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Results tagged with Search options answers only user 2998

This tag is to be used for any question related to gain due to appreciation of capital. Typcially Capital gains are treated differently based on the geography and hence a country tag should ideally be used with this.

6
votes
The default is FIFO: first in - first out. Unless you specifically instruct the brokerage otherwise, they'll report that the lot you've sold is of Jan 5, 2011. Note, that before 2011, they didn't have …
answered Apr 1 '12 by littleadv
4
votes
The check is written to BigCo. Jack is being diluted, corporation issues more shares. There's no gain, no change in Jack's equity value. Jack didn't lose or win anything. BigCo was worth $1M before th …
answered Jun 17 '16 by littleadv
7
votes
Generally it is advisable to mention what country you're asking about, as tax laws differ. To the best of my knowledge, however, this particular issue is handled consistently in every tax jurisdictio …
answered Dec 3 '13 by littleadv
1
vote
My tax preparing agent is suggesting that since the stock brokers in India does not have any US state ITINS, it becomes complicated to file that income along with US taxes Why? Nothing to do …
answered Mar 8 '15 by littleadv
7
votes
You only report the bottom line on your form 1040 (it goes to line 13/14). All the calculations are done on Schedule D/Form 4797. So the order doesn't matter, and it is "above the line" - the net res …
answered Nov 5 '13 by littleadv
5
votes
No. $1M income already puts you in the highest income tax bracket, so your capital gains tax would also be the highest + medicare. While the capital gains are taxed at special rates, they do affect …
answered Apr 24 '15 by littleadv
0
votes
If this activity were to generate let's say 100K of profit, and the other corporate activities also generate 100K of revenue, are there any issues tax-wise I need to be concerned about? Yes. …
answered Jan 11 '16 by littleadv
4
votes
I think you're stretching this a bit too far. You can only claim an exclusion for one house every 2 years. See here: You did not claim any exclusion for the sale of a home that occurred durin …
answered Feb 23 '16 by littleadv
6
votes
You're talking about NQO - non-qualified stock options. Even assuming the whole scheme is going to work, the way NQO are taxed is that the difference between the fair market value and the strike pric …
answered Mar 26 '15 by littleadv
4
votes
Yes, it is, but first let me address this sentence: my current withholding on my W4 is already at 0 so I can't make it lower You definitely can make it lower. On W4, in addition to the allowan …
answered Jan 18 '14 by littleadv
1
vote
So would the IRS be looking for a declared income of $US15,198? Yes. Would it be interest, or capital gains, or some other category of income? Capital gains. This is akin to bonds paying di …
answered Jan 14 '15 by littleadv
0
votes
It matters because that is the requirement for the 83(b) selection to be valid. Since the context is 83(b) election, I assume you got stocks/options as compensation and didn't pay for them the FMV, th …
answered Feb 10 '14 by littleadv
2
votes
The tax is on the sale of the investment, it doesn't really matter why you sell it. So yes, the standard tax rates would apply. You might want to get the bank to "forgive" you the loan, and then it wo …
answered Aug 22 '12 by littleadv
8
votes
In the US you specify explicitly what stocks you're selling. Brokers now are required to keep track of cost basis and report it to the IRS on the 1099-B, so you have to tell the broker which position …
answered May 14 '13 by littleadv
1
vote
If a business owner works for no salary, put time and effort into the business, can those hours be considered a capital investment? No.
answered Oct 12 '15 by littleadv

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