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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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Where can I see my interest and dividends earned as well as net capital gain/loss for my Fidelity HSA last year?

As I was a tax resident of California in 2021, I must report the interest and dividends earned as well as net capital gain/loss for my HSA account, which is managed by Fidelity: Where can I see my ...
Franck Dernoncourt's user avatar
1 vote
1 answer
133 views

Reporting capital gains as an F-1 student in the US

United States Since I was on an F-1 STEM OPT status in 2021, my brokerage company issued me a 1042-S form. This only shows the dividends and interest, but not the capital gains. How do I calculate my ...
rahs's user avatar
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2 votes
1 answer
554 views

Are long-term capital gains tax rates marginal or effective?

I've found many sites that list the current U.S. long-term capital gains (LTCG) tax rates for tax year 2021. But I can't find any explanation whether these tax rates are marginal or effective. For ...
tparker's user avatar
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1 answer
141 views

Within thirty days I buy 1 share of NVDA at 210 and sell for 215 the same day. What is my cost basis for that share?

I am trying to understand the implications of wash sale as it affects gains and repurchase at higher price. I buy 1 share of NVDA at 200 and the sell at the same exact price. Within thirty days I buy ...
tashfeen's user avatar
3 votes
1 answer
163 views

Avoiding Double Taxation on US Capital Gains for US citizen residing in Portugal

I am a US citizen retired and living in Portugal. I make a living investing in US stocks. I report this income to both the US and Portuguese IRS and pay taxes on both ends. Could someone tell me ...
Jey Ragusa's user avatar
0 votes
1 answer
86 views

How to account for a investment income on estimated tax?

I had a short-term investment payoff $40k. This figure will appear on the K-1 which I will receive in August. Meanwhile, what's the easiest place to stick this figure somewhere while doing estimated ...
Wynne's user avatar
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1 answer
56 views

How exactly does RSU impact my tax return? [duplicate]

I have some RSUs in 2021 and some of them got vested. I see that in my H&R Block software it states that these were reported on my W2 and I think they were. So my question is how is this vesting ...
fhcat's user avatar
  • 357
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2 answers
211 views

Is there a way to sell a stock and as soon as possible buy another stock without paying a capital gains tax? Even if there was would it be outlawed?

Something similar to cryptocurrency trading where you can sell and buy for small fee via stablecoins.
user116184's user avatar
1 vote
3 answers
1k views

Does Wash Sale Rule Apply If Gain?

Recent market volatility had me trying to explain wash sales to someone and I realized I wasn't completely sure about the following: Day 1) Sell a stock position at a loss Day 2) Stock price ...
AA040371's user avatar
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Received stock in trade for LLC units as part of an IPO. How to report paper gain?

USA taxpayer. An LLC in which I had units IPOed. I chose to have some of the units converted into stock instead of receiving cash. (Yeah, didn't expect tech implosion, but that doesn't matter for this....
Andrew Lazarus's user avatar
1 vote
1 answer
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How many times can one do a Sec. 1031 exchange, with the same capital?

I was given advice that if I wish to purchase another apartment, best to do a Sec. 1031 exchange with the one I own now. I might only want to live there for a few years. Can I do the Sec. 1031 ...
Mr Monee's user avatar
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1 answer
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What sequence are stock units held by us sold in?

This is specific to Indian Stock Market but I'd like to know about other markets as well if it works differently there. Here's the scenario:- I bought 10 units for INR 10 each. The stock went up by 10,...
raw_orb's user avatar
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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 ...
user115619's user avatar
2 votes
1 answer
736 views

How do I determine the cost basis on old stock?

We've had some stock in one company since the early 1990s. We had the dividends reinvested in the stock each time they were paid, so the records show we bought fractional shares from time to time over ...
Bytewench's user avatar
1 vote
1 answer
196 views

Restrictions on rounding proceeds/basis when computing capital gains tax?

When I upload Form 8949 transactions using TaxAct it rounds the proceeds/basis for each individual transaction to the nearest dollar. In other words if I make one transaction buying a stock for 0.51 ...
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0 votes
1 answer
127 views

Can either of the following Unforeseeable Events allow me to avoid capital tax on a sale of an apartment abroad?

I used to live in my apartment which is located outside the U.S. I have been renting it out for 5.5 years. I saw on the website of the IRS that if there were Unforeseeable Events then one can avoid ...
user1422331's user avatar
37 votes
2 answers
9k views

How do I realize tax losses on a cryptocurrency I can't sell?

I have a bunch of dead coins that don't have any liquidity on exchanges anymore. Is there a way to sell them or report them to the feds somehow so I can harvest my tax losses? I read about a way that ...
DNS_Jeezus's user avatar
1 vote
1 answer
189 views

What are the tax consequences of loaning securities to one's broker aside from the dividends being paid as payment-in-lieu taxed as income?

I'm trying to understand the tax consequences of loaning securities to one's broker in the United States: The dividends of the loaned security are being paid as payment-in-lieu, which is taxed as ...
Franck Dernoncourt's user avatar
0 votes
1 answer
256 views

HR Block Software reduces my tax return by $53 after entering crypto gain of $13

Some time this year I purchased 0.1 ETH for $260 and a few days later sold it for $273 which is a gain of $13. However, when I enter these amounts into form 1099 in HR Block software that reduces my ...
Dean Kuga's user avatar
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1 answer
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Selling stock to fund downpayment

My parents are buying a condo in a 55+ community in Florida and I'd like to help with the down payment. The community requires 30% down and I'd like to sell stock to help them. From what I know, I ...
saavysaver69's user avatar
1 vote
0 answers
48 views

Tax treatment of underlying asset in 1256 options contract if exercised

I've talked to a tax professional but got a very uncertain answer and can't find any examples online, only examples are of the option expiring worthless rather than in the money. Example: 1 Bitcoin ...
novacog's user avatar
  • 11
2 votes
1 answer
298 views

Would selling an above-ground pool from a house I bought (pool came with house) count as capital gains for taxes?

I bought a house last year, which included an (empty) above-ground pool. I didn't want the pool so I sold it to someone else. Does this sale likely count as capital gains for tax purposes? (And ...
NeutronStar's user avatar
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1 answer
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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 ...
Franck Dernoncourt's user avatar
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 ...
Nuclear Hoagie's user avatar
12 votes
2 answers
5k views

How to avoid taxes when a stock you own is taken over in a cash deal?

I own shares of company A in a personal, non-tax advantaged account. Company A is being acquired by company B at a premium in an all cash deal, but I'd like to avoid the taxes associated with selling ...
Everyone_Else's user avatar
-1 votes
2 answers
191 views

How much do I have to pay tax for selling stock?

Say for example I am Bill Gates and I have $10 Billion in my bank account. Then I decide to buy Tesla stock, at a current price of $1,000 per share. Then, after 2 or more years, the share price is ...
Joe Jobs's user avatar
  • 155
1 vote
1 answer
60 views

Has anything changed since 2019 regarding selling shares within 30 days of purchase being deductible for tax purposes?

The upvoted answers to this questions, if correct, indicate that, under US law, if one buys and sells an equity within 30 days for a loss, and does not repurchase anything substantially identical ...
user114635's user avatar
0 votes
2 answers
127 views

How does getting a mortgage help with taxes? [closed]

If one opts to buy a home with a mortgage, how does it reduce taxes and which taxes? I.e. income tax, capital gains? Is it always a good idea to purchase a home with a mortgage vs. paying in cash with ...
user1422331's user avatar
3 votes
1 answer
354 views

Do I need to sell stock to effectively use the German Sparer-Pauschbetrag (and if so, how much)?

In Germany, 801 Euros are exempt from the capital gains tax ("Sparer-Pauschbetrag"). There is a small tax on unrealized gains ("Vorabpauschale") but it is afaik negligible right ...
tim's user avatar
  • 195
2 votes
2 answers
3k views

If you sell stocks within a 401k but don't pull the money out of your account, is it taxed?

If I have say a 401k account, and say I sell some of my stocks in there, but I don't pull the money out of my account, is the only tax involved the capital gains tax? Or will I pay my income tax on it ...
graphtheory123's user avatar
0 votes
1 answer
123 views

Do I need to sell all stocks before new year in order to claim money lost in stocks? [closed]

For example, I made $1000 dollars in stock market on the first half year. I sold $500 worth of stock. So I have $500 still in the market and $500 in cash. Then I bought $4000 new stocks in the 2nd ...
s-hunter's user avatar
  • 451
1 vote
1 answer
242 views

Sold Calif. house for more than we paid, but moved to more expensive Calif. house. Do we owe tax?

Bought house [A] in May 2019 for $590k. In 2021, bought house [B] for $915k in July and sold house [A] for $754k in Dec. Moved from A to B july/aug 2021. UPDATED 1/15/2022... Both houses were our ...
Doug Null's user avatar
  • 676
1 vote
1 answer
121 views

Clarification of income tax rules for farm staking rewards (UK)

In the UK we have to pay Income Tax on crypto farm staking rewards. I'm unsure as to at which point I'm legally obliged to pay income tax on staking rewards. Is it: As the rewards clock up on my DeFi ...
user avatar
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 ...
Ahmed Ihsan Tawfeeq's user avatar
3 votes
2 answers
2k views

Capital gains tax on car trade in with appreciated value?

For US tax resident If car is traded in for a higher value car and the trade in value of the car is higher than the purchase price of the car, considering long term (>1yr)? Will there be any ...
donm's user avatar
  • 141
2 votes
1 answer
77 views

Beginner capital gain tax on shares in Australia

I am thinking about depositing some of my money (500-800 AUD) into eToro and buy some shares, just for building good money habits. But I am unfamiliar with the tax implications that I have to face (if ...
AliceRathbone's user avatar
-1 votes
1 answer
172 views

Create LLC to invest and make big purchases?

If I want to do the following: Make a few big purchases (laptops, cars, etc) Invest in public and private equities, cryptocurrency, NFTs Will a vehicle (e.g. LLC) be useful to accomplish all of ...
Tinker's user avatar
  • 449
1 vote
1 answer
203 views

When are premiums received for selling covered calls/naked puts realized?

For example, if I were to buy 100 shares in APPL today and sell a covered call option with an expiration year of 2022, would the premium that I receive be realized upon sale or when the option expires ...
ARJ's user avatar
  • 167
3 votes
2 answers
272 views

Is there no tax free way to shelter your savings from depreciation due to inflation like converting to any other unaffected foreign currency?

As I understand it, currency appreciation is treated as taxable income. However, if the currency you've converted to or any other currency you convert to isn't really appreciating at all and instead ...
johntrepreneur's user avatar
1 vote
1 answer
94 views

Deposit stocks into LLC

Does depositing stocks into a single member LLC incur a capital gain? The stocks will not be sold. I have searched for this but cannot find an answer.
stack_man123's user avatar
1 vote
0 answers
41 views

Managing Income to Facilitate Taking Tax-free Capital Gains

Regarding Capital Gains Tax in U.S.: I am retired, and my only income is what I think is called "passive", e.g. RMDs, dividends, interest, and realized capital gains. My understanding is ...
AA040371's user avatar
  • 353
7 votes
3 answers
5k views

Is US capital gains tax progressive?

As has been answered on many questions, people pay 0% capital gains if their taxable income is below $40,000, 15% capital gains tax if between $40,000 and $441,450 and 20% if over $441,450. My ...
WetlabStudent's user avatar
0 votes
1 answer
64 views

Long-Term Capital Gains Tax Rate on or after Sept. 13, 2021 - Biden Plan

Under the Biden proposal the maximum capital gains are taxed would increase, from 20% to 25%. The new rate would be effective for sales that occur on or after Sept. 13, 2021. But do the proposals ...
joemooney's user avatar
1 vote
2 answers
3k views

When is it ok to switch from a FIFO cost basis to LIFO?

I live in the US and use a service to calculate my cryptocurrency capital gains taxes. I have previously always left it on the default FIFO calculation. But this time I was curious and made it ...
Brimby's user avatar
  • 267
0 votes
1 answer
69 views

UK Capital Gains Tax Increase

With rumours circulating about the UK CGT tax rates being brought inline with income tax I was wondering if; Would the rate increase only take place from a future tax year e.g. 2022/23 onwards? Or, ...
BiscuitCookie's user avatar
1 vote
3 answers
337 views

Is it generally advantageous to offset capital gains with losses?

Related to these two questions. My question is, if I have $1000 in short-term capital gains and, for the sake of simplicity, say I would have to pay a 20% capital gains tax - $200. Is there any reason ...
Gramatik's user avatar
  • 427
2 votes
1 answer
282 views

Does a non-US-citizen leaving US and returning to Australia avoid capital gains tax?

I am an Australian citizen who has lived in the United States for over 10 years on work visas, filing with the IRS and paying taxes. During that time I purchased shares in a US company, and those ...
hypercrumpet's user avatar
2 votes
3 answers
105 views

Do we get the "deferred tax" property like an IRA or 401(k), when we buy a mutual fund?

Although mutual funds (in USA) tend to move their position very slowly, but after 10 years or 20 years, that'd be more. For example, if we buy a mutual fund in year 2000, and they invested in ...
Stefanie Gauss's user avatar
2 votes
1 answer
216 views

Tax loss-harvesting with Crypto

There are headlines floating around about enforcing wash sale rules for crypto capital gains and losses, this prompted me to look into tax loss-harvesting, and it turns out I don't understand it at ...
RaGe's user avatar
  • 123
2 votes
0 answers
44 views

Stepped-up Basis with a Revocable Living Trust

Scenario is this: son was trustee and invested extra savings in cryptocurrencies while father was alive and not able to make his own decisions. A few additional cryptocurrencies were purchased after ...
NealWalters's user avatar

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