Questions tagged [capital-gains-tax]
Questions related to the tax liability from the appreciation of assets, e.g. stocks, mutual funds, real estate.
688
questions
6
votes
2answers
431 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 ...
1
vote
1answer
21 views
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?
2
votes
1answer
70 views
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.
...
0
votes
2answers
75 views
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 ...
1
vote
1answer
29 views
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 ...
1
vote
1answer
36 views
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 ...
3
votes
0answers
43 views
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 ...
0
votes
0answers
26 views
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 ...
1
vote
1answer
48 views
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 ...
14
votes
3answers
2k views
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 ...
2
votes
2answers
55 views
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 ...
15
votes
4answers
7k views
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&...
0
votes
0answers
26 views
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 ...
0
votes
0answers
21 views
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?
1
vote
1answer
48 views
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 ...
0
votes
1answer
48 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, ...
1
vote
1answer
101 views
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
10
votes
2answers
2k views
Do capital gains taxes need to be paid throughout the year to avoid underpayment of estimated tax penalty?
I made a decent amount in short-term capital gains in 2020. As I was filing my taxes this year, Turbotax informed me that I needed to pay a penalty for underpayment of estimated tax. I don't totally ...
0
votes
2answers
44 views
Is this the right way to calculate capital gains when cashing out a mutual fund?
I cashed out a taxable mutual fund in January. It is a long held fund. I got an activity history of all the transactions so that I can figure out an estimated tax to send in to the IRS as currently, I'...
0
votes
0answers
107 views
My 52 year-old husband owns a rental property. Sell? When?
My husband owns a house we rent. The tenants are great, but my husband is taking a cash flow loss (less than $400/mo). However, the equity is rising nicely - 14% last year, 54% over the last 5. I want ...
4
votes
2answers
83 views
Can I pay equal amounts of quarterly tax if my income is uneven?
My money manager typically reallocates my portfolio early in the year. That means the majority of my capital gains occur in Q1. Am I required to adjust for this in my quarterly taxes, trying to pay ...
0
votes
1answer
53 views
Determining Virginia Capital-Gains on Collectible Cards
How do I determine what the capital-gains tax is on an item like Collectible Cards, in the state of Virginia? (one-time sale of cards older than a year, not a businessman). Additionally, how does this ...
1
vote
0answers
41 views
Does Canada have regulations regarding “shorting against the box”?
If you hold a long position in a stock and believe it will go down but don't want to realize any gains, you can a open short position in that same stock to hedge against any drops in the price. This ...
3
votes
3answers
528 views
How do I carry over capital loss to the next year?
I understand it can be done... I don't need to know that.
...But I don't understand the mechanism used to track and carry over the capital losses for future years...
I am entering my stock trades into ...
1
vote
1answer
44 views
Can you buy back the property you sold for a 1031 exchange
I am trying to get creative in order to make something work...
I have 4 mortgages right now. I want to add a 5th, but it would be a jumbo loan. My lender informed me that adding a jumbo loan cannot be ...
1
vote
1answer
37 views
Received 1099B for unvested RSU after leaving company
I left a job in 2019 where I was granted some RSUs that were to be vested first time in 2020. But I never received the RSUs since I left the company before the first vesting.
Today I received a 1099-B ...
0
votes
1answer
51 views
Why isn't my capital loss carryover reducing my tax from short-term capital gains?
I am using Turbo Tax for these calculations. Before entering my investment info/capital gains, I had a federal refund of $272. After entering my capital gains and investment info, I owed $1900, for a ...
1
vote
1answer
49 views
How to calculate tax on crypto currencies
Suppose I buy some bitcoin for $100. Some time later, it is worth $200. I sell half of it for $100. Do I have to pay tax?
On one hand, "on paper" I gained $50, since the half that I sold was ...
0
votes
1answer
33 views
Expense of precious metal ETFs and tax implications
I am trying to understand how precious metal ETFs actually collect their fees. I know that for a stock ETF, expenses are collected by charging the shareholder's brokerage account a cash amount on a ...
1
vote
1answer
53 views
How do Federal and State Capital gains tax offset one another or stack?
I want to know how capital gains taxation works to understand better about taxes.
To make it very simple lets say that Federal capital gains tax rate is 20% and state capital gains tax rate is 10%. ...
0
votes
1answer
79 views
how can capital losses carryover used be more than $3000? (in US income taxes)
This is regarding short-term capital gains (actually losses) carried over from past years. I have a capital loss carryover of about $4800 from 2019. I had a gain of about $12k in 2020. I thought the ...
1
vote
0answers
20 views
non resident of Canada , taxes due on sale of shares in Canada
I am a resident of a EU country with a double tax treaty with Canada. I pay dividends at source on shares I own in a Canadian bank. What happens when I sell the shares, am I taxed on any gains in ...
8
votes
1answer
4k views
What is the likelihood I get in trouble for forgetting to file cryptocurrency taxes? What should I do?
PayPal had a promotion without fees a long time ago, they also did it December 2020 and I just sold crypto again through paypal. This time they mentioned some sort of tax form, which somehow I was ...
0
votes
1answer
115 views
Why are U.S. capital gains taxed at different rates? [closed]
I am wondering, what is the purpose of dividing capital gains into long-term and short-term, and then tax them at different rates? Is it to incentivize long-term investments?
It seems counter-...
2
votes
0answers
53 views
Uk Tax year and limited companies
I want to open a uk private limited company but wondered if there are any advantages to wait a month so it will be registered in the new tax year.
I know the financials have to be submitted 12 after ...
1
vote
1answer
44 views
How to compute unit average cost after capital gain distributions?
My question is about how and why the average cost of a stock is re-computed after the capital gain distributions of the corresponding fund. I'll give the actual example that confuses me to ground the ...
1
vote
2answers
95 views
Is it possible to have an individual brokerage account where taxes are paid on portfolio, not individual positions?
Suppose I have an individual brokerage account with a number of positions. As far as I found, the taxation takes place per position, i.e. I can be forced to pay tax even if the portfolio loses money.
...
0
votes
1answer
76 views
Will the stock holding period change from long term to short term when I add more shares into the stock?
After searching the internet,I found no answer. For example, in USA, I purchased 100 shares of Apple stock two years ago and then purchased another 100 shares last month, will my holding period start ...
1
vote
0answers
55 views
Will I pay capital gain tax if I sell a part of my invest which I accumulated by Dollar Cost Averaging over long time?
I am an investor in New Zealand. Generally in NZ, there is no tax over a capital gain if the investment is done for the intent of a long-term time horizon (12 months or more). I use dollar-cost-...
1
vote
2answers
97 views
Capital Gains on same stock but two different accounts
I have two different personal accounts. One on Robinhood and one with Webull. I have many shares of a stock in Robinhood that I am trying to hold for a year or more before I sell. At the same ...
1
vote
0answers
61 views
Can I transfer stocks from a margin account to a TFSA to avoid capital gains tax?
I am new to trading and ended up opening a margin account rather than a TFSA a few months ago. I know I can sell my stock and then buy it again in the TFSA, but the stock price has gone up and I am ...
1
vote
1answer
45 views
How to determine if my capital gains were long or short term if I only sold a fraction of my shares?
The following is my scenario:
I purchased 100 shares of stock A in November 2019, and 50 more shares of the same stock in November 2020. I sold 70 shares of stock A in December 2020 from which I made ...
1
vote
1answer
31 views
LLC Assets Short-Term/Long-Term
Suppose I am the sole owner of a Wyoming LLC. I own some property or stock which has an unrealized gain and which I have held for over 1 year and deposit this into the LLC.
Now let's say 3 months ...
1
vote
0answers
114 views
PA SCHEDULE B - Part Year Resident - Line 10 Capital Gains Distributions
I was a part year resident in PA for tax year 2020. On line 10 of the PA Schedule B form the instructions are telling me to enter the capital gains from my federal Schedule D. But, unlike in the ...
3
votes
1answer
91 views
Using capital gains to start a business?
Lets say I make 100k profit in selling some stocks. Can I use that 100k to start a Business without paying Capitol gains? The Business would be used to buy and sell properties. Maybe a bar.
2
votes
0answers
38 views
Do Vietnamese F-1 students have a reduced capital gains tax in the US?
From what I know, F-1 students that need to pay capital gains tax in the US have a flat rate of 30%, "unless a tax treaty allows for a reduced rate" (according to the IRS). My question is, &...
1
vote
2answers
230 views
Need help with wash sale loss disallowed
Just received 1099 for 2020. My wash sale loss disallowed is $47,000 & my net loss is -$770. I just want to know how much tax I'll need to pay approximately.
I recently learned what the wash sale ...
1
vote
1answer
67 views
Canada - Can I make an in-kind transfer to avoid paying capital gains?
I am planning on paying my girlfriend back 18K, which she plans on putting in her RRSP. Rather than sell funds that are in my non-registered investment account (which would cause me to pay capital ...
0
votes
0answers
27 views
Is Capital Gains Tax due from inheritance from sale of a home in VA
I inherited a home in a trust in which I was a trustee. I sold the house, do I need to pay capital gains on this inheritance or any other tax?
0
votes
2answers
79 views
I transfered gains from my broker to my bank. Will this necessarily trigger a tax event?
I transferred XX amount of money in 2020 from my bank to my broker. I did well in the market, and doubled it to 2 * XX in early 2021. At this point, I transferred half of that money, XX (the original ...
