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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55 views

How to avoid taxes when a stock you own is taken over in a cash deal?

I own shares of company A in a personal, non-tax advantaged account. Company A is being acquired by company B at a premium in an all cash deal, but I'd like to avoid the taxes associated with selling ...
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46 views

Switching from manual cryptocurrency tax calculations to cryptocurrency tax software [closed]

I've been doing my crypto taxes manually via spreadsheets etc then entering the transaction with their cost basis in TurboTax. I trade on three exchanges (Coinbase Pro + Kraken + Robinhood) and ...
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If I change tax residence from country A to country B, how is the tax calculated for assets bought while resident in country A and sold in country B? [closed]

I have a question regarding taxing capital gains on stocks and ETFs. If I change tax residence from country A to country B, how is the tax calculated for assets bought while resident in country A and ...
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UK capital gains tax for international student moving between countries

I am an international student who moved to the UK on 01/10/2018 and stayed there till 31/12/2020. I then moved to my home country of Singapore which has no capital gains tax on 31/12/2020 and will ...
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2answers
175 views

How much do I have to pay tax for selling stock?

Say for example I am Bill Gates and I have $10 Billion in my bank account. Then I decide to buy Tesla stock, at a current price of $1,000 per share. Then, after 2 or more years, the share price is ...
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Is there anything you can do if you accidentally sold stock shares for a gain (when trying to take a loss)? [duplicate]

While trying to sell for an end-of-year loss, if you accidentally oversell a position, resulting in some shares selling for a gain, is there anything you can do except pay the taxes on those gains? ...
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1answer
52 views

Has anything changed since 2019 regarding selling shares within 30 days of purchase being deductible for tax purposes?

The upvoted answers to this questions, if correct, indicate that, under US law, if one buys and sells an equity within 30 days for a loss, and does not repurchase anything substantially identical ...
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2answers
112 views

How does getting a mortgage help with taxes? [closed]

If one opts to buy a home with a mortgage, how does it reduce taxes and which taxes? I.e. income tax, capital gains? Is it always a good idea to purchase a home with a mortgage vs. paying in cash with ...
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210 views

Do I need to sell stock to effectively use the German Sparer-Pauschbetrag (and if so, how much)?

In Germany, 801 Euros are exempt from the capital gains tax ("Sparer-Pauschbetrag"). There is a small tax on unrealized gains ("Vorabpauschale") but it is afaik negligible right ...
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2answers
499 views

If you sell stocks within a 401k but don't pull the money out of your account, is it taxed?

If I have say a 401k account, and say I sell some of my stocks in there, but I don't pull the money out of my account, is the only tax involved the capital gains tax? Or will I pay my income tax on it ...
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114 views

Do I need to sell all stocks before new year in order to claim money lost in stocks? [closed]

For example, I made $1000 dollars in stock market on the first half year. I sold $500 worth of stock. So I have $500 still in the market and $500 in cash. Then I bought $4000 new stocks in the 2nd ...
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233 views

Sold Calif. house for more than we paid, but moved to more expensive Calif. house. Do we owe tax?

Bought house [A] in May 2019 for $590k. In 2021, bought house [B] for $915k in July and sold house [A] for $754k in Dec. Moved from A to B july/aug 2021. UPDATED 1/15/2022... Both houses were our ...
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How much taxes do resident and non-resident aliens need to pay for selling stocks they bought before they arrived to the US?

I'm not sure if resident and non-resident aliens need to pay taxes for selling stocks they bought before coming to the US. Meaning, the alien bought those stocks before coming to the US, and then sold ...
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51 views

Tax liability when selling crypto received as a gift

I am a US citizen currently living in the US and my father who isn’t a US citizen and lives abroad plans to send me crypto as a gift. We are exploring stable coins such as USDT and USDC. From my ...
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1answer
85 views

Clarification of income tax rules for farm staking rewards (UK)

In the UK we have to pay Income Tax on crypto farm staking rewards. I'm unsure as to at which point I'm legally obliged to pay income tax on staking rewards. Is it: As the rewards clock up on my DeFi ...
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1answer
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Does a resident alien need to pay taxes for cashing out crypto gained before moving to the US?

Let's assume that an alien who's never been to the US before moves there and becomes a resident alien for that financial year due to fulfilling their substantial presence. The alien owns crypto funds ...
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2answers
272 views

Capital gains tax on car trade in with appreciated value?

For US tax resident If car is traded in for a higher value car and the trade in value of the car is higher than the purchase price of the car, considering long term (>1yr)? Will there be any ...
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1answer
64 views

Beginner capital gain tax on shares in Australia

I am thinking about depositing some of my money (500-800 AUD) into eToro and buy some shares, just for building good money habits. But I am unfamiliar with the tax implications that I have to face (if ...
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1answer
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Create LLC to invest and make big purchases?

If I want to do the following: Make a few big purchases (laptops, cars, etc) Invest in public and private equities, cryptocurrency, NFTs Will a vehicle (e.g. LLC) be useful to accomplish all of ...
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1answer
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When are premiums received for selling covered calls/naked puts realized?

For example, if I were to buy 100 shares in APPL today and sell a covered call option with an expiration year of 2022, would the premium that I receive be realized upon sale or when the option expires ...
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2answers
256 views

Is there no tax free way to shelter your savings from depreciation due to inflation like converting to any other unaffected foreign currency?

As I understand it, currency appreciation is treated as taxable income. However, if the currency you've converted to or any other currency you convert to isn't really appreciating at all and instead ...
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Deposit stocks into LLC

Does depositing stocks into a single member LLC incur a capital gain? The stocks will not be sold. I have searched for this but cannot find an answer.
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Managing Income to Facilitate Taking Tax-free Capital Gains

Regarding Capital Gains Tax in U.S.: I am retired, and my only income is what I think is called "passive", e.g. RMDs, dividends, interest, and realized capital gains. My understanding is ...
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Is US capital gains tax progressive?

As has been answered on many questions, people pay 0% capital gains if their taxable income is below $40,000, 15% capital gains tax if between $40,000 and $441,450 and 20% if over $441,450. My ...
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Long-Term Capital Gains Tax Rate on or after Sept. 13, 2021 - Biden Plan

Under the Biden proposal the maximum capital gains are taxed would increase, from 20% to 25%. The new rate would be effective for sales that occur on or after Sept. 13, 2021. But do the proposals ...
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186 views

When is it ok to switch from a FIFO cost basis to LIFO?

I live in the US and use a service to calculate my cryptocurrency capital gains taxes. I have previously always left it on the default FIFO calculation. But this time I was curious and made it ...
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1answer
61 views

UK Capital Gains Tax Increase

With rumours circulating about the UK CGT tax rates being brought inline with income tax I was wondering if; Would the rate increase only take place from a future tax year e.g. 2022/23 onwards? Or, ...
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3answers
196 views

Is it generally advantageous to offset capital gains with losses?

Related to these two questions. My question is, if I have $1000 in short-term capital gains and, for the sake of simplicity, say I would have to pay a 20% capital gains tax - $200. Is there any reason ...
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1answer
197 views

Does a non-US-citizen leaving US and returning to Australia avoid capital gains tax?

I am an Australian citizen who has lived in the United States for over 10 years on work visas, filing with the IRS and paying taxes. During that time I purchased shares in a US company, and those ...
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Do we get the "deferred tax" property like an IRA or 401(k), when we buy a mutual fund?

Although mutual funds (in USA) tend to move their position very slowly, but after 10 years or 20 years, that'd be more. For example, if we buy a mutual fund in year 2000, and they invested in ...
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157 views

Tax loss-harvesting with Crypto

There are headlines floating around about enforcing wash sale rules for crypto capital gains and losses, this prompted me to look into tax loss-harvesting, and it turns out I don't understand it at ...
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Stepped-up Basis with a Revocable Living Trust

Scenario is this: son was trustee and invested extra savings in cryptocurrencies while father was alive and not able to make his own decisions. A few additional cryptocurrencies were purchased after ...
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2answers
122 views

Why [qualified] dividends are taxed differently from current income?

I am wondering what was the motivation to decouple taxation (USA) of short-term gains/income from dividends in 2003. Before 2003, dividends were mostly taxed as current income, at a significantly ...
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1answer
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Is the cash from a buy out of mutually owned property taxable? Does capital gains apply? [closed]

My ex boyfriend (of 6 years) and I co-owned a property we bought less than two years ago. Upon our split... We agreed that I would refinance the property, and buy him out (approx 150, 000)-removing ...
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115 views

Brokerage Account and Non-Domiciled Status in UK

I have recently moved to the UK and want to move my IBKR Ireland account that was linked to my previous French residence status. The UK allows those with non-UK domicile to keep their worldwide income ...
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1answer
96 views

Significant Capital Gain -- how to pay quarterly estimate taxes correctly?

My understanding is if you are expecting to owe more than 2k in taxes you are supposed to pay quarterly estimate taxes. If you don't you might pay a penalty interest rate on the taxes owed to the IRS (...
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How is long-term vs short-term capital gains calculated for USA resident aliens?

Let's say I am a foreigner who bought $1,000,000 worth of Microsoft in 2010. I have just arrived in the USA on May/01/2021 and after 6 months pass the substantial presence test and qualify as a ...
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1answer
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Do I need to file a tax return if my only income was from dividends and I am a foreigner?

I am not a US person for tax purposes. I do however own stocks in the US and therefore am subject to a dividend tax rate of 30% (1). If the total amount of my dividends (my total taxable income) was ...
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1answer
136 views

if my capital gain is less than 801 euros per year, then do I have to file any taxes?

In Germany, there is what is called a capital gains allowence of 801 Euro per year, so if I make less than 801 in profit by selling a share, etc. or getting dividends, then I don't have to pay any ...
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Canadian tax on capital gain multiple round of investment in the same company

My question is similar to this one (How to calculate capital gains on multiple trades of the same stock?), but lets say I have two objective with my investment. One short term, the other one long term....
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1answer
250 views

No need to pay tax on long term capital gains under 40K?

In the long term capital gains tax brackets, I saw that the tax rate is zero percent for Singles up to 40K. So if I am single, and have capital gains under 40K, then I don't need to pay any taxes on ...
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3answers
1k views

UK capital gains tax when I give asset to partner

I'm in the UK. My partner and I aren't married, and we live in separate houses. I'm in the higher tax bracket and he's in the normal bracket. I have a bunch of cryptocurrency, and I'd like to use it ...
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1answer
65 views

Slice and Dice vs Total market ETFs. How should I proceed from here

Currently, I have about $330k invested in ETFs. When I started investing I knew about lazy portfolios constructed using total market index funds like 3 fund or 4 fund portfolios. For whatever reason, ...
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1answer
70 views

How does capital gains tax work on a year when you move from one state to another?

I recently moved across the country (about 3 months ago) and was wondering if I am able to sell any of my equity without a huge tax penalty. I definitely acquired the stocks long before I moved (more ...
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Can I make use of my wife's Capital Gains Tax Allowance for gains under an EMI Share Option scheme?

My employer has granted me a number of share options under an EMI scheme. They also partnered with their brokers to allow us to exercise these options without needing to put up-front capital in to ...
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3answers
8k views

If my account only sells crypto, will I get taxed?

Will I get taxed if I do this? Purchase $1000 USDT on Binance Transfer to a crypto exchange outside the U.S., or transfer to a wallet address and use decentralized exchange. Buy bitcoin, earned $1000,...
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689 views

For mutual funds, can you pay capital gains taxes even if you sustain a loss (as this article implies?)

https://www.businessinsider.com/uit-unit-investment-trust says: UITs come with much lower expense ratios and also come with favorable tax terms. Because of the way capital gains taxes are structured, ...
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112 views

Can capital gains be offset with transaction fees?

If you make a 2.5% capital gain on Dogecoin, but then pay that same amount in transaction fees, do you still have to pay capital gains tax? Or can the capital gains be offset with the loss incurred ...
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6answers
4k views

Liquidate assets to buy house or mortgage?

My SO and I are planning on buy a house for about $900k. We have $200k in cash, and I'm considering selling several of my mutual funds (non-retirement) to finance the difference. These are funds that ...
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2answers
7k views

How do I avoid paying tax on a cryptocurrency gain that I have already lost?

I'm not sure if this question belongs here, but I'm super confused about how cryptocurrencies get taxed. I invested $10,000 at the end of 2020. I made about 30 or so short-term trades in 2021 and sold ...

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