Questions related to the tax liability from the appreciation of assets, e.g. stocks, mutual funds, real estate.
Questions related to the tax liability from the appreciation of assets, e.g. stocks, mutual funds, real estate.
Questions tagged [capital-gains-tax]
966 questions
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What do I need to do, tax-wise, for a sudden windfall?
I had stock options in a company which was recently sold to a private investment firm. As a result, my options were converted into a single large sum ( > $100,000) and delivered via wire transfer into my banking account.
This is a staggering amount…
Sable Dreamer
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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 involved sending my coins to the 0x000.....…
DNS_Jeezus
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What are the differences between capital gains and other forms of income?
It appears that capital gains are treated differently than other forms of income. What are the differences in how capital gains are earned compared to other forms of income? How does the tax code treat capital gains? What can I do to take advantage…
JonathanReez
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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'm trying to capture as many gains as I can before…
BlackThorn
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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
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Do altcoin trades count as like-kind exchanges? (Deferred capital gains tax)
2018 EDIT: Although this post was inspirational, US Congress addressed this issue in the Tax Reform law of 2017, and any trades after Jan 1st 2018 cannot have this treatment. The few years of ambiguity from the existence of altcoins to the law…
CQM
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The Government might have seized my investment assets, how do I treat them on my tax return?
I had money invested in Russia during 2022 through the ETF FLRU. At the beginning of the year when the Russia/Ukraine conflict start the government seized a bunch of Russian assets including this ETF. Now the question is what do I do about these…
Dragon Creature
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What tax law loophole is Buffett referring to?
In a recent op-ed, Warren Buffett made a claim about investment managers:
Others own stock index futures for 10 minutes and have 60 percent of their gain taxed at 15 percent, as if they’d been long-term investors.
Now I thought capital gains…
jldugger
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3 answers
What is the tax liability on the sale of a classic car?
We have a rare classic car, bought new in 1969, for around 5K. We've recently (partially) restored the car, spending around 5K. Because of the rarity of the car, we expect it to sell for over 200K. Our adjusted gross income is less than $60,000.…
Diane
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2 answers
Can you gift someone money for purpose of investing to avoid capital gains upon inheritance?
After reading through information on capital gains tax and estate tax, I read that a heir of an investment does not have to pay capital gains on that investment. That is it's transferred free and clear as long as it's under the $11.2 million…
Travis
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2 answers
How to calculate profit of stock sale without original purchase price
I have a question about calculating profit for taxes after selling a stock, in the US. I have 20 shares of Microsoft stock that I bought a long time ago, probably in the late 80's. I have no idea what I paid for it originally. Over the years I've…
Terry
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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
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If I sell shares in the US, will I be liable to pay taxes in US?
I am a South African citizen living in South Africa who works for a large US company. As part of my compensation, I receive restricted stock units (RSUs) which my country considers to be part of my salary when they vest, at which time I pay local…
sirlark
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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
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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" and "Limit" price, and I clicked this and that, and it didn't accept the…
nonopolarity
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