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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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?
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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 ...
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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 ...
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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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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 ...
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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 ...
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Stablecoin USDT taxation in UK
If somebody buys USDT in an online platform and for example gets 100,000 USDT profit as total, is there a tax to be paid? That person stays in UK.
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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 ...
- 16.8k
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1
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Is there something equivalent of a 1031 Exchange for the UK
I recently learned that in the US you can defer capital gains on a property sale, and use the capital to buy another without paying taxes using a 1031 exchange.
Is there something similar to that in ...
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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 ...
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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....
- 155k
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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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Does FIFO cost basis apply across multiple accounts?
Do regulations require people to manually recalculate cost-basis across all the accounts they own, if stocks were transferred between them?
Example: Broker A cost basis setting is set to FIFO.
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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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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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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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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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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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1
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Capital gains on foreign investment?
An American "tax person" living solely in Canada must report any interest income earned in Canada on his/her US tax return. But, does this income include any gains or losses caused purely by currency ...
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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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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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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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Formula to Calculate FIFO VS LIFO for Financial Instruments
Suppose an individual partakes in some mixture of short term trading and long term investing. Is there a multivariate formula that expresses under what conditions (average/variance of time in a ...
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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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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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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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Bitcoin Cost Basis Purchases
Suppose that a client purchases 10 BTC over a price range of $180 to $290 and transacts twice with his BTC for a total purchase of 2.7BTC. Two questions:
Based on this, the IRS taxes bitcoin like ...
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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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Any capital gains taxes owed for non-residents selling stock in Canada?
I own stock of a company outside of Canada. Recently, the company was bought out by a Canadian company with newly issued shares listed in Toronto. As a shareholder of the company, I received new ...
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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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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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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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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 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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Order of matching for the "bed and breakfasting" CGT rule in the UK
I understand that the "bed and breakfasting" capital gains tax (CGT) rule says that purchases that occur 30 days after an asset of the same class has been disposed of should be matched together, as ...
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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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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 are long-term capital gains taxed if the gain pushes income into a new tax bracket?
First, my understanding is that the long-term capital gains tax rate is 0% for those whose marginal rate on ordinary income is 10% or 15%, and (ignoring the highest 39.6% bracket) the rate is 15% for ...
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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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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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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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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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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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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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Treatment of web domain ownership & reselling for tax purposes: Capital asset, or not?
I run a web publishing business. I buy a large number of domains — and occasionally sell one, although not frequently. Some domains are developed into websites, which bring in advertising ...
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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 ...
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