Skip to main content

Questions tagged [capital-gains-tax]

Questions related to the tax liability from the appreciation of assets, e.g. stocks, mutual funds, real estate.

Filter by
Sorted by
Tagged with
3 votes
1 answer
2k views

Are distributions from an S corp taxable as long term capital gains?

We have several shareholders. As needed, we will do a distribution for taxes. We are being told that these distributions are taxable as long term capital gains. Is that right? Should shareholder ...
Enrique's user avatar
  • 31
2 votes
1 answer
527 views

After my father's death, how can I transfer 50% of an account to my sister in the most tax efficient way?

My father has some shares in his demat account with me as a joint holder. He expired recently. Now I will have to transfer 50 percent of the total value to my sister. Will it attract short term ...
J Jaikumar's user avatar
6 votes
2 answers
6k views

Tax consequences of partially selling a stock

I bought a company for $71 5 months ago. It is now over $100 but I am afraid it might fall. I plan to sell only enough to get back the money I put into the stock and own the gained amount until it is ...
RBZ's user avatar
  • 191
1 vote
1 answer
1k views

What are the tax implications of selling an investment property in india?

I am living in UK for last 10 years. I have an NRE and NRO account in Bank of Baroda. I want to sell my flat in India and will deposit the cheque of 50 lakh in my NRO account. I have bought this ...
user20068's user avatar
1 vote
1 answer
1k views

Capital gains for agricultural land converted to non-agricultural land for the purpose of sale?

I held some agricultural land in Gujarat state for 14 years, and sold it on 20th August. As per the law in Gujarat, a non-farmer cannot hold agricultural land, so the land status was changed to non-...
Manan shah's user avatar
3 votes
1 answer
252 views

What will be the capital gains tax after we sell a rental home?

I'm in desperate need of some help. I've been asking different tax consultants about this situation, and I keep receiving different answers. My parents purchase a Tudor style home about 30 years ago ...
user19764's user avatar
-1 votes
2 answers
1k views

Short Term Capital Gains tax vs. IRA Withdrawal Tax w/o Quarterly Est. Taxes

So I had to pull funds from my IRA account earlier this year. I had taxes withheld and realize there is a penalty, however, my question is two part: with penalties and taxes for early withdrawal, I am ...
david's user avatar
  • 17
4 votes
1 answer
60 views

In the US, do brokers or mutual fund managers typically help clients calculate capital gains for tax purposes?

I realized the calculation may be a bit complex to do manually, specially when you buy/sell several times during the year at different prices, set dividend to "reinvest", etc. They should be able to ...
user69715's user avatar
  • 341
2 votes
1 answer
438 views

What are the Long Term Capital Gains for this real estate sale in India?

I purchased a site for Rs85,000/- in 30/03/2001 and planning to sell it this year(2014-15) for Rs35,000,000/-. What will be the long term capital gains for this? If I invest in bonds for 3 years, will ...
mahesh's user avatar
  • 21
13 votes
1 answer
26k views

How does tax withholding work for capital gains of selling stock?

I am new in the United States, and before I moved here I did not deal with the concept of tax withholding and capital gains tax. I understand my employer withholds part of my salary to pay taxes, and ...
user69715's user avatar
  • 341
1 vote
2 answers
642 views

How are long term capital gains taxes calculated?

I currently am in the 15% tax bracket for 2014 as I am a college student employed as a summer intern. However, if I am hired as a full time employee by next year, I would move into the 25% tax ...
Shankar Kumar's user avatar
6 votes
1 answer
11k views

Are futures options eligible for the 60/40 tax rule?

How are options taxed when the underlying asset is a futures contract. Futures contracts in the US have a favorable tax treatment known as the 60/40 rule, where 60% of profits are taxed at the long ...
CQM's user avatar
  • 20.2k
3 votes
1 answer
15k views

Tax implications of selling part of land associated with main home

My wife and I are considering splitting off a portion of the land attached to our main residence. Will this be taxed as a capital gain? Can the money be put towards the mortgage and not be taxed? ...
user14528's user avatar
  • 141
0 votes
2 answers
974 views

What if I don't have records of capital gains?

What should I do if I don't have adequate records of my capital gains in 2013? What is the best course of action to mitigate any potential issues from an IRS audit? I have yet to submit my tax return....
sdf's user avatar
  • 1
3 votes
3 answers
1k views

Should I sell shares to buy a home so I avoid a mortgage? [closed]

I'll be retiring next year, and I want to be in my own home (aging-in-place). Should I sell stocks to buy it outright and thus avoid a mortgage as I move to a fixed income. But what about capital ...
user14198's user avatar
6 votes
2 answers
408 views

Long-term capital gain taxes on ETFs?

Sorry if this is a very novice question. I couldn't find it by searching here or Bogleheads (I'm not really a 100% Boglehead either). Let's say I hold $30,000 in an ETF called BMT (Big Mike's Tech). ...
Frank Visaggio's user avatar
2 votes
2 answers
279 views

What does "no adjustments" mean?

On Form 8949, Part I, it says You may aggregate all short-term transactions...for which there are no adjustments directly in Schedule D without reporting them in Form 8949. What does it mean for a ...
merlin2011's user avatar
3 votes
1 answer
134 views

After a stock dividend, how do you calculate holding periods for capital gains taxes?

The scenario is: You own a stock for six months, and then the company issues a stock dividend — the business splits into two entities. Can you sell both stocks after 6 months and a day after ...
rjdevereux's user avatar
2 votes
1 answer
2k views

Is the amount taxable if my grandfather sells agricultural land

My grandfather who is around 80 years old selling agricultural land that he has acquired from his forefathers in Aligarh (Uttar Pradesh). He would the selling the land for 13 lakhs. Is this taxable. ...
narendra's user avatar
5 votes
3 answers
25k views

Capital Gains in an S Corp

In this question about s-corp distributions, the answer was given that an s-corp taxes all profit as personal income. That is, there are neither distributions nor dividends which can be taxed at a ...
Brent Arias's user avatar
0 votes
1 answer
392 views

Offsetting capital losses against gains for stocks

Let us say I hold 4 stocks in a non tax sheltered account Stock A has capital gain of 10$. Stock B has capital loss of 20$. Stock C has gain of 10$ but it is intra day, hence counted as income, not ...
Victor123's user avatar
  • 16k
2 votes
0 answers
86 views

capital gains on oversea property for non-resident of Canada

I live overseas in Belize and have for over 5 years and other than my Canadian Passport I have no other ties to Canada. I'm considering selling my house in Belize and with the proceeds from the sale ...
bananavida's user avatar
3 votes
1 answer
1k views

Return of value to shareholders in an ISA

Note I am situated in the UK. I hold a number of Vodafone of shares in a stocks and shares ISA. My broker has issued the following message to me: Vodafone has confirmed plans to sell its stake in ...
George Reith's user avatar
1 vote
2 answers
2k views

Capital Gains Tax with Multiple 'buy' Transactions per Stock (U.S.)

Suppose the following (in the U.S.): On 2014-01-01 I buy a single XYZ stock for $100. On 2014-06-01 I buy an additional single XYZ stock for $500. On 2014-12-01 I sell a single XYZ stock for $900. ...
Ofer's user avatar
  • 119
2 votes
1 answer
2k views

Tax applicable on selling of agricultural land in India

My father now aged 65 years, had purchased the agricultural land in Gurgaon area (Farukh Nagar) in 1987. He sold this land in 2011 at Government circle rate. The money was received by demand draft. He ...
harish rana's user avatar
7 votes
1 answer
492 views

Capital gains taxes on share of inherited property?

I along with my cousins just sold some real property located in in Quebec that was inherited from our grandfather to our parents, and then to us. I received a 1/8 share of the proceeds which amounts ...
Elaine Gewirtz's user avatar
3 votes
2 answers
2k views

Minimize capital gains on sale of investment/rental property

I bought the property in 1979 for $40K. It was zoned R4 and was a duplex. Several years later, the city camein and did a blanket rezoning of the entire street to C-2. I shared the house/owner-occupied ...
eugenia's user avatar
  • 31
4 votes
1 answer
6k views

What capital gains taxes do I owe on stock sales in India?

I would like to know about the tax details on selling stocks if I follow this procedure: Sold stock ABC after holding it for more than a year for INR 1000 for a profit of INR 100 Bought stock BCD for ...
Rajkumar's user avatar
  • 237
4 votes
1 answer
962 views

Capital Gains and Tax Brackets

Currently I am in a 25% Tax Bracket and I plan to sell stock and will incurr a capital gain of $200,000. Will this affect my marginal tax bracket? I know I will pay capital gains taxes on the $200,...
user9569's user avatar
4 votes
1 answer
8k views

Calculating capital gain tax on selling rental property I lived in for a while, and renovated?

I am finding it extremely difficult to get an answer to this question. I can understand if its not possible to give me an exact number but I am just trying to figure out, roughly how much I will be ...
Ryan T.'s user avatar
  • 41
4 votes
3 answers
11k views

Tax implications of restricted stock units

Last May I had been with my company for a year so I got the first grant of restricted stock units (RSUs) that vest over 4 years. Based on this answer to a related question, I am thinking I should have ...
Craig W's user avatar
  • 15.9k
21 votes
1 answer
1k views

What tax law loophole is Buffett referring to?

In a recent op-ed, Warren Buffett made a claim about investment managers: Others own stock index futures for 10 minutes and have 60 percent of their gain taxed at 15 percent, as if they’d been long-...
jldugger's user avatar
  • 7,437
9 votes
2 answers
397 views

Can I claim lost income if a company I invested in went out of business?

What happens when a company I invested in goes out of business? Is that declared as a personal capital loss? Does it offset capital gains elsewhere, and how do I include it in my tax filing?
user avatar

1
15 16 17 18
19