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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What hapens to realized gains from commodities in *gnucash*?

The documentation for Gnucash mentions that "Any realized gain splits are ignored" within advanced portfolio reports. These reports provide information for open transactions, including ...
maxemilian's user avatar
3 votes
2 answers
930 views

How much taxes do I have to pay when taking a withdrawal from a recurring investment purchase?

I have been looking all over to find an answer and everything I am looking at looks way over complicated. I live in Maryland USA I want to invest $1000 a month into a stock that pays dividends ...
Rita Carmichael's user avatar
2 votes
0 answers
72 views

How does the Bed and Breakfast rule affect capital gains tax calculations when it spans across tax years?

The B&B rule confuses me a bit since disposals are matched with future acquisitions (done within 30 days). What happens to tax calculations (for each tax year) if the tax year ends in between the ...
George Flourentzos's user avatar
1 vote
0 answers
30 views

First Home Savings Account (FHSA) in Canada

FHSA was introduced in Canada in 2023 for first time home buyers. From what I read I can open a FHSA, because I have not lived in the house since I bought it (always rented). I can contribute up to $8,...
user122866's user avatar
5 votes
1 answer
2k views

How do you determine purchase date when there are multiple stock buys?

I buy 5000 shares of ABC on Jan/01/22 for $100,000 ($20.00/share) I buy 2500 shares of ABC on Feb/01/22 for $100,000 ($40.00/share) I now have 7500 shares with a cost basis of $200,000 ($26.66/share)...
AlanSTACK's user avatar
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1 answer
54 views

Are everyday foreign currency exchange fees deductible with the CRA as a capital loss? [duplicate]

Let's say today's official market exchange rate from USD to CAD is 1.30. However, my bank or Western Union is only willing to offer me a rate of 1.20. Therefore, I end up converting $100K USD to just $...
AlanSTACK's user avatar
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1 vote
1 answer
118 views

Do you use the trade date or settlement date for CRA reporting capital gains, especially for exchange rates?

Suppose you engage in the following investment transactions while a Canadian resident: (Buy MSFT) Trade Date: Jan 1st. Settle Date: Jan 3rd. (Sell MSFT) Trade Date: Jan 10th. Settle Date: Jan 12th. ...
AlanSTACK's user avatar
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-1 votes
1 answer
188 views

When you sell a business. Is it a long-term or short-term capital gains tax?

Let's say I start my own small business selling hot dog stands on Jan 01, 2023, and sell it three months later for $50,000. Would my $50,000 be subject to long-term or short-term capital gains tax? ...
AlanSTACK's user avatar
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1 vote
0 answers
67 views

Capital Gains on selling a redeveloped house in India

I am an NRI trying to sell my house in India. My house was redeveloped in early 2000s while I was an Indian resident. I got possession of the said flat in around 2006 when I was still an Indian ...
money.frictionlesspulley's user avatar
2 votes
1 answer
370 views

Calculating Capital Gains for Real Estate

Here is a question using hypothetical amounts when understanding the amount considered capital gain when selling real estate before two years. I want to understand, is the number I am calling capital ...
jhickok's user avatar
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1 answer
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What time period determines the long-term capital gains tax for foreign individuals in Canada?

Let's say I am either a resident of the US or Mexico. If I have a stock I have held for more than 12 months while abroad, and then sell it within the first week of my arrival in Canada, would it be ...
AlanSTACK's user avatar
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1 vote
1 answer
117 views

How do I calculate capital gain when I bought at different prices?

I bought 2 BTC in 2019 for $4,000 each I bought another 2 BTC in 2020 for $10,000 each In total, I bought 4 BTC for $28,000 I sold 1 BTC in 2021 for $40,000 How do I calculate the capital gain for the ...
Ok_Selection_505's user avatar
2 votes
1 answer
55 views

What is the annualized price gain percentage on a stock holding when part has been sold?

There are two sources of price gain on a stock holding: Realized gain on any part of the holding previously sold Unrealized gain on the remaining shares By "price gain," I mean the gain ...
NewSites's user avatar
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101 views

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 ...
Marium's user avatar
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0 votes
0 answers
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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....
Andrew Lazarus's user avatar
1 vote
1 answer
154 views

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 ...
user avatar
2 votes
1 answer
173 views

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 ...
NeutronStar's user avatar
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2 votes
2 answers
87 views

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 ...
user1422331's user avatar
1 vote
1 answer
70 views

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 ...
Franck Dernoncourt's user avatar
1 vote
2 answers
207 views

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 ...
Franck Dernoncourt's user avatar
2 votes
1 answer
73 views

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 ...
ToniAz's user avatar
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6 votes
2 answers
404 views

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 ...
Franck Dernoncourt's user avatar
1 vote
1 answer
39 views

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. ...
KingsInnerSoul's user avatar
2 votes
1 answer
447 views

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 &...
stillsleep's user avatar
0 votes
0 answers
48 views

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 ...
k l's user avatar
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2 votes
1 answer
186 views

How are taxes calculated for a resident alien cashing out assets that gained value 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 financial ...
Ahmed Ihsan Tawfeeq's user avatar
0 votes
0 answers
79 views

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 ...
AccountingForTaste's user avatar
0 votes
1 answer
68 views

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, ...
BiscuitCookie's user avatar
0 votes
2 answers
226 views

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 ...
Walter Goedecke's user avatar
1 vote
1 answer
113 views

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 (...
hellyale's user avatar
  • 145
1 vote
2 answers
185 views

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 ...
David Callanan's user avatar
3 votes
0 answers
77 views

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: ...
simplemind's user avatar
0 votes
2 answers
55 views

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 ...
xst's user avatar
  • 103
3 votes
2 answers
2k views

Are dividends the same as capital gains?

Is dividends the same as capital gains? If not, what is the difference?
CiaranWelsh's user avatar
-3 votes
1 answer
78 views

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 ...
braaterAfrikaaner's user avatar
0 votes
2 answers
76 views

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 ...
michael_wharkins's user avatar
0 votes
1 answer
79 views

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 ...
Jerry Zhang's user avatar
0 votes
1 answer
126 views

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 ...
Haluk Karamete's user avatar
0 votes
1 answer
112 views

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, ...
Claudia's user avatar
1 vote
2 answers
53 views

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 ...
PHcoDer's user avatar
  • 395
3 votes
2 answers
254 views

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....
slllllllls's user avatar
1 vote
0 answers
96 views

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 ...
slllllllls's user avatar
0 votes
1 answer
149 views

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 ...
Spasski's user avatar
-4 votes
1 answer
61 views

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?
Franck Dernoncourt's user avatar
4 votes
1 answer
81 views

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'...
Brimby's user avatar
  • 267
5 votes
1 answer
3k views

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 ...
Rajesh's user avatar
  • 53
34 votes
1 answer
4k views

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 ...
Bear Bile Farming is Torture's user avatar
1 vote
0 answers
28 views

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 ...
Jean's user avatar
  • 11
1 vote
2 answers
122 views

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 ...
user4574's user avatar
  • 215
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 ...
Jimmy Choo's user avatar

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