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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1answer
54 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 ...
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1answer
80 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 ...
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3answers
240 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 ...
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1answer
42 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 ...
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50 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....
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1answer
83 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 ...
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1answer
43 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 ...
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1answer
75 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 ...
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1answer
25 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 ...
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1answer
156 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/...
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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?
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83 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 ...
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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 ...
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1answer
50 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 ...
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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 ...
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1answer
57 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 ...
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1answer
29 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 ...
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2answers
253 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 ...
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1answer
105 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 ...
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2answers
173 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: ...
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1answer
64 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 ...
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41 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?
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2answers
110 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 ...
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0answers
30 views

US securities/brokerage account, owned by non-resident; tax liability

Assume the following scenario: natural person (not US citizen or Green Card holder) is tax-resident in some European (EU) country owns a US-based securities/brokerage account that holds shares of a ...
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1answer
703 views

Robinhood doesn't allow you to exercise call options in the app?

On the Robinhood website, https://support.robinhood.com/hc/en-us/articles/360001331403, the following is written about exercising stock options: Can I exercise my call before expiration? Yes. ...
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1answer
70 views

1031 exchange mortgage and principal

Let’s say I Sell a 500k property, of which 300k is profit, and 100k was principal and 100k a loan payoff. At sale closing, I send 300k to 1031 intermediary, 100k to bank (loan payoff), and 100k ...
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2answers
73 views

Understanding capital gains and taxes on employer stock purchase plan

My company offers employee stock purchase plan at a 15% discount. What I am wondering is how does capital gains come into effect if I only sell my original investment? As an example, using even ...
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1answer
124 views

Can I really pay 0% tax on unlimited long term capital gains if I'm in the 12% federal income tax bracket? [duplicate]

I'm afraid I'm missing something because the 0% tax bracket for capital gains seems too good to be true. Everything I'm reading (e.g. "The zero percent tax rate on capital gains applies to people in ...
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1answer
103 views

Wash Sale Rule on Overall gain

Day 1: I purchased 100 stocks of ABC for 100$. The stock went down and I purchased additional 100 shares for say 80$. Now, my average is 200 shares for 90$. Day 2: The stock went up and I sold all ...
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9answers
10k views

What do I need to do, tax-wise, for a sudden windfall?

I had stock options in a company which was recently sold to a private investment firm. As a result, my options were converted into a single large sum ( > $100,000) and delivered via wire transfer into ...
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1answer
113 views

Tax consequences of transferring securities to non-spouse family member (US to US)

What are the tax implications of transferring stock between two family members who both live and work in the US? Family members in this specific case are parent->son/daughter and both adults don’t ...
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1answer
52 views

Rental Property 1031 Exchange & Boot

Is a mortgage "boot" still considered a recognized gain even if the debt, LTV (loan to value) and purchase price have all increased or remained the same in the exchange? Note: If you aren't familiar ...
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29 views

Capital loss treatment for non resident aliens

Can non resident aliens (someone who does not pass the substantial presence test) claim the 3000$ deduction against income if there is no sufficient capital loss? Also can any excess capital loss be ...
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1answer
71 views

Tax rules for investment LLC's

I have a question about how investments managed by an LLC are taxed. For example, say I invest my own money and buy a stock and I sell it for a positive return. If it is sold in less than a year of ...
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1answer
48 views

Is there a different tax rate for non-U.S. resident foreigners on capital gains in the U.S., depending on period of investment?

I'm an Indian citizen, living in the U.A.E. The U.A.E. does not have a tax treaty with the U.S., so, tax treaties don't affect the equation, which makes things simple. I've read that there is a ...
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0answers
49 views

UK Capital Gains Tax on Property - Deductible costs

Over 16 years ago my mother gifted me £40k from the sale of her home that I agreed to use towards buying a flat in my name for her to live in. There was a proviso to the gift that I was to give my ...
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2answers
207 views

Realize losses and gains at convenient time

Suppose I am long-term invested in some stocks or etfs. Consider the following two situations: 1) stock market is high, my personal income from work is low. Is it a good idea to sell (part of) my ...
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21 views

Opportunity Zone 180 Day Reinvestment Rule With S-Corp Sale

I sold stock in a S-Corp on Jan. 1 2018. I was reading up on the latest guidance from the IRS regarding the 180 days reinvesting cut-off. The regulations say that you have 180 days from the date of ...
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3answers
4k views

Capital gains on stocks sold to take initial investment off the table

Suppose I have invested $100K in a stock that was trading at $100 per share. The stock has gone up by 10 percent and is now at $110. I sold 909 units at $110, i.e. 909*$110 ≈ $100K, which is ...
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1answer
167 views

Capital gains on vacant land

My husband inherited vacant land when his mother died in 1990. His parents bought this property in 1946 if that makes any difference. We are selling it and am wondering what we will end up with after ...
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0answers
178 views

Is there a 1031 Exchange equivalent in Ireland?

I've recently been looking into buying real estate investments, & I've read about a 1031 Exchange in USA. Here is a definition I've found: Thanks to IRC Section 1031, a properly structured ...
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1answer
119 views

When two valid methods used to determine step-up in value at death for real estate differ, can one freely choose the most advantageous?

I have been told that there are (at least) two methods to determine the value of real estate at death, for cost-basis step-up purposes: (1) the value given by an accredited appraiser (2) the value ...
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1answer
112 views

Do I have to pay tax on Capital Gained on primary property?

I am a Canadian citizen. I have been worked for a company in Mississauga, Ontario since 2016. Around this time my dad was diagnosed with illness so in March 2016, he added my name to his property in ...
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0answers
47 views

Capital Gains Tax and Main Residence

If I changed my main residence 4 years ago, but did not inform HMRC, then can i register for the dates i actually changed my main residence when i sell my older property, in order to avoid paying more ...
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4answers
1k views

Using dividends to reduce short term capital gains?

Let's say I have $100 in short term capital gains this year. I will need to pay taxes on this gains at the my ordinary tax rate (which we shall assume is 37%). Let's also say there is a stock that ...
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1answer
152 views

Capital gains are not taxed if total income is below $77,200. Does “total income” include capital gains, or not?

The tax rate for capital gains is 0% if your total taxable income is below $77,200 (if married filing jointly). But does "total taxable income" include capital gains, or not? For example, suppose my ...
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0answers
48 views

Capital gains tax for F1 visa holders?

I am currently on F1 visa and planning to invest in U.S. stocks. Could someone explain how much is the tax on any capital gains? Both long term and short term?
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0answers
147 views

Capital gains tax and HMRC. What is the definition of a lodger and is there a difference between a friend staying a few months and a lodger?

I have two friends living with me and they only pay bills (no rent) and I wondering if I would be liable for CGT on the period they live there? I don't take any rent from them at all and they are ...
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1answer
96 views

Capital Gains Tax - rented my flat at no real profit for a number of years

I have been letting my home to lodgers on and off for a few years to friends for no profit or a considerably lower profit (30% -50% of market value). I don't consider it a business or a money making ...
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1answer
49 views

Capital gains tax calculations - percentages per year of increase or at sale (UK)

Purchased house for £100,000 in 2008 Sold house for £200,000 in 2017 The house was let out entirely for the duration of ownership. My income for 2017 was under the tax free allowance. Now, to ...