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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Capital Gains Tax on Foreign Property

I bought an overseas property 5 years ago at £100,000. I became a UK resident on 1/1/2020. I sold the overseas property on 31/3/2020 for £300,000. The valuation of the said property on 31/12/2019 (a ...
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Capital Gains Tax when moving to a no tax state

I am moving from CA to WA in 2021 March. I have lived in CA for 5 years and accumulated almost $300K in long term capital gains. Should I wait to sell them after I move to WA? Will that help me avoid ...
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154 views

Can you short a stock that you are long on?

Pretty straightforward. I am up quite high on a certain stock that I believe is going to fall in the short term but continue to rise in the longer term. I would still like to attempt to make some ...
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does capital gain tax apply to taxes on tender offer?

Based on my limited understanding of short-term and long-term capital gain taxes in the US, when should I tender my shares? If I purchase shares of company X on 1/1/2020 and company Y announces an ...
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Tax treatment of put option calendar spread when each legs is closed in different tax years?

Let's assume that in October 2020 I have opened put option calendar spread position. I close one leg of this position in December 2020 at loss and then I close the other leg in January 2020 at profit. ...
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Selling short call against a long call (a LEAP) when the long call is already in profits. Is it Constructive Sale?

Let's take these hypothetical trades On 08/01/2020: Bought AAPL Jan-2022 100C at $30 (Long call) On 08/30/2020: Sold AAPL Jan-2022 110C at $50 (Short Call). By this date, 08/30/2020, before my short ...
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When to pay taxes on sold stocks or options?

I am a newbie to stock and options trading. I trade on Robinhood (I guess the tax system should be same regardless the platform). It would be great to have answers on these questions. Thanks in ...
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Is there any reason to invest in stocks, ETFs, etc. outside of a tax-advantaged account?

If you have a tax-advantaged account like a Roth IRA, why would you want to invest in stocks in a non tax-advantaged account like say Robinhood, or E-Trade, etc.? Would the tax-advantaged account be ...
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How many years do I need to own a house until I don't have to pay capital gains taxes?

I've owned my home for 1.5 years and it has been my primary residence. I decided to move, and want to sell, however, I'm unsure if I have to pay capital gains. When searching the internet I find ...
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Wash sale rule applied to quarterly estimated taxes?

I'm looking to pay estimated quarterly taxes. Do wash-sale rules apply to quarterly estimated tax payments (June 1st – August 31st with a due date of September 15th for this past period), or do they ...
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Is federal tax on sale of home exactly 20% cap gains after 500k exclusion?

house net income: $2,144,000 (primary residence, sold Aug2020) basis: $888,xxx (bought in 1998) = net profit of $1,256,xxx less 500k IRS exclusion = $756,xxx long term cap gain rate 20% so, Fed ...
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How much do i owe the IRS on Sept 15th for income received in September?

Sold a house at end of August. Cap gains of about $240k to $375k (federal + California) income tax will be due. How much should I pay Sept 15th, 2020?
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Property, income and capital gain taxes for buyer when home bought under “option to buy” contract?

Seller messed up advertising on house and needs few more months to bring few things up to code before he can sell. Hence as alternative solution seller is offering to rent out home to prospective ...
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If my RSUs are set to be sell-to-cover, are the ones sold the ones of the current grant or the oldest shares I have?

Do RSU sell to cover come out of the oldest shares you own like traditional stock sales? Say I buy 100 shares of my company Foo, Inc. as of Jan 1, 2020. If on Jan 1, 2021 I could sell and pay long ...
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Foreign capital gains tax on RNOR

I am likely to be an "Indian resident not ordinarily resident" for fiscal year 2020-21. Are my foreign capital gains taxable? Section 5 of the income tax act (1961) states the following. ...
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Capital gains tax in New Zealand on foreign shares

What is the capital gains tax in New Zealand on foreign shares?
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Inheritance Tax example

Mr and Mrs A sold their house in 2013 for 1.5 million . They have 2 children. They bought a new home in 2013 and decided to allocate capital to their two children Date Child 1 Child 2 2013 200k ...
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How not to pay taxes on covered call

I bought 100 shares of ESPO four months ago for $50 and sold a September 18 $62 covered call at Robinhood. With the stock trading at $61.50, I think that it's likely that I will be assigned. I will ...
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Do non-resident aliens pay taxes on foreign investments?

I've been in the US with a J1 visa for one year now (non-resident alien for tax purposes) and expect to stay here for two more years. IRS website says that only US-source income is taxable for ...
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Tax implications on money transfers from India to the US

I am a NRI holding US Citizenship. I would like to repatriate INR (India) to USD from my NRO account from the proceeds of a property sale. I have paid all the taxes for the capital gains in India. I ...
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129 views

Wash sale regarding “one bite of the apple” rule

following is a wash sale example I am confused about(all trades are on the same stock): Day 1: Buy 100 shares at $110 Day 2: Sell 100 shares at $100 Day 3: Buy 200 shares at $95 Day 4: Sell 100 ...
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What are the tax implications of an American buying shares in a UK company?

I'm interested in investing in a UK based company that does not have shares on an American exchange. I had asked a question about if that was possible over here and since the answer was yes, I started ...
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How can I find resources on intelligent ways to preserve wealth on large stock gains and pay minimal taxes? [closed]

I am unable to easily find resources on smart trades to help preserve wealth. Are there good resources to find historical accounts of people making smart moves to avoid taxes or increase wealth by ...
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need tips on how to reduce capital gains of primary residence sold for $2.2M this month in California

What all can we do to reduce the long term Fed & Calif cap gains tax on our primary residence for 21 years? All we can think of is: depreciation and expense of original landscaping. DETAILS... ...
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Which lots have to be sold in a wash sale?

Here's the scenario: I have multiple wash sales with the same company. Let's use Apple as an example where I'm day-trading in and out of Apple. The price continues dropping and I keep buying back at ...
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Do non-resident aliens pay taxes on stock market gains?

I am a student in the US with a F1 visa and live in the US too, but considered non-resident alien for tax purposes. If I invest my savings in the stock market, should I pay taxes on the gains? It is ...
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Short- vs. Long-term gains - buy/sell w/in 1 year

For mutual fund shares - An individual investor has bought shares of a fund over time, including in previous years and within the last year. If selling, can they use specific-ID cost basis to sell the ...
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How is capital gains from sale of listed bonds taxed in India?

Bonds in question: INE092T08CD4 IDFC FIRST BANK LIMITED TRANCHE-1 SR-II NCD 12NV20 FVRS5000 An Indian resident purchased these bonds in fy2010 and sold them in fy2019 - a year before maturity - and ...
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Two year rule for excluding long term capital gains from the sale of my primary residence

I have two homes I live in equally. I travel between the two weekly. I spend 3 nights in one and 4 nights in the other and then flip that. Sometimes I stay a week to ten days in either of them at a ...
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Benefits of being paid as corporation - USA

I see a lot of articles describing how many corporations (notably Amazon) pay minimal/zero tax. What prevents me from having my employer pay my salary to a corporation I set up and having the corp use ...
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US: How do offshore bank accounts help?

How does having an offshore bank account help? From my (limited) understanding, the U.S. taxes on all income worldwide, so placing money offshore would still be taxed normally. Why, then, do high net ...
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Do i have to pay capital gains tax if i sell ESPP stock from ESPP account and bought same stock from individual broker account

Do i have to pay capital gains tax if i sell ESPP stock from ESPP account and bought same stock from individual broker account? Here is an example: I have 100 shares of ESPP stock allocated at 50$ in ...
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Which professionals should I work with for a 1031 exchange?

I know what a 1031 exchange is, and it's complex enough to know that I need help with it. The problem is I'm not sure who I need help from. My property I'm selling is about to start escrow and my ...
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Wash sale deductible?

Day 1: I purchase Stock A. Day 5: I purchase more Stock A. Day 18: I sell 1/2 of total investment for a loss. I don't repurchase same or similar stock. Is this loss deductible, to be netted with ...
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Selling winner stocks during year of realized net loss: a good idea?

I am young and in a low income bracket. Due to the current economic climate, I've realized a large amount of losses and also have an atypically large unrealized gain. I could sell (and re-buy) either ...
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AMT ISO deferrals for nonimmigrant. Sold shares after leaving US

I lived in the US from 2013 and 2016 on an E-3 nonimmigrant visa. As part of my full-time employment contract, I was granted ISO shares in a pre-IPO company. I exercised most of the vested shares in ...
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Capital gains question

Please help me figure out capital gains. Let's say that I bought 10 shares at $100/share with a cost basis of $1,000 and when it went up to $200/share after 3 months, I sold it for $2,000. Now I have ...
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375 views

Am I in trouble if in my taxes I didn't declare that I sold 1 bitcoin and immediately bought it back losing a little money?

I am a US resident and (a few years back while I was living in Europe) I bought 1 BTC for about 6,000 €. For the first time this year, I filed my 2019 taxes in the US and I used TurboTax. I asked ...
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UK Capital gains tax

If I invest £100,000 in the stock market, and assume, for the sake of argument, they rise in price 100% in a year. I then sell £24,600 worth in the subsequent year. I haven't used any of my UK capital ...
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How will Options on Micro E-mini S&P 500 futures be taxed in the US?

CME is going to publish a new contract: Options on Micro E-mini S&P 500 Future in Aug 31, 2020. I was wondering how will it be taxed? There's already discussion like Are futures options eligible ...
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Selecting lots when rebalancing

I'm about to rebalance my portfolio of ETFs. For the selling part, I have several lots to choose from, and I'm not sure if it matters much which one I pick. All lots have long term capital gains. ...
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How can I manually delete or regenerate California Schedule D (540) in TurboTax?

How can I manually delete or regenerate California Schedule D (540) in TurboTax? I'd prefer not to have to start over the California tax section in TurboTax. Motivation (TL;DR: incorrect cost basis ...
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Taxation on LLC capital gains

If I formed an LLC with private investors and had short-term capital gains then, Are the capital gains taxed on the amount excluding the dividends/profits paid to investors? Will the investors have ...
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143 views

How is the profit of a sale of stock calculated for taxes if the initial investment amount is divested, and the profit remains invested

I hope the title is accurate/descriptive. Open to suggestions edits if something makes more sense after reading. The best way I can describe this is with a scenario. So: $5,000 is invested in stock A ...
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Capital gains and unable to claim it as my primary residence because I have to work from overseas

Is there a way for a partial exclusion in this situation: I left the US in 2016 to work from Istanbul, and still no end in sight as to how long I will be here. I have to sell the property (the only ...
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Delay in submitting W-8 BEN

I left the USA on 1/31/2019 for India, and have been in India ever since. According to 1040 NR instructions on page 10 (dual status tax payers), I could be argued as being a non-resident for 2019 ...
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1040 NR Capital gains Line 14

As a non-resident alien, I was told that I do not have to pay capital gains tax in the USA. Why then is there line 14 for reporting capital gains in 1040NR?
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Long term capital gains tax on equities in India

Which of the following is applicable to long term capital gains on Indian stocks and on foreign stocks? a) Long-term capital gains are subject to tax at 20%; b) Long-term capital gains arising from ...
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25 views

Short term capital gains tax on equities in India

I read that the short term capital gains tax in India is 15% if there is securities transaction tax, and if there is not, short term capital gains is taxed as ordinary income. I have the following two ...
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Net short term capital gain in India [duplicate]

Suppose I have two securities A and B in India. I sell A at a profit of 100 INR, and B at a loss of 90 INR. Both transactions are short-term. So my net gain is 10 INR. But I buy B immediately ...

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