Questions tagged [capital-gains-tax]
Questions related to the tax liability from the appreciation of assets, e.g. stocks, mutual funds, real estate.
464
questions
2
votes
1answer
89 views
Are long-term capital gains considered for ACA subsidy calculation, even if they are taxed with 0%?
If your total income is below a certain limit, long-term capital gains are taxed with 0% (again, up to a certain limit).
If you stay below both limits, you are paying zero tax for the year; but - ...
6
votes
1answer
134 views
In which country do I pay capital gain taxes, as a German with a US Internship?
This year, I did an internship in the US, and during that time I bought some stocks. Now I am back in Germany, and got dividend payments on these stocks, and also want to sell some of them soon. ...
0
votes
0answers
32 views
Incorrect amount of shares on a 83(b) election form
My question is about a 83(b) election form during early exercise of ISO.
I've worked in a company for quite some time and was awarded ISO in 2017: 50k shares at a strike price of $0.02c. A year later ...
2
votes
3answers
251 views
Do share prices on average drop by the whole dividend?
Share prices (including ETF prices) drop when a dividend is paid out.
What's the empirical evidence for the exact amount of the drop? I found some old papers that mention that the stocks they looked ...
5
votes
1answer
119 views
Dividing capital gains over 2 calendar years
I was reading through some investment brokerage literature and came across this caption
Long-term capital gains & AMT
Realizing a capital gain that's large in comparison to the rest of ...
0
votes
3answers
104 views
Sell house after exceeding capital gains exclusion?
Let's say that the value of your house has increased by more than the amount of the capital gains exclusion ($500k for married and $250k for single), and you otherwise meet all the criteria to exclude ...
2
votes
1answer
26 views
ESPP: Qualifying Disposition (18 mo. after purchase) vs. Long Term (12 mo. after purchase)
I've attempted to search for answers to this, but I'm just not understanding them, so wanted to post to see if I can get some clarity.
I am part of a ESPP which has a 6 month lookback, 15% discount, ...
3
votes
2answers
92 views
Taxing Capital Gains in an Earlier Year
I know I will have a large $70,000 capital gain in the beginning of 2020 (due to my selling deep-in-the-money covered calls which will expire, and therefore get exercised, in January). Would the IRS ...
1
vote
1answer
63 views
Calculate income for long term capital gains
How do you estimate your income for long term capital gains?
Do short term capital gains count in this income for long term capital gains?
Do short term capital losses reduce income for long term ...
1
vote
1answer
51 views
Calculating allowable expenditure for multiple share purchases and sales
I have a fund where, over the years, I have made multiple sales in-between multiple purchases. I can't find a worked example on how to assign the purchase costs to each shares sale, for the purpose of ...
2
votes
1answer
51 views
How to fill in Line 6 on Form 1040 if Schedule D does not have to be filed?
In the United States, IRS Form 1040, line 6 is for Capital Gains. The instructions on the form say:
Capital gain or (loss). Attach Schedule D if required. If not
required, check here
In order to ...
2
votes
1answer
157 views
Should I file every stock I sell when I do my tax report?
As a way of saving money for future I started investing into the stock market 1.5 years ago. I do not think much of it, I usually play around rather than treating this seriously. I didn't invest much ...
1
vote
1answer
47 views
Year end capital loss taking and wash sell rule
In order to offset some downside risk I have purchased SQQQ shares throughout the year. It’s almost end of 2019 and I find NASDQ is at all time high. As a result I would like to sell SQQQ share and ...
-1
votes
1answer
85 views
Is currency value preservation considered a capital gain?
There are many ways a currency can lose its value. For example, during the financial crisis people were dumping GBP in favor of reserve currencies such as USD, which will probably happen again during ...
2
votes
1answer
114 views
What happens to the cost basis when property declines in value between its purchase and the death of its purchaser?
My question is propted by this question on the logic behind the stepped up cost basis for inherited property, but is in no way a duplicate.
Suppose that the value of, say, a stock at the time of the ...
0
votes
0answers
53 views
Tax implications of selling a bond vs. holding to maturity
In India, for retail investors, sale of bonds are subject to capital gains whilst holding to maturity (assuming cumulative interest) invites income tax on interest component at marginal rates. Right?
...
2
votes
0answers
123 views
If you are married, your house's capital gain is tax free for the first $500k. But what if your spouse is not a citizen?
If she is not a citizen or if she doesn't not have a green card yet, does this apply?
I think the rule is that she also has to live in the house for 2 years in the past 5 years, so she will need to ...
0
votes
1answer
63 views
What is the advantage of creating a new basis for a valuable asset during an inheritance?
I understand that when a person dies and leaves an asset as a bequest, then a new cost basis is established for the asset. This can possibly be advantageous for taxes, but I don't see exactly how.
...
3
votes
0answers
153 views
Will I get trouble with CRA, if I withdraw yearly maximum Capital Gain without paying tax in ON for many years?
Assume I get 0 income and my Capital Gain doesn't fall. I live in ON. Call F the maximum federal ($12069 in 2019), and P the maximum provincial ($10582 in 2019) basic personal amounts. Retirement ...
1
vote
0answers
20 views
Combine 121 and 1031 - how much capital gain is non taxable?
Section 121 allows $500k of cap-gain to be non taxable (in the right circumstances) Section 1031 allows the deferral of capital gain taxes (in the right circumstances), and they can be combined. But I'...
0
votes
1answer
44 views
Are profits made from equity investments subject to income tax on top of CGT?
I want to invest in a stock ETF, but I'm wondering if any profit I make from these investments is subject not only to the 20% Capital Gains Tax but also counts towards income and thus subject to ...
0
votes
1answer
34 views
Will I be Taxed for Switching HSA Providers?
I always thought the HSA provider assigned to me by my employer was my only option, but recently read that I am free to choose my own.
If the account has grown beyond the size of my contributions, ...
1
vote
0answers
22 views
UK: How does gift holdover relief interact with potentially exempt transfers?
An elderly acquaintance is considering gifting some shares in the family business to his children.
There is significant capital gains accrued on the shares (which said relative has held for decades), ...
0
votes
3answers
183 views
US Tax Obligations for Multiple Trades of Stocks or Cryptocurrencies
Background
I am trying to understand potential tax obligations for trading stocks and cryptocurrencies in the US. I was able to find the following information online:
The IRS considers ...
1
vote
1answer
73 views
Do I have to pay income tax and capital gains tax on S-corp distributions when my stock basis is $0?
Consider the following hypothetical:
I start an S-corporation as sole owner and employee but contribute no initial capital or assets. My starting basis is $0. (My initial investment is my expertise, ...
0
votes
1answer
89 views
Can I change a cost basis method retroactively?
On Form 8949 of my 2017 tax return, I reported short-term (Box C) & long-term (Box F) "transactions not reported to you on Form 1099-B".
Will the IRS allow me to file an amended return that ...
0
votes
0answers
119 views
Algorithm to minimize capital gains tax
I've made thousands of cryptocurrency trades and have them in a CSV file with the necessary fair market values.
I'd like to use the specific-shares cost basis method to minimize my gains.
Is there a ...
0
votes
1answer
77 views
Tax implications to sell my pre-IPO shares through Sharespost
Several years ago, I was granted some RSUs from a company and I'd like to sell those RUSs in Sharespost (sharespost.com). I want understand the tax situations here.
Let's just say I paid those shares ...
3
votes
1answer
167 views
Are all the capital gain of a house or stocks tax free and have a new cost basis if passed as inheritance?
I was watching a YouTube video by TechLead, and he said that in USA, if a house or stock is passed down as inheritance, then it has an adjusted cost basis of when the person passed away.
So as an ...
0
votes
3answers
260 views
What is the reason for paying more capital gains tax if I stay in the same house longer?
Example 1: I stay in House 1 for 5 years, it goes up in value by $250k, and I sell it, then I pay $0 tax. And I do the same for House 2 for 5 years, and it went up $250k and I sell it, then it is $0 ...
3
votes
1answer
44 views
Do I need to buy a new property to get the tax exclusion from Section 121?
I've owned and lived in my primary residence for about 3 years now. I am about to sell it in a few months and, when searching online for tax information, I saw many references to both Section 121 and ...
1
vote
0answers
51 views
Can a capital loss on a gilt be set against the interest received when tax is calculated?
Say if I buy a 3.75% gilt for £103, with a redemption date 1 year from now, then at the the end of the year I should receive £3.75 interest from coupons, but I lose £3 of capital. The total gain is £0....
3
votes
1answer
92 views
Are inheritance tax and capital gains due on UK property joint owned by parents and children?
Around twenty years ago my parents amended the ownership of the family home so it was jointly owned one quarter each by my parents, my sister and I. At the same time they made wills stating that their ...
0
votes
1answer
44 views
Tax on sale and distribution of mutual fund
I have investments in a mutual fund. That fund grew in value (i.e. had a distribution) So I got a 1099-DIV. I understand I have to pay capital gains tax on this growth.
However I also sold some of ...
3
votes
1answer
84 views
Can capital gains from shorting a stock ever be taxed as “long term?”
Is there ever a situation where the capital appreciation from shorting a stock would be considered long term?
My understanding is that the "holding period" for the stock is the length of time the ...
1
vote
1answer
34 views
US Capital Gains tax for US citizens living in Ireland on US brokerage stock sale
I am a US citizen (Irish citizen also) who moved permanently to Ireland at the end of 2018. For all of 2019, I will be resident in Ireland.
I have a US brokerage account (eTrade) and recently sold ...
1
vote
1answer
162 views
Taxes/Investing in Gold and Silver
I am a 19 year old college student and a US resident. I recently got a job and am making $15/hr (which may increase) ~15 hrs per week. I live with my parents and have no expenses. I want to save/...
1
vote
1answer
63 views
UK Capital Gains tax and Income
If a UK resident makes a capital gain of £25000 and has a state pension of £6000 are they liable for any UK tax, given that there is a capital gains allowance and a tax allowance?
4
votes
1answer
101 views
Is the capital gains tax rate bracket calculated after deductions?
For example, if someone (single filer) makes 45k in regular income and wants to sell stock which would realize 5k of long-term capital gains:
Do they pay 15% on the capital gains because, with 50k ...
1
vote
0answers
18 views
1031 Exchange Scenario
I'm looking to sell a single family rental property for $400K and buy two with a 1031 exchange. I should have about $150K to put down. I may look at turning one of the new properties into my primary ...
3
votes
1answer
53 views
Ontario Capital Gains,are profits also part of taxable income?
Say I Sell my investment property house for 500k and bought it for 250k. Leaving me 250k profit.
I'd be taxed on 50% of that correct: 250/2 = 125k taxable. and 125k Profit.
Now my 125k is taxed ...
1
vote
0answers
50 views
Lowest tax implication for selling an inherited house
Context: A homeowner passed away in 1999 and the house ownership was moved into a trust. At that time the house was worth ~120k. It is now worth ~400k. The beneficiaries are divided equally among 3 ...
0
votes
1answer
61 views
Does letting your main home while living away disqualify you from Private Residence Relief?
I have only one property and I'm living away from home. However, I have also been letting the property while I'm away.
I'm confused by the information on gov.uk. On the one hand it says here:
If ...
1
vote
1answer
33 views
IRS CP2000 for Company Retention Stock Options
I was granted company restricted stock with a vesting period of 4 years. I was under the impression that upon vesting, the stock is taxed and that's all I owe. I could then sell the stock and that ...
2
votes
2answers
640 views
What is the capital gains tax on stocks in Netherlands?
Pretty simple question - but I have read conflicting pieces saying in some cases capital gains is 0% in Netherlands and other places that it is 25%.
Can anyone share details on the rate of capital ...
2
votes
1answer
113 views
Tax implications of selling UK property as US residents, while keeping cash proceeds in the UK?
We are currently selling our UK property and complete in a couple of weeks. The original plan was to transfer the money to our US account and pay off our US mortgage, but the exchange rate is ...
1
vote
2answers
451 views
Tax in Germany on ETF, government bonds, stocks
I've heard Germany tax rate on ETF capital gains and dividends is Kapitalertragsteuer + Solidaritätszuschlag = 26.375% (assuming you don't want to pay church tax also)
Is this tax rate the same on:
...
0
votes
1answer
69 views
Is there SALT on long term capital gains?
I see that long-term capital gains tax rates are 0%, 15% or 20%. But these are federal so is there also a state and local tax on long term capital gains? Specifically in New York City, which for ...
1
vote
0answers
42 views
Renting and selling a US house while being a EU resident
Clearly anybody can buy a residential property in the US. If one buys for investment and lives in EU (say UK) where does he/she pay rent and sales tax? US or UK?
2
votes
2answers
209 views
Capital Gains Tax when withdrawing from a stocks & shares ISA in the UK
Capital gains tax is due on gains made investing in stocks / shares in the UK.
So in theory if I were to invest £20,000 and the value of the shares were to increase by 10x and I sold at £200,000, I ...
