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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1answer
356 views

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 ...
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2answers
2k views

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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4answers
3k views

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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3answers
2k views

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 ...
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1answer
269 views

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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1answer
932 views

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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4answers
25k views

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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2answers
419 views

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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2answers
166 views

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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1answer
2k views

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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1answer
2k views

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,...
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2answers
2k views

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 ...
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1answer
5k views

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 ...
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1answer
252 views

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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1answer
128 views

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 ...
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2answers
12k views

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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1answer
5k views

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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2answers
13k views

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 ...
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1answer
6k views

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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1answer
199 views

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 ...
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2answers
353 views

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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1answer
370 views

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 ...
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3answers
658 views

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 ...
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2answers
91k views

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 ...
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1answer
382 views

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 ...
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1answer
143 views

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
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1answer
6k views

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 ...
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1answer
327 views

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 ...
5
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1answer
198 views

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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3answers
2k views

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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1answer
1k views

If a company goes private, does it still count as a capital gain/loss?

This is related to "What happens to public shareholders when a public stock goes private?" I am pretty sure the answer is yes, but: If you own stock in a public company which is bought out, does it ...
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2answers
2k views

Capital Gains taxes on an inherited house

My grandfather passed away in 2011 and my father inherited his house. We are looking to sell the property now and are concerned with capital gains taxes. The property has a market value of around $...
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1answer
1k views

How to determine mutual fund or ETF capital gains taxes in Canada?

I live in Canada. I invest with TD Waterhouse, but I believe my question is unrelated to my specific broker. Over the course of 2011 and 2012, I invested in a mutual fund indexed to the S&P/TSX (...
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1answer
394 views

Gains/loss calculation for staggered buys & sells?

I am completely new to this, so understand that I realize that I still have a lot to learn before I invest any significant sum of cash. I've bought a few shares of stock (let's call it ABC) through ...
4
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1answer
255 views

Selling before "Fiscal Cliff" potential change to capital gains tax?

I am going to sell some of my stock for a personal expense. I've owned the stocks for maybe 2 years. Is it a good idea to do so before Jan 1 to avoid getting hit with an increase in capital gains ...
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2answers
2k views

Does it count as long term gains if you buy and sell more shares of an existing stock holding?

I'm a little uncertain on how capital gains tax applies to this scenario. Will it be considered a long term or a short term gain? I bought 100 shares of XYZ for a few years ago The stock does does ...
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2answers
4k views

ESPP strategy - Sell right away or hold?

I participate in my company's ESPP. Unlike most ESPPs, ours purchases shares on a MONTHLY basis, the price being the average on the last day of the month. A dollar contribution is taken out of each ...
9
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2answers
728 views

Growth of unrealized gains in tax-managed index funds

Tax-managed index funds defer capital-gains distributions by, among other things, offsetting capital gains with losses and deviating from their underlying indexes to avoid having to sell appreciated ...
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2answers
120 views

Capital Gains on Stock Sold in Order to Sell House

I'm currently underwater on my mortgage. If I liquidated part of my mutual fund holding in order to pay the difference between the sale price of the house and what is owed, does the standard capital ...
2
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1answer
1k views

How converted stock is taxed due to an acquisition

Private company A was bough by a public company B. All unvested A's common stock (result of early exercise) will be rolled into B's restricted stock (with the same vest schedule). Is this taxable ...
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1answer
353 views

83(b) and long term capital gain

I have been in company A for ~10 months and I have been granted X amount of ISOs (Incentive Stock Options). Though, none of those ISOs have vested yet. Now company B just bought company A (deal is ...
9
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2answers
21k views

Tax implications of 401k regular rebalancing vs a retirement target fund

This question is in the context of securities held within a 401k. As I understand it, one of the advantages of a retirement target date fund (like Fidelity's FFFHX, which I am in 100%) is that the ...
8
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1answer
192 views

What are the differences in taxes rules for specialty ETFs such as GLD (Gold ETF) and general ETFs?

I am in the 15% tax bracket. In terms of short term hold and long term hold, I want to know what the differences in taxes rules for specialty ETFs such as GLD (Gold ETF) and general ETFs as are?
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1answer
141 views

Cashing in a Self Selected Stocks & Shares ISA

If I wanted to cash in my ISA today, what taxes would I have to pay and what percentages would they be? I think that if the value of the ISA is about £10,600, only then would I have to pay capital ...
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1answer
710 views

Meaning of capital gain distribution

How is capital gain distribution calculated? I wonder what differences and relations are between capital gain distribution and capital gain/loss? Line 13 of IRS Form 1040 asks for capital gain and ...
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1answer
7k views

How to report adjustment to basis of sale of a publicly traded partnership?

I've received a K-1 from a publicly traded partnership, which lists Cumulative Adjustments to Basis. I sold some of the shares in this PTP in 2011, and for each lot, there is an amount in this ...
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1answer
1k views

"Cap gains exposure" of an ETF -- what does it mean?

Morningstar provides an ETF data point called potential cap gains exposure. For example, here is Vanguard's Europe ETF (VGK): This value is negative 78% for VGK. I understand that this is a good ...
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2answers
2k views

Short or Long Term Capital Gains for Multiple Investments

Say I make the following transactions: Jan 5, 2011: I buy 100 shares of Stock X Jan 5, 2012. I buy 100 more shares of Stock X. August 1, 2012: I sell 100 shares of Stock X. If I have this correct, ...
2
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1answer
579 views

Tax consequences of short term capital losses

How do short term capital losses figure into taxable income? If someone has 50k of taxable income before considering capital gains (and losses) and a total of $2k in short-term capital losses, what ...
2
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2answers
716 views

Cashing in stocks for house downpayment

I've got a handful of stocks that I'm planning on cashing in for a house down payment. I'm wondering if anyone knows if I will get hit with capital gains tax, if I'm immediately reinvesting the money ...