Dec-31-2021. ...
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2 votes
1 answer
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Are short term capital gains considered earned income?

I'm trying to figure out the implications of my income situation on my eligibility for the Earned Income Tax Credit. My understanding is: that short-term capital gains are taxed at the same rate as &...
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Capital gain tax from closing down the company in UK

I need help with filing form line 6 form 1040. we live in uk. my husband work as contractor for short term and he need to get pay through his own company. after few months it didnt work out and become ...
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Does a resident alien need to pay taxes for cashing out crypto gained before moving to the US?

Let's assume that an alien who's never been to the US before moves there and becomes a resident alien for that financial year due to fulfilling their substantial presence. The alien owns crypto funds ...
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How to account for capital improvements made on owned property done by owner

As a homeowner one can step up the basis of their home by using the cost of work done by contractors. But I'm not sure what the rules are around stepping up the basis for any DIY improvements. Can ...
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UK Capital Gains Tax Increase

With rumours circulating about the UK CGT tax rates being brought inline with income tax I was wondering if; Would the rate increase only take place from a future tax year e.g. 2022/23 onwards? Or, ...
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Show net gain/loss for particular stock

For a particular stock that has been bought and sold a few times, is there a way to view the net gain or loss, rather than the piece-meal capital gains or losses? I found that only the current net ...
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1 answer
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Significant Capital Gain -- how to pay quarterly estimate taxes correctly?

My understanding is if you are expecting to owe more than 2k in taxes you are supposed to pay quarterly estimate taxes. If you don't you might pay a penalty interest rate on the taxes owed to the IRS (...
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Can capital gains be offset with transaction fees?

If you make a 2.5% capital gain on Dogecoin, but then pay that same amount in transaction fees, do you still have to pay capital gains tax? Or can the capital gains be offset with the loss incurred ...
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3 votes
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Selling apartment, what taxes do I have to pay?

If I understand the tax laws in Germany correctly, it is as follows: Case 1: If I owned the apartment at least 10 years I don't have to pay taxes if I sell at a higher price than I bought it. Case 2: ...
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capital gain/loss sequence

sorry if this has been already asked but i'm having trouble translating from layman's language to IRS-speak. Assume I buy a security (eg: SPY) in 2020 at $10, then buy another one share in January ...
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Are dividends the same as capital gains?

Is dividends the same as capital gains? If not, what is the difference?
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1 answer
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Capital gains tax with reverse order of purchase and sale

In the US, is it in principle allowed to compute a capital gain/loss by reversing the order of purchase and sale? Here is an example: Assume, on day 1 you buy 1 unit of an asset for 100 dollars. 60 ...
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What would qualify as capital gains to be taxed on in this scenario? [closed]

So I have recently gone into investing crypto and have made good money on it. However I recently started thinking about the taxes on my investments. I'm not a day trader but I do sell and buy the same ...
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short-term VS. long-term capital gain tax rate for margin account

I have a margin account for my stock trading. I know capital gain from stocks held for more than one year is called long-term capital gain while capital gain from stocks held for less than one year is ...
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how to compute income on a year when you sell an asset with some capital gain while you have a rolling over capital loss from passed years

This is about US tax law. When you sell an asset in a year, how does your income computed? Here is a scenario: say you are a 100K/year salary guy. You sell a home ( an investment home, not your ...
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What is a difference between "Tender Offer" and "Tender & Offer"?

Would someone be so kind to please answer me on two different questions: First: I'm aware tender offer has something to do with getting the stocks directly from shareholders, according to some ratio, ...
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1 vote
2 answers
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Indiana State Tax Returns | Did not receive 1099s

I have not received 1099s (INT, DIV, B) from my broker this year. I have to file Indiana State taxes by paper. Since, I do not have 1099's to attach what should I send in place of that? I have some ...
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3 votes
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Why did Turbotax say that I made profit when I actually lost money?

This is the 1099 that I got from my broker. According to them, I lost about $9178 However, when I imported that 1099 file into Turbotax, it said that I actually earned $2562. This is very confusing....
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1 vote
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How to find capital gain from 1099 B form automatically [closed]

Are there any program that can import 1099 B pdf file and then calculate capital gain for me automatically ? Turbotax sorta able to do this. However, Turbotax won't let me upload the form, but they ...
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0 votes
1 answer
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Can I deduct wash sale loss from my total positive capital gains for the year

Here is my simplified wash sale scenario. Let's say I traded only 2 stocks last year: XYZ for a total of $500 wash sale loss. ABC for a total $1000 gain. Txns for XYZ: 05/28/2019 BUY 100 shares ...
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-4 votes
1 answer
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If one makes some short-term capital gain within one's pretax 401(k), does it make any financial difference compared to making long-term capital gain?

If one makes some short-term capital gains/losses within one's pretax 401(k), can this make any financial difference now or anytime in the future compared to making long-term capital gains/losses?
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4 votes
1 answer
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ACA health insurance: What will happen if my income ends up being way higher than I have on record?

I have a state subsidized health plan through Covered CA (California, US). My income fluctuates quite a bit from year to year, but I always do my best to guess what it will average out to be, and if I'...
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5 votes
1 answer
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Capital Gains tax while moving states within US

I'm moving to California in Feb 2021 from Chicago, Illinois. I'm looking to sell stock through which I made $25k capital gains in long term stock. IL capital gains tax is at 4.95% while California is ...
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34 votes
1 answer
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When I sell only a portion of my shares of a stock, which shares actually get sold

Two years ago, I bought 100 shares of XYZ. Yesterday, I bought another 100 shares of XYZ. Today, I sold 100 shares of XYZ. Which 100 shares did I actually sell? If it were the 100 shares from 2 ...
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1 vote
0 answers
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Question for Xenith (Eikon) Expert - Is the following data available...?

In the ''Universe'' tab are many different options: Government and Corporate Bonds, Equities, Funds, Indices, Equity & Index Derivatives, Companies/Issuers, Commodities, FX & Money, Benchmarks ...
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Capital gains tax when selling an investment for bitcoin?

I saw this question. Let's suppose one sells an asset for a $200,000 profit after holding it for 10 year but then immediately sinks the entire sale price into another asset. Is one still expected to ...
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16 votes
4 answers
4k views

Do I have to pay capital gains tax if proceeds were immediately used for another investment?

Let's suppose one sells an asset for a $200,000 profit after holding it for 10 year but then immediately sinks the entire sale price into another asset. Is one still expected to pay the capital gains ...
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11 votes
4 answers
2k views

One-time estimated tax payment for windfall

I recently sold an investment that has generated a capital gain that is a substantial fraction of my 2020 income. My brokerage did not withhold tax (I think that is normal), but I am now materially ...
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Why is capitalization because of revenue fall important?

I have a question: Why is extra capital important in case of revenue drop, either quarter or annual revenue? I'm asking: what are the benefits of getting large amounts of extra capital if revenue drop ...
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1 answer
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Property capital appreciation

Im new to financial formulas so bear with the novice in me. When you hear, guy X bought a property for $400,000 and 20 years later it was sold at a much higher price , and they just subtract sold ...
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5 votes
2 answers
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Do I need to file a tax return as a dependent if my net capital gains are close to $0 but my trading volume is very high?

As per the IRS tax code, it states that a single dependent whose unearned income is less than $1100 and whose earned income is less $12,200 does not have to file a tax return. I am a student, and I ...
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1 vote
1 answer
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Deductibility of short-term foreign capital losses in India

Since short-term capital gains on foreign stocks are taxed at the regular income (slab) rates in India, is one allowed in India to deduct short-term losses on foreign (relative to India) stocks from ...
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3 votes
2 answers
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Wash sale rule applied to quarterly estimated taxes?

I'm looking to pay estimated quarterly taxes. Do wash-sale rules apply to quarterly estimated tax payments (June 1st – August 31st with a due date of September 15th for this past period), or do they ...
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Full year's worth of dividends and capital gains distributions even for new investors of mutual fund -- but how?

I continue to come across this odd fact about mutual fund investing, but I never understood how it works. Let's say I decided to invest in ABC fund the day before year-end distributions. At the ...
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How can we know the capital appreciation of property in an area? [closed]

Let's say I wanted to buy a property in a certain area, I want to know how much of appreciation I am expecting in the next 5 years. What are methods that one can determine the appreciation?
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4 votes
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Do unearned income taxes stack on top of income tax in Philadelphia?

I am a US citizen living in the US. I am employed and make a salary. I have also had some short term capital gains, which I expect to pay regular federal and state income taxes on. Additionally, I am ...
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What assets/earnings are included as "income" when determining capital-gains tax rates? [duplicate]

According to Investopedia, people pay varying long-term capital gains tax based on an income-based rate schedule. It appears that a person with single tax-filing status who earns less than $39,375 (...
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3 votes
1 answer
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Can public scholarship holders in Germany invest in stock market without losing their scholarship?

In Germany, if a person (a German national or not) receives a public scholarship (i.e funded by the government), they cannot earn more than 400Euros addition to the money they are getting from the ...
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2 votes
1 answer
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Do short term capital losses have to be used against long term capital gains for tax purposes?

As explained in this article, I understand that short term capital losses can be used to offset long term capital gains: Long-term gain with short-term loss Again we have to consider two ...
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0 votes
2 answers
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Determining % based property appreciation

Let's say I bought a real estate for $500000 in the year 2020 and is forecasted to appreciate at a rate of 5% per annum. Given the full loan years of 30 years, at the end of 2045, the house price will ...
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