Personal Finance & Money Stack Exchange
Personal Finance & Money Stack Exchange

Questions tagged [capital-gain]

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.

303 questions
38
votes
2 answers

How are long-term capital gains taxed if the gain pushes income into a new tax bracket?

First, my understanding is that the long-term capital gains tax rate is 0% for those whose marginal rate on ordinary income is 10% or 15%, and (ignoring the highest 39.6% bracket) the rate is 15% for everyone else. (See this IRS publication and this…
Lee Hachadoorian
  • 512
  • 1
  • 4
  • 8
34
votes
1 answer

When I sell only a portion of my shares of a stock, which shares actually get sold

Two years ago, I bought 100 shares of XYZ. Yesterday, I bought another 100 shares of XYZ. Today, I sold 100 shares of XYZ. Which 100 shares did I actually sell? If it were the 100 shares from 2 years ago, then that contributes to my long term…
Bear Bile Farming is Torture
  • 938
  • 7
  • 15
16
votes
4 answers

Do I have to pay capital gains tax if proceeds were immediately used for another investment?

Let's suppose one sells an asset for a $200,000 profit after holding it for 10 year but then immediately sinks the entire sale price into another asset. Is one still expected to pay the capital gains tax? What cash is one expected to pay the taxes…
Jimmy Choo
  • 177
  • 1
  • 3
15
votes
3 answers

Determining current value for real estate for inheritance purposes

It's my understanding that when someone dies the person who inherits their property has the value of that property reset for capital gains purposes. That is, if the property was purchased for $10,000 and now has a value of $1,000,000 that the…
neubert
  • 3,872
  • 7
  • 29
  • 48
15
votes
3 answers

Are there capital gains taxes or dividend taxes if I invest in the U.S. stock market from outside of the country?

Recently, I invested in some stock in the U.S. stock market. I was wondering: Whether there are capital gains taxes if I sell stock? Do they take account into my foreign exchange loss? Are there any dividend taxes for my received…
Cheok Yan Cheng
  • 1,091
  • 3
  • 13
  • 21
14
votes
2 answers

How to account for Capital Gains (Losses) in double-entry accounting?

After taking an introductory financial accounting class, I decided to use GnuCash to keep track of my personal finances. I have 5 major accounts in my general ledger: Equity Currently only used to record opening balances for other…
William Breathitt Gray
  • 379
  • 2
  • 4
  • 14
13
votes
2 answers

how do capital gains work if you don't know the original purchase price?

So let's say my grandparents bought me 1,000 shares of some stock. They used the wrong address, however, and I never knew about it until after they died. The state got the stock and then, a bunch of years after I guess it was purchased, I found out…
neubert
  • 3,872
  • 7
  • 29
  • 48
12
votes
2 answers

Treatment of web domain ownership & reselling for tax purposes: Capital asset, or not?

I run a web publishing business. I buy a large number of domains — and occasionally sell one, although not frequently. Some domains are developed into websites, which bring in advertising revenue, while others are "parked," and yet others are on…
Dave
  • 221
  • 2
  • 6
12
votes
3 answers

If I sell my house, will I have to pay taxes on the profit?

I am in the United States, in Colorado. I purchased a house in July of 2013. It was in poor condition, so I spent the first two months repairing things before moving in. Now, 11 months after moving in, I'm ready for a change. Here's the plan. …
philipthegreat
  • 278
  • 1
  • 3
  • 7
12
votes
3 answers

ETF vs Mutual Fund: How to decide which to use for investing in a popular index?

How do you decide between investing in an ETF, vs. in a mutual fund, for the popular stock indexes? Trading costs, tax efficiency, capital gains?
rjdevereux
  • 443
  • 2
  • 11
12
votes
3 answers

Can you step up your cost basis indefinitely via the 0% capital gains rate?

I had asked a previous question about moving money between mutual funds without taxation due to the 0% capital gains rate for those in low tax brackets. However, I realized that this 0% rate actually allows much more than that. It allows you to…
BrenBarn
  • 24,042
  • 6
  • 61
  • 82
11
votes
2 answers

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 declared and today was the ex-dividend date. I am…
partyphysics
  • 723
  • 4
  • 14
11
votes
1 answer

What should I use as the cost basis for stock that was purchased before becoming a US resident?

I held some stock in Australia for 14 years and 4 months that has enjoyed some healthy long term capital gains in that time. Recently I became a US Resident for Tax Purposes under the Substantial Presence Test (before this I have never been a US…
William
  • 213
  • 1
  • 6
11
votes
2 answers

ESPP strategy - Sell right away or hold?

I participate in my company's ESPP. Unlike most ESPPs, ours purchases shares on a MONTHLY basis, the price being the average on the last day of the month. A dollar contribution is taken out of each paycheck (semi-monthly) and used for these monthly…
Dave S
  • 111
  • 1
  • 3
11
votes
4 answers

One-time estimated tax payment for windfall

I recently sold an investment that has generated a capital gain that is a substantial fraction of my 2020 income. My brokerage did not withhold tax (I think that is normal), but I am now materially underpaying my federal income tax for 2020 (ignore…
user217285
  • 213
  • 2
  • 5
1
2 3
…
20 21