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.
289
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Proving sale of stock is not short-term
Here is the scenario I am faced.
I've transferred DSPP stock from my former employer's stock transfer company (Computershare) to Etrade a few weeks ago. These stocks are from 2010 and 2011.
I ...
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2
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How to get money from bangladesh
The situation
Recently we sold some property in Bangladesh. It gained a nice sum of money, but now we are a bit stuck on how to get it out. We can be flexible but prefer to transfer it to a west ...
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1
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What are the tax implications of selling an investment property in india?
I am living in UK for last 10 years. I have an NRE and NRO account in Bank of Baroda.
I want to sell my flat in India and will deposit the cheque of 50 lakh in my NRO account. I have bought this ...
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1
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1k
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Capital gains for agricultural land converted to non-agricultural land for the purpose of sale?
I held some agricultural land in Gujarat state for 14 years, and sold it on 20th August. As per the law in Gujarat, a non-farmer cannot hold agricultural land, so the land status was changed to non-...
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12
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3
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If I sell my house, will I have to pay taxes on the profit?
I am in the United States, in Colorado.
I purchased a house in July of 2013. It was in poor condition, so I spent the first two months repairing things before moving in. Now, 11 months after moving ...
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1
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437
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What are the Long Term Capital Gains for this real estate sale in India?
I purchased a site for Rs85,000/- in 30/03/2001 and planning to sell it this year(2014-15) for Rs35,000,000/-.
What will be the long term capital gains for this?
If I invest in bonds for 3 years, will ...
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1
answer
81
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Trading security and tax
According to GAAP:
If I buy 1000 shares of security A for 50$.
Then later, I sell 1000 shares of security A for 150$.
At the same moment I buy 1000 shares of security B for 150$.
For tax purpose ...
- 103
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1
answer
77
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Returning Financial Capital to Investors
If someone invest certain amount on my company and after a year I am able to return the exact capital with the profit, what will I do to that investor? Will that person still invest in my company? ...
4
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1
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1k
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Interpreting mutual fund performance: "Earnings" vs. gains/losses?
I have a 401K at Vanguard through my company, and I was browsing the 'performance' of my fund. I found where it breaks down my transactions, gains/loss, earnings, and overall change.
I'm guessing ...
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1
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How do I determine capital gains tax on a vacation property for 2014?
In 2003, I bought a property in New Jersey for $465,000 to use as a vacation home. I'm planning to sell it, and I think that I'll get around $685,000. I rented it out for several weeks the first year ...
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2
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1k
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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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1
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Taxes when exercising stock options in a privately held startup
Let's say I currently have the right to exercise some employee stock options (ISO) at a certain strike price. I have add these options for more than a year.
I read that the AMT tax applies on the ...
- 225
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2
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Long-term capital gain taxes on ETFs?
Sorry if this is a very novice question. I couldn't find it by searching here or Bogleheads (I'm not really a 100% Boglehead either).
Let's say I hold $30,000 in an ETF called BMT (Big Mike's Tech). ...
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2
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1k
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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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2
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271
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What does "no adjustments" mean?
On Form 8949, Part I, it says You may aggregate all short-term transactions...for which there are no adjustments directly in Schedule D
without reporting them in Form 8949.
What does it mean for a ...
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1
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How do I properly file state income taxes for a 1099-B that has an out-of-state address?
I have a brokerage account with my old address on it from a different state (New York) than my current residence. Therefore the 1099-B and 1099-DIV were issued with the old address on it and I assume ...
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3
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ETF vs Mutual Fund: How to decide which to use for investing in a popular index?
How do you decide between investing in an ETF, vs. in a mutual fund, for the popular stock indexes? Trading costs, tax efficiency, capital gains?
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3
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854
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Can you step up your cost basis indefinitely via the 0% capital gains rate?
I had asked a previous question about moving money between mutual funds without taxation due to the 0% capital gains rate for those in low tax brackets.
However, I realized that this 0% rate actually ...
- 23.9k
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1
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2k
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Is the amount taxable if my grandfather sells agricultural land
My grandfather who is around 80 years old selling agricultural land that he has acquired from his forefathers in Aligarh (Uttar Pradesh). He would the selling the land for 13 lakhs. Is this taxable. ...
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37
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2
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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 ...
- 502
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1
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381
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Offsetting capital losses against gains for stocks
Let us say I hold 4 stocks in a non tax sheltered account
Stock A has capital gain of 10$.
Stock B has capital loss of 20$.
Stock C has gain of 10$ but it is intra day, hence counted as income, not ...
- 15.9k
9
votes
2
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2k
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Shifting money between mutual funds
In the last 5-7 years, I've gradually invested money in several mutual funds via my bank (USAA). These funds now make up about a third of my portfolio. Initially I had invested in these funds ...
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4
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I file 83(b) election, but did't include a copy of it in that year’s tax return
I filed an 83(b) election for stock I purchased in 2011 with the IRS with the 30 days window, but later did not include a copy of it in that year’s tax return.
The the purchase price and the fair ...
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3
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2k
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Why would preferred shares have less potential for capital gain compared to common stock?
From the investopedia article on preferred vs. common shares:
Preferred shareholders have priority over common stockholders on
earnings and assets in the event of liquidation and they have a ...
- 15.9k
3
votes
1
answer
290
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Are capital gains tax-free in a Vanguard tax-free fund?
I own shares of the Vanguard New York Long-Term Tax-Exempt Fund (Admiral Shares)(VNYUX).
I'm wondering exactly what is tax-free about it. The link says that the "interest income" is tax-free (...
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2
votes
1
answer
962
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Asset Sale: Net proceeds to cash AND capital gains?
This is very simple but I'm having trouble figuring out how to account for the sale of an asset, in double-entry bookkeeping, in a way that shows the net proceeds going to cash AND recorded as a ...
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4
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26k
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Is it worth it to buy TurboTax Premier over Deluxe if I sold investments in a taxable account?
I sold investments in a taxable account in 2013, include shares from an employee stock purchase plan (ESPP). I have always used TurboTax and am planning to again, but I'm trying to decide which ...
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2
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453
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Paying taxes super early: is it possible to send the IRS money for my 2014 taxes even though the 2013 tax year isn't over?
I recently sold an investment that earned a sizable (about $20K) short-term capital gain. I know that I'm going to owe income tax on this amount for the 2014 tax year, and although I don't know the ...
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2
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Are there any other investing methods I should look into?
I'm looking into long-term investments. So far, I've looked at stocks, mutual funds, IRAs, and 401Ks. I'm 22 and recently begun my first full time job. I know the basics of these investments, ...
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1
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2k
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Tax applicable on selling of agricultural land in India
My father now aged 65 years, had purchased the agricultural land in Gurgaon area (Farukh Nagar) in 1987. He sold this land in 2011 at Government circle rate. The money was received by demand draft. He ...
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1
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Is it possible to withdraw your cost basis from an investment to minimize capital gains taxes?
Say you invest $10,000. In a couple of months, that $10,000 investment is now worth $50,000. You decide you want to take out your initial investment of $10,000 back into cash and let the remaining $40,...
- 1,858
2
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2
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2k
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ESPP cost basis and taxes
I participated in a qualified employee stock purchase plan (ESPP) and the offering period just ended. I put in $5000 and got a 15% discount on the price at the end of the offering period (no lookback ...
- 14.9k
4
votes
1
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How do capital gains count towards gross income on your tax return?
In the US, when tallying gross income, do capital gains (short term or long term) count toward your gross income, before capital losses? OR do capital losses subtract from your capital gains before it ...
- 20.2k
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1
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Question about large capital gain
For recent years my income has been about $20k.
I'm hopeful that this year I can sell vacant that I bought in 2001.
I paid $600k and hope to sell it for about $3,000,000.
I live outside the US but the ...
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1
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133
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Is money from selling an investment property taxed at the marginal rate?
If I sell my condo (an investment property, not my primary residence) then I imagine I need to pay tax (provided I make a profit).
If I don't make profit, can I use the loss against my salary income ...
- 15.9k
2
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2
answers
13k
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What capital gains taxes do non-resident Canadian citizens owe?
I live in the Caribbean. I remain a Canadian citizen, but a few years ago I declared myself a non-resident for tax purposes. Assuming I have no income in the Caribbean, and I make $100,000 on stocks ...
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1
answer
5k
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How much capital gains tax is due on the sale of a home if most income comes from Social Security?
My 94 year old widowed mother wants to sell her house. Her only income aside from Social Security is a $150/month retirement check from a job she had years ago.
How much, if any, capital gains tax ...
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2
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Is a divorce buy-out of a house a taxable event?
To be clear, this is a question about US Federal Taxes, and I live in Virginia, which is an equitable property (not community property) state. Additionally, I understand this is not a legal forum ...
- 1,038
4
votes
1
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7k
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ESPP in the UK - worth it? Disqualifying / qualifying sales?
I've recently joined a company that offers a ESPP scheme and I just wanted to get a few bits of information as well as confirm that my understanding is correct.
You choose a percentage that will be ...
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cross-currency accounting
I am an American and pay taxes in US dollars. I have some holdings in another currency, for instance, the Euro. Obviously the funds have never been repatriated but this lack of tax event is messing ...
- 20.2k
3
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2
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Capital Gains Tax - Does this apply only to the actual "gains" or to the entire amount of my sale?
If I buy 10 shares of stock at $10 each I have spent $100 in stocks.
If I later sell these within the same year, do I pay taxes only on the difference of the buy price and the sell price [with a ...
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1
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383
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Does a corporation pay same capital gains tax as an individual?
If I open up a corporation in Canada and the sole purpose of the corporation is to trade stocks, does the corporation pay the same kind of taxes on investment gains as if I were trading those stocks ...
- 15.9k
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3
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672
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Is there anything I can do to prepare myself for the tax consequences of selling investments to buy a house?
I have about $500k in Vanguard funds, in a regular (i.e. taxable, non-retirement) account. I've been building these positions over the past 12 years or so.
There's a chance that I'll want to buy an ...
- 2,974
13
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2
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95k
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How to account for Capital Gains (Losses) in double-entry accounting?
After taking an introductory financial accounting class, I decided to use GnuCash to keep track of my personal finances. I have 5 major accounts in my general ledger:
Equity
Currently only used to ...
- 339
3
votes
1
answer
393
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Selling stocks - capital gains
Say I have 500 shares in company XYZ. 250 were purchased on 5/1/2012 and 250 were purchased on 9/1/2012. Is it possible to sell only the stocks that were held for 1 year (5/1/2012)? Avoiding the ...
- 548
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1
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152
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Selling my house and have been taking home office deduction. What will I owe?
I'm in the process of selling my house. I took a home office deduction a couple times, and I am concerned about what I may be responsible for at tax time.
My profit from selling the house is nowhere ...
4
votes
1
answer
6k
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What capital gains taxes do I owe on stock sales in India?
I would like to know about the tax details on selling stocks if I follow this procedure:
Sold stock ABC after holding it for more than a year for INR 1000 for a profit of INR 100
Bought stock BCD for ...
- 237
2
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1
answer
340
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Why are mutual fund dividends and capital gains reinvested at different prices on the same date?
Consider the following mutual fund statement.
The fund reinvested both capital gains and dividends on the same date, yet the reinvestment cost per share is different for the dividends than it is for ...
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6
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1
answer
216
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If I get cash compensation for my stocks (following a merger for example) does that qualify for capital gains tax?
This is the scenario.
Say I buy some shares of a company X at a certain value. Some time after this, when I am still holding the stock, the company gets acquired by some company Y and as part of ...
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votes
3
answers
2k
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Forex vs day trading for beginner investor
In essence, for a person that has not had any real experience with either (except for playing around in simulators like investopedia):
which one would an individual have the most potential to ...
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