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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2answers
98 views

Can IRS construe a Roth conversion to be a wash sale?

Should I do Roth IRA conversions after a market crash? I have too much money in my traditional IRA and not enough money in my Roth IRA. Both accounts use VTSAX. I have no intention of touching it any ...
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4answers
9k views

If I sold some stock by mistake and immediately bought it back, is that sale still subject to capital gain tax in USA?

Today I wanted to buy a few shares of Apple (AAPL), let's say 10 shares. When I handled the UI, there was the "By number of shares" and "By dollar amount" and then "Market&...
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52 views

With respect to taxation, multi-asset ETFs such as 75% bonds + 25% equity are better compared to a 100% bond ETFs?

In here, it is claimed that Less than 100% of gains may be taxed. There is a partial exemption (i.e. Teilfreistellung), which causes only part of the gains (e.g., 70%) to be taxed. This exemption ...
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0answers
29 views

For a German residence, is there a difference between investing U.S-based or Eurozone-based ETFs?

For a German residence, if you compare investing in identical two bond ETFs, one is in the US and one is in the Eurozone area, from a taxation perspective, which one is cheaper?
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1answer
108 views

If I sell two rental properties in same tax year with one at a loss and the other a gain do they partially cancel each other?

I will have a profit on one rental property and a somewhat smaller loss on another one. Will the loss on the second be deducted from the gain on the first before determining capital gains? Do they ...
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1answer
1k views

wash sale rule for multiple lots

I am a bit confused by this specific scenario of buys, sells and how to calculate the cost basis for the lots I'm holding. This question is for USA tax purposes. Day1, buy 100 shares at $10 Day2, ...
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1answer
115 views

Wash sell issue. I’m a bit confused new to trading. Question is do I pay taxes on that disallowed as profit?

Do I pay taxes on only the $6000 or on both the 1.2mill and the 6000? USA
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2answers
2k views

Do capital gains taxes need to be paid throughout the year to avoid underpayment of estimated tax penalty?

I made a decent amount in short-term capital gains in 2020. As I was filing my taxes this year, Turbotax informed me that I needed to pay a penalty for underpayment of estimated tax. I don't totally ...
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2answers
116 views

Is this the right way to calculate capital gains when cashing out a mutual fund?

I cashed out a taxable mutual fund in January. It is a long held fund. I got an activity history of all the transactions so that I can figure out an estimated tax to send in to the IRS as currently, I'...
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0answers
114 views

My 52 year-old husband owns a rental property. Sell? When?

My husband owns a house we rent. The tenants are great, but my husband is taking a cash flow loss (less than $400/mo). However, the equity is rising nicely - 14% last year, 54% over the last 5. I want ...
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2answers
98 views

Can I pay equal amounts of quarterly tax if my income is uneven?

My money manager typically reallocates my portfolio early in the year. That means the majority of my capital gains occur in Q1. Am I required to adjust for this in my quarterly taxes, trying to pay ...
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1answer
67 views

Determining Virginia Capital-Gains on Collectible Cards

How do I determine what the capital-gains tax is on an item like Collectible Cards, in the state of Virginia? (one-time sale of cards older than a year, not a businessman). Additionally, how does this ...
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0answers
83 views

Does Canada have regulations regarding "shorting against the box"?

If you hold a long position in a stock and believe it will go down but don't want to realize any gains, you can a open short position in that same stock to hedge against any drops in the price. This ...
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3answers
593 views

How do I carry over capital loss to the next year?

I understand it can be done... I don't need to know that. ...But I don't understand the mechanism used to track and carry over the capital losses for future years... I am entering my stock trades into ...
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1answer
59 views

Can you buy back the property you sold for a 1031 exchange

I am trying to get creative in order to make something work... I have 4 mortgages right now. I want to add a 5th, but it would be a jumbo loan. My lender informed me that adding a jumbo loan cannot be ...
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1answer
42 views

Received 1099B for unvested RSU after leaving company

I left a job in 2019 where I was granted some RSUs that were to be vested first time in 2020. But I never received the RSUs since I left the company before the first vesting. Today I received a 1099-B ...
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1answer
98 views

Why isn't my capital loss carryover reducing my tax from short-term capital gains?

I am using Turbo Tax for these calculations. Before entering my investment info/capital gains, I had a federal refund of $272. After entering my capital gains and investment info, I owed $1900, for a ...
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1answer
68 views

How to calculate tax on crypto currencies

Suppose I buy some bitcoin for $100. Some time later, it is worth $200. I sell half of it for $100. Do I have to pay tax? On one hand, "on paper" I gained $50, since the half that I sold was ...
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1answer
47 views

Expense of precious metal ETFs and tax implications

I am trying to understand how precious metal ETFs actually collect their fees. I know that for a stock ETF, expenses are collected by charging the shareholder's brokerage account a cash amount on a ...
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1answer
75 views

How do Federal and State Capital gains tax offset one another or stack?

I want to know how capital gains taxation works to understand better about taxes. To make it very simple lets say that Federal capital gains tax rate is 20% and state capital gains tax rate is 10%. ...
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1answer
224 views

how can capital losses carryover used be more than $3000? (in US income taxes)

This is regarding short-term capital gains (actually losses) carried over from past years. I have a capital loss carryover of about $4800 from 2019. I had a gain of about $12k in 2020. I thought the ...
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0answers
25 views

non resident of Canada , taxes due on sale of shares in Canada

I am a resident of a EU country with a double tax treaty with Canada. I pay dividends at source on shares I own in a Canadian bank. What happens when I sell the shares, am I taxed on any gains in ...
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1answer
4k views

What is the likelihood I get in trouble for forgetting to file cryptocurrency taxes? What should I do?

PayPal had a promotion without fees a long time ago, they also did it December 2020 and I just sold crypto again through paypal. This time they mentioned some sort of tax form, which somehow I was ...
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1answer
124 views

Why are U.S. capital gains taxed at different rates? [closed]

I am wondering, what is the purpose of dividing capital gains into long-term and short-term, and then tax them at different rates? Is it to incentivize long-term investments? It seems counter-...
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0answers
58 views

Uk Tax year and limited companies

I want to open a uk private limited company but wondered if there are any advantages to wait a month so it will be registered in the new tax year. I know the financials have to be submitted 12 after ...
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1answer
65 views

How to compute unit average cost after capital gain distributions?

My question is about how and why the average cost of a stock is re-computed after the capital gain distributions of the corresponding fund. I'll give the actual example that confuses me to ground the ...
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2answers
103 views

Is it possible to have an individual brokerage account where taxes are paid on portfolio, not individual positions?

Suppose I have an individual brokerage account with a number of positions. As far as I found, the taxation takes place per position, i.e. I can be forced to pay tax even if the portfolio loses money. ...
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1answer
104 views

Will the stock holding period change from long term to short term when I add more shares into the stock?

After searching the internet,I found no answer. For example, in USA, I purchased 100 shares of Apple stock two years ago and then purchased another 100 shares last month, will my holding period start ...
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0answers
59 views

Will I pay capital gain tax if I sell a part of my invest which I accumulated by Dollar Cost Averaging over long time?

I am an investor in New Zealand. Generally in NZ, there is no tax over a capital gain if the investment is done for the intent of a long-term time horizon (12 months or more). I use dollar-cost-...
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2answers
616 views

Capital Gains on same stock but two different accounts

I have two different personal accounts. One on Robinhood and one with Webull. I have many shares of a stock in Robinhood that I am trying to hold for a year or more before I sell. At the same ...
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0answers
91 views

Can I transfer stocks from a margin account to a TFSA to avoid capital gains tax?

I am new to trading and ended up opening a margin account rather than a TFSA a few months ago. I know I can sell my stock and then buy it again in the TFSA, but the stock price has gone up and I am ...
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1answer
51 views

How to determine if my capital gains were long or short term if I only sold a fraction of my shares?

The following is my scenario: I purchased 100 shares of stock A in November 2019, and 50 more shares of the same stock in November 2020. I sold 70 shares of stock A in December 2020 from which I made ...
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1answer
61 views

LLC Assets Short-Term/Long-Term

Suppose I am the sole owner of a Wyoming LLC. I own some property or stock which has an unrealized gain and which I have held for over 1 year and deposit this into the LLC. Now let's say 3 months ...
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0answers
220 views

PA SCHEDULE B - Part Year Resident - Line 10 Capital Gains Distributions

I was a part year resident in PA for tax year 2020. On line 10 of the PA Schedule B form the instructions are telling me to enter the capital gains from my federal Schedule D. But, unlike in the ...
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1answer
123 views

Using capital gains to start a business?

Lets say I make 100k profit in selling some stocks. Can I use that 100k to start a Business without paying Capitol gains? The Business would be used to buy and sell properties. Maybe a bar.
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0answers
43 views

Do Vietnamese F-1 students have a reduced capital gains tax in the US?

From what I know, F-1 students that need to pay capital gains tax in the US have a flat rate of 30%, "unless a tax treaty allows for a reduced rate" (according to the IRS). My question is, &...
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2answers
364 views

Need help with wash sale loss disallowed

Just received 1099 for 2020. My wash sale loss disallowed is $47,000 & my net loss is -$770. I just want to know how much tax I'll need to pay approximately. I recently learned what the wash sale ...
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1answer
90 views

Canada - Can I make an in-kind transfer to avoid paying capital gains?

I am planning on paying my girlfriend back 18K, which she plans on putting in her RRSP. Rather than sell funds that are in my non-registered investment account (which would cause me to pay capital ...
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2answers
88 views

I transfered gains from my broker to my bank. Will this necessarily trigger a tax event?

I transferred XX amount of money in 2020 from my bank to my broker. I did well in the market, and doubled it to 2 * XX in early 2021. At this point, I transferred half of that money, XX (the original ...
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0answers
21 views

Legally avoiding foreign Tax on Junior and Investment ISA while living abroad

I love the ISA investment account and I'm now considering investing in a Junior ISA for my newborn son. I understand that if you have any these accounts open while you live abroad then you are not ...
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3answers
135 views

Why no 1099 for short term capital gains from stocks?

I bought Google, Tesla, & some other fsmous stocks for total $370 in various times in 2019, & sold all of them for total $440 in February 2020. This makes $70 profit as short term gain. I am ...
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1answer
409 views

As an US citizen living in the US, if I buy/sell stocks on the London Stock Exchange do I pay taxes to the US and the UK?

I am a U.S. citizen, living in the United States. I am interested in buying shares of a company that is traded on the London Stock Exchange, but not in the US (including as an ADR). I've tried ...
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4answers
125 views

Does a traditional IRA actually save you capital gains tax?

A traditional IRA is tax deferred, meaning you will pay ordinary income tax on withdrawals once you are at least 59 1/2 years old. My question is that since you are paying taxes upon withdrawal and ...
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1answer
70 views

How do stock trading companies pay tax?

I was trying to understand the business structure of stock trading companies. If you set up an LLC, you have to pay tax on capital gains. When you trade (buy and sell stocks) in the name of another ...
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2answers
85 views

Bitcoin (for example) to property, avoid cap gains tax in swap?

USA, Say user X on this list has $700,000 worth of bc, paid $100,000. Let's say otherwise X has no assets and only minimal income. If X sells it today for USD, of course pays cap gains on the $600,000....
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1answer
92 views

Selling unrealised stock position to reduce taxes, then buying again. Am I off the hook?

I have a realised profit for the current year of $1000. (On which I will be required to pay taxes). I have another position that is unrealised (still holding the stock) that is negative $1000. Now if ...
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2answers
113 views

Can I exchange the shares of an index ETF for the assets of a small business?

I am interested in buying a small business for $150K. In order to finance the acquisition, I plan to use funds from my personal brokerage account (TD Ameritrade). I will sell $150K in stocks from the ...
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3answers
56 views

Would my shares be sold if the price expired at above my call spread?

I own 100 shares of XYZ. I sold a call option on XYZ at a strike of $100. I bought a call option on XYZ at a strike of $110. The price of XYZ expired at $120. Will my 100 XYZ shares be sold and a ...
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2answers
145 views

I bought a stock which I then sold for a profit and then bought it again same price. Am I liable for capital gains tax?

I bought a stock for lets say $100. I sold it for $200. I then immediately bought it again for $200 (in a different broker). All of this happened in the same tax year. The reason why I sold the stock ...
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1answer
50 views

Can previous historic losses offset profits made in the current tax year in relation to capital gains tax?

If I have invested for 5 years in a row and made loss each year, can I use those loses to negate any profit I have made in regards to UK capital gains tax? For example, if I made a loss of £1k for ...

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