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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2
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0answers
275 views

Tax rate of bitcoin trading for non-resident alien

I'm an international student holding F1 visa in the states. I find information on the IRS page which says non-resident aliens are subject to 30 percent flat rate for capital gains. Does this rate ...
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1answer
105 views

How much taxes to pay after selling stocks?

Can anyone tell me how much taxes I will be liable to pay to IRS after selling some US stocks? I have around $20K and I need the money, I invested for almost 2 years and it gave me around 400% profit. ...
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Tax Planning Capital Gains

Tax Planning - I'm retired and want to take my income as close as possible to $45,916.00 using Stock Capital Gains to maintain the lowest tax bracket of 15% and do the same for years to come as I have ...
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1answer
163 views

Can salary sacrifice pension contributions move you into a lower tax bracket for Capital Gains Tax?

If a person is paid over £45,000 per year then they are a Higher Rate taxpayer and pay Capital Gains Tax at 20% If that person pays into their salary sacrifice pension and reduces their taxable ...
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2answers
957 views

What are the “capital gains” my ETF is distributing to me alongside its dividends?

Today I noticed several ETFs I own, including SLYG, opened at a significantly lower value than they closed at yesterday (SLYG was $7.975 lower to be exact). Apparently yesterday a dividend was ...
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1answer
112 views

How much tax will be due on my earned income and capital gains?

I turned 24 this year, and my Mom and Dad are thinking of giving me stock that they have owned for over 1 year to pay for my college expenses. The basis of the stock is under $28k ($14k from each of ...
4
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1answer
102 views

As a shareholder in a private company that was acquired, what's the transaction date for my capital gains?

I'm a common shareholder in a US private company acquired in Nov 2017 by a US public company. I'm planning to wait until Jan 2018 to exchange my shares for cash+stock in the acquirer. (The M&A ...
4
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2answers
131 views

Locking in a low capital gains rate and immediately repurchasing stock

Due to taking time off this year, I'll end up in a low income tax bracket that puts me in the 0% long term capital gains tax bracket. I'd like to harvest some gains before the years end and take ...
2
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1answer
336 views

Transferring Money from India

I am living in US for 17 years and became US citizen October 2015. My brother who is living in India gifted me the property in India, July 2015. He registered that property in my name in 2014, that ...
2
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1answer
71 views

Reinvesting Mutual Fund Gains

Scenario 7 days ago I exited from some mutual funds where I had experienced significant gains. I came across information just today that shows my 2017 tax return will be a LOT more beneficial if I ...
4
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1answer
5k views

Is the UK capital gains annual exempt amount separate from the tax-free personal allowance?

There is a UK capital gains tax annual exempt amount, currently £11300 https://www.gov.uk/government/publications/rates-and-allowances-capital-gains-tax/capital-gains-tax-rates-and-annual-tax-free-...
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2answers
228 views

What percentage of yearly gains on an index mutual fund is lost on tax?

Background about me: I am a foreign national living in the United States. I am in my late 20s, and have begun thinking about long term investing. Having read Get A Financial Life by Beth Kobliner, I ...
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0answers
264 views

How to pay capital gains tax for US non-residents?

Some time ago, I worked in the US, set up a brokerage account and bought some stocks, and soon returned to my home country (Canada). Now I sold some of it, and it occurred to me that I probably need ...
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1answer
347 views

My 18 yo son inherited his grandmother's house and his father wants to buy it for $1

My 18-year-old son inherited his grandmother's house. His father wants to buy it from him for $1. Wouldn't my son have to pay capital gains tax? The house is in Pennsylvania
5
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1answer
281 views

Transfer between mutual funds?

I've recently moved from the U.S. to France and my investment company has put my account "on hold" to avoid tax complications on their side (common practice these days). That means I can continue to ...
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4answers
2k views

Is there any way to reduce the taxes on my capital gains

I made ~100k investing in Bitcoin learned afterward that I needed to pay capital gains taxes on it in the amount of ~23k (via https://bitcoin.tax/). What are my options in terms of not paying so much ...
7
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1answer
311 views

Capital gain treatment when moved to a no state income tax like Texas

I am planning to move to Texas early 2018. If I lease my California principal residence for 9 months, while waiting for my new home in Texas to be built, and then sell the California house 9 months ...
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1answer
524 views

Can I avoid tax on selling US stocks bought as an Indian resident

I am an Indian resident with an account in a brokerage which allows trading US stocks. I am aware that if I sell US stocks in this account while being an Indian resident, I will be taxed since these ...
4
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1answer
583 views

What cost basis accounting methods are applicable to virtual currencies?

This year I began doing some small investments in cryptocurrencies (Bitcoin, etc), and turning small profits. I've been tracking my gains under each of the different cost basis accounting methods (...
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2answers
81 views

What is the tax levied against stock portion cashed out of 401k?

I need some help, I'm having a surprisingly difficult time getting an answer to my question. I will be cashing out the stock portion of a previous employer's 401k, I need to know what sort of tax (and ...
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2answers
71 views

Incentive Stock Option (ISO) tax question - more specific this time

Here's the scenario: I live and work in New York City. On November 1, 2017 I get granted 80,000 ISO's that vest over four years (with a one year cliff). The strike price is $3. On November 1, 2018 ...
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0answers
117 views

Capital Gains Tax Example - Question

My wife and I are semi-retired and have 3 children under 18. The capital gains rules confuse me (and are pretty depressing). Our reasons for selling the 1 house are to pay for a boat which we plan to ...
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3answers
187 views

Tax implications of exercising ISOs and using proceeds to exercise more ISOs

On November 1, 2017, I am granted 80,000 ISOs that vest over four years (with a one year cliff). The strike price is $3. On November 1, 2018, 20,000 of the options vest. The FMV has grown from $3 to $...
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2answers
616 views

At tax time, what is the proper way to report cryptocurrency earnings and fiat income when you've started with “nothing”?

Back in 2011 I started mining Bitcoin. I earned no more than .75 BTC. At that time, it was worth no more than $0.75. I began to trade my bitcoins for alt-coins. Regarding taxes and cryptocurrencies ...
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0answers
97 views

HYG vs JNK Capital Gains

How has HYG gone years without paying a capital gains dividend, whereas JNK has paid several? I know avoiding capital gains dividends is good because it reduces the need to pay capital gains taxes, ...
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1answer
94 views

Is it better to dispose off property now or wait for its inheritance for selling ?

My mother-in-law owns a flat in Mumbai and she is not currently staying there. What is less troublesome and less taxable out of these two : Selling the flat while she is alive Selling it after their ...
3
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1answer
249 views

Capital Gains Tax on sale of land

My mother had in 1995 purchased a plot in Bangalore for Rs 1 lacs. We are looking to sell land for Rs. 30,00,000/-. My mother is approx 55 - 59 years old. Please inform if we need to pay income ...
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1answer
116 views

Can stock market capital losses be used to offset income tax?

Suppose a U.S citizen made massive losses in the stock market. He draws a high salary from his day job which makes him liable to high income tax. His massive losses happens to exceed his entire year's ...
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2answers
146 views

Avoiding Capital Gains Long Term

I've been investing for a while, and have some long investments that will incur capital gains tax. It started to make me think about how to avoid getting taxed and I came up with a solution that I'm ...
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1answer
112 views

Selling a stock for gain to offset other stock loss

I experienced losses over the $3000 limit. Does it make sense to sell a stock that I made a profit on to offset the losses, and then rebuy the stock because I believe it will continue to make money? ...
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0answers
78 views

Am I eligible for capital gains exclusion if I converted home to rental property due to unforeseen circumstances?

I bought my home in December 2014 and lived in it until October 2016. Due to my mother-in-law's illness, in October 2016 we converted our property to a rental property and moved to another city to ...
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1answer
111 views

What are the taxes for trading debt/equity in India?

I'm learning about the trading process on India stock exchanges BSE/NSE. I came to know there are lots of taxes like Securities Transaction Tax (STT), Stamp Duty, Turn-over tax, GST apart from the ...
5
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1answer
234 views

Selling Gifted Stock - Capital Gains, Gift Tax, AGI/Deductions

My wife and I received a gift of $100k stock from a relative two months ago. Cost basis of the stock was $30k, purchased by that relative 5 years ago. We hope to sell the stock to use for a down ...
2
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1answer
499 views

Germany: Declaring taxes for large number of short-term trades

Assume I am using an automated system to buy and sell stocks or other regulated financial assets (bitcoins, ...) multiple times a day, each time making a small win or loss. Additionally, I am doing so ...
2
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2answers
289 views

How do I avoid double taxation of dividends and capital gains?

I'm a U.S. citizen living abroad claiming the Foreign Earned Income Exclusion (FEIE). According to https://www.americansabroad.org/us-taxes-abroad-for-dummies-update/, The exclusion applies only ...
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3answers
157 views

How to avoid paying higher taxes on stock sales

If I bought some shares of a stock over a year ago, and some within the last year, is there some way I can sell the shares I bought over a year ago without paying additional taxes? I know in the ...
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2answers
4k views

Is moving money between mutual funds, within the same fund family, a taxable event?

I want to move money between Vanguard mutual funds, say take all my money out of a Large-cap index fund and put it in a Small-cap index fund for simplicity sake. Is this a taxable event? I know it ...
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2answers
115 views

Capital Gains Taxes for Mutual Funds and Tax Bracket Implications

Assume my taxable income is within the 25% bracket, and my mutual funds have capital gains that year. Additionally, my being in the 25% bracket occurs before the capital gains are accounted for. It ...
3
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2answers
159 views

Sole proprietor: How to separate tax payments for home and business

Following the generally accepted standard that one should always keep their business and personal banking accounts separate, how can a sole proprietor make separate tax payments, when the IRS requires ...
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3answers
5k views

What is it called when you sell and reinvest to pay lower taxes?

Every year or so, I sell my investments and then immediately buy them again. I do this because I'm in a low enough tax bracket that I don't have to pay capital gains on my long term investments, so I'...
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1answer
70 views

Cost is (maybe) part of basis for two assets

I bought two pieces of real estate from an online auction site. They charged me fee for the right to participate in the auction. First question: Should I count this fee as basis for these assets? Or ...
2
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1answer
132 views

Does an inter-spouse transfer of shares reset the “book value”? (in the UK)

If one half of a married couple transfers some shares to the other half, does that somehow "reset" (for capital gains purposes) the "book cost" of those shares, or not? This might be best illustrated ...
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1answer
329 views

Does Berkshire Hathaway pay regular long-term gains or special business tax rates?

This article on The Motley Fool claims that Warren Buffett would pay 20% on a $1 billion long-term capital gain. But perhaps they mean Buffett personally rather than Berkshire Hathaway. This article ...
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2answers
329 views

Estimated Tax on Unplanned Capital Gains

I would like to sell stock valued at $X for combined long-term capital gains of around $Y. The sale would be in July. I expect the tax on the gains alone to be well over $1,000. When you're in the ...
3
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1answer
74 views

Long term capital gain tax allowance

Please consider below hypothetical example scenarios in UK. Scenario 1: Capital allowance £10,000. Stocks bought for £1000 in year 1. Stocks bought in year 1 are valued as £7000 in year 2. Stocks ...
4
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1answer
177 views

What is the tax rate for selling stocks?

I worked at a company that offered stock options as part of their compensations. I left the company in 2015, and exercised my options in December of that year. Now the company is being acquired and ...
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1answer
382 views

How does harvesting capital losses affect my Modified Adjusted Gross Income?

I invested in a capital asset which has greatly appreciated in value. I have held it over one year and am looking to sell a substantial amount. The tricky part is I do not want to sell enough to put ...
2
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2answers
3k views

Tax consequences of changing state residency?

If I move to a different state that has a different tax rate, how does that affect how my taxes are computed? For example, I live in Massachusetts which has both income taxes and capital gains taxes. ...
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1answer
439 views

Capital Gains Exemption on sale of rebuilt home

We have outgrown the home we've lived in 15 years, it is time to move on. We are exploring our different options to do so. One of the situations we are considering is tearing the place down and ...
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1answer
55 views

US Taxes - Handling Capital Losses from previous years with current capital gains

So here is my scenario, I have $10,000 short term and $12,000 long term capital losses carried from a few years ago. Right now I have $30,000 in short term gains that I have not sold yet. I am ...