Questions tagged [capital-gains-tax]
Questions related to the tax liability from the appreciation of assets, e.g. stocks, mutual funds, real estate.
438
questions
0
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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 ...
2
votes
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 ...
0
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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 ...
3
votes
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 ...
1
vote
0answers
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....
3
votes
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 ...
0
votes
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 ...
3
votes
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 ...
1
vote
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 ...
1
vote
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/...
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
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 ...
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
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 ...
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
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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 ...
1
vote
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 ...
2
votes
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 ...
2
votes
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 ...
1
vote
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:
...
0
votes
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 ...
1
vote
0answers
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?
2
votes
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 ...
1
vote
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 ...
0
votes
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. ...
3
votes
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 ...
1
vote
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 ...
2
votes
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 ...
0
votes
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 ...
46
votes
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 ( > $100,000) and delivered via wire transfer into ...
2
votes
1answer
113 views
Tax consequences of transferring securities to non-spouse family member (US to US)
What are the tax implications of transferring stock between two family members who both live and work in the US? Family members in this specific case are parent->son/daughter and both adults don’t ...
2
votes
1answer
52 views
Rental Property 1031 Exchange & Boot
Is a mortgage "boot" still considered a recognized gain even if the debt, LTV (loan to value) and purchase price have all increased or remained the same in the exchange?
Note: If you aren't familiar ...
0
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0answers
29 views
Capital loss treatment for non resident aliens
Can non resident aliens (someone who does not pass the substantial presence test) claim the 3000$ deduction against income if there is no sufficient capital loss? Also can any excess capital loss be ...
1
vote
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 ...
1
vote
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 ...
2
votes
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 ...
1
vote
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 ...
0
votes
0answers
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 ...
12
votes
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 ...
4
votes
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 ...
2
votes
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 ...
1
vote
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 ...
0
votes
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 ...
3
votes
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 ...
5
votes
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 ...
3
votes
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 ...
0
votes
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?
4
votes
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 ...
1
vote
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 ...
1
vote
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 ...
