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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2answers
73 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 ...
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1answer
56 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, ...
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1answer
95 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 (...
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2answers
496 views

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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2answers
90 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 ...
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1answer
378 views

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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2answers
939 views

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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0answers
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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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1answer
32 views

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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2answers
71 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 ...
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2answers
44 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 ...
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2answers
2k views

Are dividends the same as capital gains?

Is dividends the same as capital gains? If not, what is the difference?
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1answer
69 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 ...
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1answer
83 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, ...
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2answers
265 views

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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1answer
98 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 ...
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1answer
46 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 ...
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2answers
47k views

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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2answers
31 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 ...
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2answers
230 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....
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40 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 ...
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1answer
68 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 ...
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1answer
59 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?
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1answer
48 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'...
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2answers
5k views

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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2answers
1k 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 ...
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1answer
1k 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 ...
33
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1answer
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 ...
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0answers
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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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0answers
78 views

What Details Do I Need to Keep for Tax Returns for Arbitrage Trading (UK)?

I've just started doing some arbitrage trading using a couple of online cryptocurrency exchanges, but I'm not sure what details I need to keep for the tax man. Do I need to keep a record of all my ...
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4answers
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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2answers
113 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 ...
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4answers
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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0answers
68 views

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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2answers
608 views

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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1answer
41 views

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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2answers
204 views

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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2answers
222 views

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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1answer
54 views

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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1answer
111 views

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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1answer
102 views

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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0answers
26 views

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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1answer
121 views

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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2answers
45 views

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 ...
3
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1answer
339 views

Long Term capital gain tax for selling land abroad

My husband and I are currently in the US and pass the substantial presence test for residence (31 days in 2015 and 183 days on the whole) We want to sell a self acquired property purchased in the ...
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1answer
28 views

Should interest on CFD positions be subtracted from UK capital gains?

The question title says it all. If I open a CFD position and hold it for a while, I will be charged interest. Can that be subtracted from the net gain or loss of the trade?
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0answers
23 views

Can transaction fees for same-day trades be deducted from UK capital gains?

Let's assume I buy and sell the same amount of shares on the same day and that the net result is zero, excluding transaction fees. Can - or should - these fees be deducted from the capital gains tax?
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2answers
4k views

how do capital gains work if you don't know the original purchase price?

So let's say my grandparents bought me 1,000 shares of some stock. They used the wrong address, however, and I never knew about it until after they died. The state got the stock and then, a bunch of ...
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1answer
164 views

Is there any disadvantages of paying off mortgage? [duplicate]

Usually when we think about paying off mortgage it always seems a good idea as this is one of the biggest debt for most people. I was curious if there are any disadvantages of paying off mortgage ...
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1answer
61 views

Deduct Expenses not Known and thus not Reported by the Broker on my Capital Gains

I'm interested in borrowing money from one of my credit cards to invest. Yes, I know how that sounds, and I'm aware of the risks; that is not what this question is about; I'm only interested in the ...

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