Questions tagged [capital-gains-tax]

Questions related to the tax liability from the appreciation of assets, e.g. stocks, mutual funds, real estate.

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49 views

Capital Gains tax for Rental House

I have a rental house in Seattle that has been rented for 12 years and is values about $485K. We bought a house in North Carolina last September and didn't know about being able to roll the proceeds ...
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In the US, how to interpret the capital gains tax brackets

This is a question about the United States tax code, and in particular about the demarcation between brackets for long term capital gains. I recognize that the specific cutoffs and tax rates are ...
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Questions about an estate inheritance in Florida

My father passed away last month in Florida and left his estate to me and my older sister. The estate is simple - his house (paid off 20 years ago), some household possessions, and a couple of bank ...
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240 views

Billionaires, loans, and tax avoidance

Recent stories stemming from the ProPublica disclosure about billionaires and effective tax rates describes a strategy where billionaires borrow eye-popping sums of money, using their stock equity as ...
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Are gains/losses on selling 12 months+ puts short- or long-term capital gains/losses?

If I sell a put and only close the transaction after 12+ months of holding that position, is it a long- or short-term capital gain/loss? Some more context: For part of my portfolio, I sell some long-...
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Should a person sell all/some/none of the stock they receive when their former employer goes public

Consider a person with the following financial situation: An annual income in the 150-250 thousand $/year range Savings in the 250-750 thousand $ range (invested in Vanguard ETFs, for example) A ...
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53 views

Double taxation between Germany and US for dual citizen

Suppose I am a dual citizen of the US and Germany. Suppose further, that I currently live and work (employed by a german company) in Germany, and this will stay like this for the foreseeable future. A)...
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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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Utah, USA - Best Option to Minimize Capital Gains on Real Estate Sale(s)

Scenario I bought a primary residence in Utah on 06/2020 RE in UT boomed (21% for my residence) and I'd like to sell Additionally I have property I've owned since 2007 I'd like to sell while the ...
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Money laundering and speculation gains

With all the crypto speculation I was wondering: How do countries differenciate between "dirty" money and speculation gains? I know that in Switzerland you don't have to pay taxes on capital ...
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92 views

Questions about capital gains on real estate

Let's say I sold my house in California and I estimate the amount that capital gains will be taxed (basis + costs + exemption of 250,000/500,000 if it was your primary residence) and there's an amount ...
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Form 6781 and position close date when becoming different state resident?

It seems that Form 6781 Part 1 does not allow to specify position close date. This is where I believe, for example, VIX option trades should go. And it seems that TurboTax in case tax filer moved ...
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How to exchange US stock shares for crypto in other country?

I have shares of stock with US Etrade, but I no longer live in the US and no longer have a US bank account. I want to cash out those shares and use that cash to invest in cryptocurrency and possibly ...
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Where can one view whether one has capital loss carryover from last year on one's tax forms from last year?

I'm filing for my US taxes as a US lawful permanent resident, and I'm trying to determine whether I have any capital loss carryover from last year. Where I view this information somewhere in my tax ...
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Are there any expenses related to managing renovations on a remote property that can be applied to increasing its cost basis?

I purchased a home in another state that has needed major rehab and renovation. I have been traveling to the location to organize, design, and monitor the numerous jobs performed by contractors (all ...
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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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Can I sell a rental property to my LLC at a loss to offset Capital Gains

So here's the scenario I own a rental property that's fully paid off and in my name I own an LLC that's specifically for my rental properties. Currently it's just being used to collect rent and doesn'...
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Taxes on stocks/cryptocurrency day trading

I understand that stocks and crypto are treated as capital gains when a net profit is made, and taxed as such in the United States. My question is what happens when a particular stock or set of stocks ...
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Can I gift cash to relatives for investment and they give back to me later?

I am currently working at USA holding H1B Visa, and obviously I'm a foreigner, and my parents are not American resident, which means they are not subject to any American Tax, (10% dividend might apply,...
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FIFO vs Highest Cost and qualified covered calls

Looking at this post as reference, say I have the following: Added 100 shares of ABC at $50 on Jan 1, 2020. (Lot 1) Added 100 shares of ABC at $60 on Oct 1, 2020. (Lot 2) Sell 1 covered call ...
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Loaning an asset with unrealized gains

Let's say I have an asset that has appreciated in value since purchasing it. Converting it to cash is subject to short term capital gains. What happens if instead of selling the asset, it's loaned to ...
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Using gains subject to capital gains tax to pay down debt on real estate in an opportunity zone

So I'm just learning about opportunity zones. Please keep that in mind as you read this because it likely contains incorrect assumptions. The scenario - I have an investment I made, that appreciated ...
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Is it legal and possible for me to start a “tax haven” account in some distant country while still living in Sweden?

I have just realized that if I ever sell my Bitcoin for fiat, the Swedish government is going to tax 30% of it. Yes, it's "only" on the "gains", but since I primarily bought them ...
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As a new resident alien, can I harvest capital gain losses from previous years when I was a non-resident alien?

In the year 2020, I switched from being a non-resident alien (NRA) to a resident alien (RA) for tax purposes. I'd come to the US in 2015 as an international student (F-1 visa). For NRAs, using the ...
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1answer
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Can I defer capitals gains tax on stocks if reinvest quickly?

I'm working on a loan in California and the bank will offer me a discounted rate if I have more assets on deposit with them. I have the assets on deposit with vanguard in admiral shares (so not ...
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107 views

Long term capital gains on SOME not all cryptos?

What happens if you daytrade some cryptos, while keeping others for a year? Will the CoinBase report to the IRS that you owe short term capital gains on some but long term on others?
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What kind of ETFs can be used by individual investors to defer capital gains taxes by investing in it?

I read (mirror 1, mirror 2): Kerry's huge stock portfolio was largely held through a trust affiliated with his wife Teresa Heinz Kerry, heiress to the Heinz food processing fortune. He reported ...
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What are the tax implications of public stock getting converted to cash as part of a LBO by a private investment company?

This could apply to several situations, but for me, I own stock, ESPP stock, RSUs, and options in a public company that is being bought by a private investment company. When this goes through, that ...
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3answers
199 views

capital gains tax on house sale

Looking for some answers regarding capital gains. Imagine that a married couple buys a house on January 1st 2001 for 500K and lives in it for 5 years. On January 1st 2006 they rent out the house. The ...
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1answer
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Capital gains exemption on selling property

I bought property in June 2019 and planning to sell it 2 years after to get capital gains exemption. My concern right now if my residency to get the exemption is going to be calculated. from June ...
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How to calculate the capital gains with cryptocurrencies, to be correctly taxed in France?

I have been investing recently in cryptocurrencies, and if I were to make any profit, the capital gains will have to be taxed. If I have losses, I must also declare them properly. I am located in ...
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Should I be considering income bracket when establishing how much I owe for taxes when selling stocks?

Bought some TSLA back in 2015 - 600 shares. I made more than ten times the amount of money. I usually am a believer in holding stuff hence most of my investments are in a roth ira, a 401k and a ...
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133 views

Capital Gains Tax When in a High Tax Bracket

So I think this is a basic question but I'm having trouble finding an answer. I sold a rental property this year and it's going to move me up in the tax brackets. My question is, when I sell assets ...
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477 views

How to rebalance a portfolio in a taxable account

I hold ETFs in a regular brokerage fund that is not tax shielded. I have about 20,000$ in VT, 6,500$ of that is profit. I wanted to swap VT with VEU. Are there any financial instruments that I could ...
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What is holding date for Mylan stockholders since the merger with Viatris?

Is the holding date, in regards to either short term or long term sale, the closing date of the merger or the original purchase date for a Mylan stockholder in the Viatris merger?
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How to calculate capital gains on multiple trades of the same stock?

I'm curious what is my capital gain for tax purposes if I trade a security and never sell my entire position? Here's an example of what I mean: In January, I buy 10 shares of Stock A at $1 per share. ...
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Is there a proof that tax lot optimizer is really optimal?

Sites like TD Ameritrade offer a specific lot method of recording capital gains that claims to be most efficient. Such as using the following order: Short-term loss– descending order by cost per ...
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1answer
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Wash sale clarification on options trading

If I buy deep in-the-money put options, and sell not so deep in-the-money (higher strike priced) put options and if both expire worthless, will I not be allowed to deduct the loss incurred from the ...
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What is the tax status of assets recovered via bankruptcy proceedings?

Say someone held some non-cash assets (shares, cryptocurrency, etc.) with a third-party business that went bankrupt. They become a creditor in the bankruptcy proceedings, lose access to whatever ...
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Can I reduce the capital gain on which I have to pay taxes if the previous year I had big losses?

Suppose this year I have a capital gain of 200 thousand pounds, but last year I had a loss of 50 thousand pounds... this year can I pay taxes only on 150 thousand pounds of capital gain? And what if ...
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How will my 1031 boot be taxed?

In the USA I'm working on a 1031 exchange. I'm having trouble finding information on how a boot (if I take one) will be taxed. I'm closing on my sale for $700k. I will have a capital gain of $550k. I ...
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1answer
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Taxes on shares transferred from one account to another

I recently closed my Edward Jones account and performed an in kind transfer of all my shares to my Ally Invest Account. I see all partial shares (from my DRIP) had been sold for cash before the ...
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If a mutual fund sell shares for a gain, do investors need to pay capital gains tax twice?

In here it is stated that An investor holding mutual fund shares in a taxable account may owe tax on any net capital gains realized from the sale of his fund shares during the calendar year. In ...
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2answers
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Can IRS construe a Roth conversion to be a wash sale?

Should I do Roth IRA conversions after a market crash? I have too much money in my traditional IRA and not enough money in my Roth IRA. Both accounts use VTSAX. I have no intention of touching it any ...
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If I sold some stock by mistake and immediately bought it back, is that sale still subject to capital gain tax in USA?

Today I wanted to buy a few shares of Apple (AAPL), let's say 10 shares. When I handled the UI, there was the "By number of shares" and "By dollar amount" and then "Market&...
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With respect to taxation, multi-asset ETFs such as 75% bonds + 25% equity are better compared to a 100% bond ETFs?

In here, it is claimed that Less than 100% of gains may be taxed. There is a partial exemption (i.e. Teilfreistellung), which causes only part of the gains (e.g., 70%) to be taxed. This exemption ...
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For a German residence, is there a difference between investing U.S-based or Eurozone-based ETFs?

For a German residence, if you compare investing in identical two bond ETFs, one is in the US and one is in the Eurozone area, from a taxation perspective, which one is cheaper?
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If I sell two rental properties in same tax year with one at a loss and the other a gain do they partially cancel each other?

I will have a profit on one rental property and a somewhat smaller loss on another one. Will the loss on the second be deducted from the gain on the first before determining capital gains? Do they ...
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236 views

wash sale rule for multiple lots

I am a bit confused by this specific scenario of buys, sells and how to calculate the cost basis for the lots I'm holding. This question is for USA tax purposes. Day1, buy 100 shares at $10 Day2, ...
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Wash sell issue. I’m a bit confused new to trading. Question is do I pay taxes on that disallowed as profit?

Do I pay taxes on only the $6000 or on both the 1.2mill and the 6000? USA

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