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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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Does it matter where I'm buying stocks, or only where I'm selling them? (from tax perspective)

I'm a Polish citizen but I live in Thailand since a few years, and currently I have tax residency only in Thailand. I've been buying some S&P 500 stocks here on an international stock exchange, ...
1 vote
0 answers
22 views

Tax on capital gains vs franked dividends in Australia

Consider two stocks "CG" and "DIV" that perform equally well, but the difference is: "CG" pays no dividends and all its performance comes from it raising its ticker ...
3 votes
2 answers
2k views

Are long-term capital gains considered for ACA subsidy calculation, even if they are taxed with 0%?

If your total income is below a certain limit, long-term capital gains are taxed with 0% (again, up to a certain limit). If you stay below both limits, you are paying zero tax for the year; but - ...
-1 votes
2 answers
68 views

Tax implications re: execution of stop-loss orders and buying back into the same asset

I am curious about tax implications and any law/rule regarding the execution of a stop-loss order (realizing a gain), and then deciding to buy back into that same asset in a short period. For instance,...
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Suspended loss on 2 properties offset ira distribution income when 1 property is sold

I have two rental properties and will be selling one this year. Property A has suspended loss of $120,000 and Property B $100,000. When I sell property A this year, I can write off $220,000 against ...
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2 answers
154 views

Why would people invest in T-Bills over an extended period of time, when more tax-efficient options like BOXX exist?

Assuming a retail investor holds/rolls T-Bills for years, is there any reason for a retail investor to buy T-Bills directly when tax-efficient ETFs like BOXX exist (that provide the same return as T-...
2 votes
2 answers
425 views

With zero earnings aside from long term capital gains, when would AMT and/or NIIT kick in?

Lets say I have absolutely no job/income/dividends/etc except for some long term capital gains, not related to stock options. Lets just say a standard purchase-low then sell-high of some stock. ...
0 votes
1 answer
32 views

Receiving Freelance Payments as an NRI: NRE vs. NRO Account

As an NRI residing in Singapore, I completed freelance work for an acquaintance in India. Now, I'm seeking advice on the most suitable method to receive payment: Should I use an NRE or NRO account in ...
5 votes
2 answers
398 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
0 answers
29 views

In which direction should a Return of Capital (ROC) affect the Adjusted Cost Base? (Canada, CRA)

I'm trying to accurately track my Adjusted Cost Base for a few different mutual funds, and one of these funds has reported a negative amount for box 42 of the T3. -- this cell reports the Return of ...
6 votes
1 answer
229 views

How do I calculate Private Residence Relief for a house I've sold where there was a loss, not a gain?

This question is likely specific to UK rules. I've sold a flat which I lived in for part of the time I owned it. I'm trying to fill out the Inland Revenue's 'report my Capital Gains Tax' form. I've ...
1 vote
1 answer
91 views

Calculation of taxes on sale of shares where company spins off a business in separate entity

I invested in Motherson Sumi Systems Limited from 2017 to 2021. There were no new investment made after that. During last few years the company spun off the its wiring business into another entity ...
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1 answer
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Should I enter the non-adjusted cost basis or the adjusted cost basis in Box 1e in Form 1099‑B in TurboTax for ESPP (Employee Stock Purchase Plan)?

I'm filing my taxes in the US since I reside in WA state and I'm being asked by TurboTax to enter "Box 1e - Cost or other basis Learn more" for some Employee Stock Purchase Plan (ESPP) ...
2 votes
1 answer
502 views

How to file and pay income tax for ITR2 in India? What is the order?

I have following incomes Salary Interest income from fixed deposits Short term capital gains from sale of equity stocks Long term capital gains from sale of debt mutual fund Searching for it leads ...
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3 answers
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Better to fully liquidate and then reallocate position (partially back into same asset) if earlier holdings cost basis lower?

Say I have $1,000 in stock X and I'd like to rotate $500 into stock Y. If cost basis for earlier shares are lower (and taxes are assessed via first in, first out for sales), selling $500 of stock X to ...
1 vote
1 answer
233 views

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 ...
2 votes
1 answer
181 views

In the US, which shares should I sell if I want to keep the most compounding effect?

This is for the US. I have been doing DCA: Dollar Cost Averaging, so I have been buying Apple and Google (and some Amazon, QQQ, S&P500 ETF) regularly, perhaps $100 per day, in my regular personal ...
3 votes
2 answers
1k views

How is holding time calculated for long-term capital gains tax?

Say I have an account with the following buying history: Date Symbol Price Quantity 01/01/2023 AAPL $300 3 shares 01/01/2022 AAPL $100 1 shares 01/01/2021 AAPL $100 1 shares If I were trying to ...
0 votes
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29 views

Tax Calculation for Liquidity Pool Transactions: Cost Basis Method and Procedures

I've been encountering difficulties in calculating taxes on transactions related to liquidity pools. Despite using Coinledger, I've found it doesn't support multiple transactions within a liquidity ...
1 vote
2 answers
237 views

Is there a future tax benefit to selling RSUs in order to exercise-and-hold the stock options?

I have RSUs and in-the-money stock options granted by my company, both vested. I've held the RSUs for over a year, so I understand that when selling, I would pay long-term capital gains tax on the ...
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1 answer
129 views

Gifting Shares of a Mutual Fund - Tax Considerations

Let's say U.S. tax resident bought one share of a mutual fund back in 2010 for $100, and it is worth $200 today. A) If they wanted to gift that share to family today, would they be liable for any gift ...
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Stocks Capital gains and losses [duplicate]

My question is about capital gains and offsetting them with losses. All my gains and losses are short term. I do not invest for the long term I understand how this works for 1 calendar year. For ...
3 votes
2 answers
90 views

capital gains liability of holdings "transferred" out of ISA?

I have an ISA with Freetrade. I bought shares of Arrival between 2021 and 2022. Arrival has been delisted. Freetrade has notified me: Further to our previous notification, this stock fails to meet ...
0 votes
1 answer
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Is it a Wash Sale from a Capital Gains Perspective if I was to sell Nasdaq ETF and buy Nasdaq 100 ETF?

If I was to sell 100 units of ONEQ and use the proceeds to buy NDX, would I have any tax liability on the capital gains from a first sale or would it be considered a wash?
5 votes
1 answer
961 views

What investments for US expats don't trigger taxes on unrealized gains

As is well known, if you are a US citizen but don't live (or even never have lived) in the US, investing is complicated. Most investment capital gains are taxed in both countries. Even worse, if you ...
1 vote
1 answer
98 views

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 ...
2 votes
1 answer
573 views

Do charitable deductions apply to long term capital gains, or only ordinary income?

Let's say I have an income of $100k and long term capital gains of $500k. If I make a charitable donation of $200k cash, will that first reduce my ordinary income by $100k and then my LTCG by $100k, ...
1 vote
1 answer
51 views

Costs deductible for vacation home built remotely with a builder

I built a vacation home with a builder and sold it two years after completion. My main home is in Texas, the second home was built in Arizona. Costs for construction of the home and costs for ...
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Assuming a bullish stock, any advantage in using LT RSUs to fund exercise cost of ISOs?

Example Present Information: Example Dummy Stock: GGG | Stock Price @ $10 Super bullish and so assume the value of the stock price will go up. ISOs: 10,000 with SP @ $5.00 (All vested, just not ...
0 votes
1 answer
2k views

Understanding the taxes on covered call ETFs (e.g., QYLD, RYLD and XYLD) whose dividend payments count as ROC: short-term or long-term capital gain?

As a US taxpayer, I am trying to understand the taxes on covered call ETFs (e.g., QYLD, RYLD and XYLD). From projecttheta, with QYLD as the example: Almost all of QYLD’s dividend payments have ...
3 votes
2 answers
524 views

Is there a 0% capital gains bracket?

Currently I'm on the upper end of the 0% capital gains tax bracket. In 2023 I made $3K from interest, $3K from dividends, and $37K from long-term capital gains (no other income). When I calculate my ...
-1 votes
1 answer
152 views

Wash Sale Rule on a new repurchase and sale of the same stock

A newbie here! I have PayPal stock for over two years and my total return/losses is over -$2000 now. I bought and sold $700 of new stock a few days ago, for tiny profit, and I just found out about the ...
2 votes
1 answer
41 views

How to file for FIPRTA tax withholding and can I request interest from IRS?

I sold my property in 2020 and prepaid FIPRTA tax withholding since I am a foreigner. Theoretically, the tax withholding is supposed to be refunded the same year during the tax season. However, IRS ...
2 votes
0 answers
67 views

Tax and selling a property in the U.K. before moving to Canada

I would appreciate some advise on this: If you sell a property in the UK to move to Canada, and then transfer the money from the sold property to Canada, will you have to pay tax in Canada on the ...
1 vote
0 answers
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Does a bankruptcy cancel out capital losses? (US)

If I filed for chapter 7 bankruptcy does the amount of the debt discharged in bankruptcy cancel the prior capital losses i had so that I am unable to use those losses to cancel capital gains? Are ...
6 votes
9 answers
5k views

How are dividends good for stock/share investors?

With every stock going ex-dividend, the stock price seem to drop by the amount of dividend per share. A few observations: The dividend seems to be earned at the cost of capital gain. The amount ...
1 vote
1 answer
156 views

Why do charitable donations of ESPP shares need to first be held long term for US tax purposes?

I often see advice like this for tax advantages of charitable donation of shares: If the donated shares were acquired from incentive stock options (ISOs) or an employee stock purchase plan (ESPP), be ...
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UCITS ETF Capital Gains Taxes Different Depending on Stock Exchange?

If a certain UCITS ETF is domiciled in Ireland and is traded on both the Swiss SIX and London LSE exchanges (same ISIN but traded on both exchanges), will the tax implications (or broker’s automatic ...
4 votes
4 answers
386 views

Do I receive any economic benefit when a Mutual Fund makes a distribution?

Do I receive any economic benefit when a Mutual Fund makes a distribution? I am asking this question from the point of view of someone evaluating my income. Let’s say to evaluate how much I should pay ...
4 votes
6 answers
4k views

Are there tax-advantaged plans/accounts in Europe without age restriction?

All the European countries I am familiar with have tax-advantaged pension schemes to guarantee income for retirees, but there's a severe age limitation (like with 401(k)), which is incompatible with ...
3 votes
2 answers
208 views

Does the capital gains tax apply this tax year or next if I initiated a sale today but it won't complete until the new year?

I have tried several Google and Stack Exchange searches, and I tried looking through the IRS website, but I haven't found anything that answers my specific question. I may have made a mistake. Last ...
4 votes
4 answers
627 views

How do wash sales work when the acquisition of substantially similar stock is done *before* the sale?

I understand wash sale rules in the simple case: If I sell stock at a loss and then buy it back in 30 days or less, I can't take a deduction on the loss and must instead add the loss to the cost ...
0 votes
1 answer
127 views

What happens to long-term capital losses that are transferred due to Wash Sale rules?

From Fidelity: According to the tax code, short- and long-term losses must be used first to offset gains of the same type. But if your losses of one type exceed your gains of the same type, then you ...
3 votes
1 answer
120 views

UK tax treatment for structured products with capital at risk

An important class of investment instruments available to retail investors are structured products (SP). These are usually designed to display income-like features (coupons) but whose occurence or ...
2 votes
1 answer
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What happens if the deemed acquisition price is lower than the actual acquisition price when establishing Canadian residency?

According to the Canadian Revenue Agency: Deemed Acquisition on Becoming Resident: A taxpayer who becomes a resident of Canada at any particular time in a taxation year is deemed under subsection 48(...
1 vote
2 answers
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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
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109 views

How does the Bed and Breakfast rule affect capital gains tax calculations when it spans across tax years?

The B&B rule confuses me a bit since disposals are matched with future acquisitions (done within 30 days). What happens to tax calculations (for each tax year) if the tax year ends in between the ...
2 votes
1 answer
187 views

How are taxes calculated for a resident alien cashing out assets that gained value 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 financial ...
0 votes
2 answers
367 views

How is 401k basis calculated? (Warning, wrong question.)

Normally if you sell one equity and buy another with that money, any gains or losses are reflected in your taxes at the time you do that rebalancing and you have a new cost basis on the new investment....
5 votes
1 answer
422 views

Canada/Ontario Principal residence exemption

I bought my house in 2013 and have been renting it to present time. I never lived in it. I am thinking of starting to live in the house in 2025 and 2026 and then sell it in 2027. What do I have to do ...

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