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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2
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2answers
729 views

How are various types of income taxed differently in the USA?

From Dilip's reply when you make a withdrawal from your Traditional IRA, no matter which of your various IRA accounts you take the money from, part of the money is deemed to be taken from the ...
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1answer
2k views

What is the relation and difference between capital gain distribution and capital gain?

In US federal tax, what is the relation and difference between capital gain distribution and capital gain? For example, the two terms are distinct in the instructions of 1040 Exception 1. You ...
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1answer
619 views

Capital Gains tax on the sale of my vacant land in Michigan

Good afternoon, I have a question regarding the Capital Gains tax I will have to pay on the sale on my vacant hunting land I sold in Michigan in 2016. I owned the property for six years and from ...
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1answer
1k views

Why would a mutual fund plummet on the same day it pays its annual distribution & capital gains? [duplicate]

Two mutual funds I follow both plummeted on the same day that they paid out their annual dividends and capital gain distributions. (The rest of the year was relatively stable.) The timing seems too ...
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1answer
70 views

IT Returns for Capital Gains / India

DO I need to file IT returns if capital gains are under the annual limit of Rs. 2.5 lakhs and are the only the source of income? Please advise.
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1answer
97 views

What taxes do I pay when investing in mutual funds apart from retirement?

I have some extra income that I would like to put into mutual funds, instead of leaving it in a 1% interest savings account (best I could find right now). I'm in the United States. Some background - ...
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1answer
942 views

Income tax for Partial redemption of mutual funds - India

I am regularly investing in mutual funds for the past 2 years via SIP. As I am urgently in need of money I am planning to partially redeem by selling some units. My question is, how income tax is ...
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2answers
728 views

capital gains tax for non-resident trading German stocks

I come from Hong Kong, a non-German citizen living outside the German and trading German stocks through a U.S. internet broker. Should I have to pay capital gains tax to German government on the money ...
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2answers
75 views

How do I determine if sale proceeds from an asset are taxable?

So let's say you're a small business and you buy a computer and expense that, and then later you want to sell it to buy a newer one. Is there an easy way to determine how much of this sale is taxable? ...
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1answer
89 views

Does it make any sense for UK private investors to hold gilts directly and outside of a tax wrapper?

According to my understanding of gilts (which is in accordance with the answers here), private investors in UK gilts paying a premium on the redemption price (for example 2% T20s currently report a ...
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2answers
1k views

How are taxes tracked on investments which have already had tax paid on them?

I made some investments years ago and took out an amount in 2016 to invest with on my own. Let's say the amount was $1,000 US dollars. I paid capital gains on this amount which was 15% so of my $1,...
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3answers
7k views

Stocks taxed just for selling, or just when withdrawing?

I'm humbled by the fact I couldn't find a direct answer to this anywhere so if one exists already just let me know and I'll del this one. My question is, say you have an Ameritrade (or similiar) ...
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4answers
114 views

When does it make sense for the money paid for equity to go to the corporation?

Consider this scenario: While incorporating BigCo, Jack specifies that the number of founding shares is one million. Jack releases a product and sells it under BigCo. The product doesn't bring enough ...
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1answer
120 views

House sales and capital gains - primary vs secondary

State: Texas I have two houses. I don't treat them as primary or secondary, they are both occupied. I am keeping them while I can, waiting for the value of one of them to go up sufficiently so I can ...
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1answer
115 views

Selling house at a profit to buy another house out of state

I am selling my primary at at approximately $170k profit after fees. I'm already under contract for a new primary in another state. However, the new house will close a month or more before my primary ...
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1answer
164 views

Canadian Citizen and Non Resident for tax purposes

I am a Canadian citizen was a non resident for tax purposes. If I sold stock shares in January 2016 and became officially a Canadian resident again in April 2016 (3 months after selling the stock), ...
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1answer
403 views

US citizen paying capital gain taxes in Canada on sale of property in US

My son, who is a US citizen living and working Canada. Just sold a piece of property which he inherited in the US. The capital gains was $160,000 and US Federal and State capital gains taxes came to ...
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1answer
165 views

Capital Gains tax when moving for school

My wife and I purchased our home in August of 2014, but now she has been accepted into a doctoral degree program 200 miles away, so we need to sell the house and move. Unfortunately, we might be ...
2
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1answer
112 views

Is there income tax on my one-time sale of my California primary residence?

Bought house in 1998 for $850k, primary residence the whole time, thinking about selling it now for $2.2M Is there Fed or Calif income tax on the profit?
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2answers
123 views

Should I sell/transfer an investment and pay capital gains tax, if it means investing it most wisely?

I married someone with about 100k in an investment portfolio that I do not think aligns with our financial objectives. I want to transfer this to a new joint portfolio (new institution too), but doing ...
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2answers
123 views

If I make more in capital gains than I did in my employment, will I owe employment taxes?

If I have a year in which my capital gains are greater than my employment income and the capital gains, when combined with my employment income, would put me in a higher tax bracket than my normal ...
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3answers
102 views

Should one only pursue a growth investing approach for Roth IRAs

I just opened a Roth IRA and I have been doing some research on what to invest in. I am going to be fairly aggressive considering my age and do a 90/10 stock/bond mix, but I do have one question, ...
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1answer
72 views

What is the capital gains liability on selling two homes?

Just under two years ago, I moved to California and bought two homes. I lived in one for about 10 months while renovating the second, then moved into the second while renovating the first, also about ...
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1answer
113 views

Can capital gains or rental income be used for contributing to a retirement account?

If my wife is considered a real estate professional, and she buys a house to flip, can the gain be used to fund a tax retirement account i.e. SEPP or a 401(k)? Can the rental income from rental houses ...
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1answer
769 views

How to report multiple currency transactions on T5008 (capital gains)

I have a brokerage account with Questrade and recently had a T5008 issued to me. On this slip is a listing of my equity purchases and sales along with the capital gain or loss on each transaction. ...
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1answer
2k 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
667 views

how do capital gains work if the property that you purchased was modified since it's purchase?

Let's say you purchase 10 acres of land 30 years ago for $10,000 and that 10 years ago the city declared eminent domain on a portion of the land and built a road through it. Now you own two tracts of ...
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1answer
55 views

S Corp with Straddles Income

I am thinking of using some S-Corp assets to trade futures this year. If this activity were to generate let's say 100K of profit, and the other corporate activities also generate 100K of revenue, are ...
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1answer
891 views

Definition of “U.S. source” for US non-resident alien capital gains tax

From here: A flat tax of 30 percent was imposed on U.S. source capital gains in the hands of nonresident alien individuals physically present in the United States for 183 days or more during ...
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0answers
194 views

Taxes on capital gains and dividends for non-resident alien

I am a citizen of Spain living in Spain. In the past I lived in the US for over 10 yrs. During the time I lived in the US I opened a brokerage account to trade stocks. Now I have two options: Claim ...
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2answers
85 views

Does Capital Gain tax free amount include other earnings?

So I was looking at the amount of tax free earnings you can get from capital. This scenario is appreciation on a property selling of about £10,000. This, of course, comes (possibly) under the £11,100 ...
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1answer
291 views

Do you use the Cost Basis or the Amount Invested to compute a gain/loss for tax purposes?

A friend's Edward Jones financial advisor is using the Amount Invested and not the Cost Basis to compute the tax loss of selling a mutual fund. I don't know anything about this stuff, but I'm pretty ...
4
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1answer
442 views

Is there a way to roll over short-term gains and avoid capital gain tax

I'm looking to sell some shares of stock I bought, which have provided a 62% return since I bought them a few months ago and want to roll over the proceeds into a mutual fund. I was just wondering if ...
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3answers
208 views

Reducing taxable income in US in December

My wife and I have an annual combined income of $258K. Also, this year I ended up selling quite a bit of my ESPP and RSUs which incurs both long term and short term capital gains. Long term capital ...
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1answer
708 views

Strategy to offset a big one-time windfall or gain/income for tax purposes?

This is a question of curiosity, and not a situation I am in (although one day, I could hope!). I'm self-employed for a few years now, and don't make a lot in net profit, but enough to survive on in ...
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2answers
1k views

Did I get screwed in taxes on a mutual fund dividend payment?

A few years ago I bought a mutual fund in late November, and unbeknownst to me, the fund was set to do an annual dividend distribution about 3 weeks later in mid-December. I bought 5000 shares at $...
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3answers
117 views

Taking Losses To Save On Tax

I had a long term capital gain of 3000$ this year from sale of one stock. If I take a long term loss of 50$ on another long term holding, can I reduce capital gain tax on the my profits? Is this a ...
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2answers
360 views

Further Understanding of Wash Sale Rules

First let's make sure I understand a Wash Sale: Let's say I invest in 100 shares of ABC stock for $100 and after a week sell the 100 shares of ABC for $70, I've lost $30 which I can deduct from my ...
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3answers
441 views

Can time invested be considered capital?

If a business owner works for no salary, but puts time and effort into the business, can those hours be considered a capital investment? If so, is there a term for that kind of work? Example 1: A ...
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2answers
92 views

In India Is the profit earned from investing in SIP for less than five years interest free?

In India Is the profit earned from investing in SIP for less than five years interest free ?
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2answers
400 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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1answer
182 views

Why do taxes exclude reinvested dividends and capital gains as performance?

Source: p 371, Investing For Canadians For Dummies, 3 Ed (2009) by Tony Martin, Eric Tyson [...] [1.] First, the programs can calculate your effective or “internal” rate of return (IRR) by ...
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1answer
98 views

What are the tax implications of dividends that I receive from stocks (equity) that I hold?

I have purchased some shares in the Bombay Stock Exchange. Its been 6 months and have received some dividend income from them. Does this count towards my total income? Will I have to pay income tax on ...
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1answer
2k views

Fetching technical indicators from yahoo api

I am trying to get RSI indicator from yahoo finance api. so far I can get quote in CSV format, but there seems no api for specific indicator such as RSI. Anyone knows how ? thanks
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0answers
515 views

Capital gains tax from selling Canadian property for Canadian non-resident

Case: Capital Gain Tax Implications for House in Toronto, ON Purchase value of House in 2000: $230,000 Potential Sale value in 2015: $650,000 Joint-owners: David & Rebecca, married and both are ...
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1answer
2k views

Capital gains tax when I sell my home if I use a portion of it for an AirBnB

We live in Virginia. We own a nice-sized home and now that the kids are gone we are living on one floor, except for the laundry room. We are considering renting out the downstairs as an AirBnB space. ...
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1answer
581 views

NRI is buying land with wife name , Can we get back that money to U.S later through NRE account?

Thanks for your help in advance I have sent the money to NRE account. From my NRE account I transfered money to my wife Indian account to buy the land. My wife ( She is dependent on me having H4 ...
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1answer
321 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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4answers
31k views

What to do with dividends and capital gains from Roth IRA. Reinvest or Transfer to market settlement fund?

I am 22 and just opened a Roth IRA from Vanguard. I am putting 5.5K a year but I was wondering if someone can give me pros and cons for what to do with my dividends and capital gains? The two options ...
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1answer
70 views

U.S. stock sales- tax on sale for NR Canadian

I am a Non-resident Canadian living in Thailand on a Retirement Visa and my non-residency status dates back to 2013. I have no income except for CPP,. OAS, and a company pension all of which total $...