Capital Gains
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- Using Prior Year Capital Losses to Reduce Your Taxable Income This YearCapital losses can be carried forward and used to offset capital gains and other taxable income up to $3,000 in future years until the loss is used up. The loss must be carried forward year by year whether or not it is claimed.
Understanding Capital Gains on a Home SaleSelling personal property can often result in gains that the government considers to be taxable. But do you have to report gains on the sale of your home on your tax return?- What is Capital Gain?As an individual taxpayer you may have to report your capital gains to the government on your tax return. What is capital gain? And which gains have to be reported?
- Why is the Tax on Work so Much Higher Than the Tax on Speculation?As you compute your tax payment, ponder on why we subsidize financial speculators at the expense of people who do productive work. Getting rid of this odd policy would make our economy more efficient and encourage American jobs.
How to Pay Taxes on BondsFor bonds, you will owe taxes on both interest income and realized capital gains. Realized capital gains occur when you sell your bonds off at a profit.
Short-Term Vs. Long-Term Capital Gains TaxesWith capital gains, U.S. tax code rewards long term investing. In some cases, long-term capital gains will be tax free. The difference between short and long-term capital gains relates to holding period.
How to Deduct Brokerage Commissions from Your TaxesHow to deduct brokerage commissions from your taxes. You will include brokerage commissions within cost basis and sales proceeds -- when calculating realized capital gains. You can deduct realized capital losses from your taxable income.- Could You Have a 0% Capital Gains Tax Rate?If you are in the 10% or 15% federal tax bracket, your long-term capital gains tax rate is 0%. This also applies to qualified dividends. This 0% capital gains rate has been extended for 2011 and 2012.
- Paying Capital Gains Taxes on StocksWhen paying capital gains taxes on stocks, you will include brokerage commissions within your cost basis and sales proceeds. In some cases, long-term capital gains will be tax free, for the 2010 tax year.
- How to Pay Taxes on StocksWhen trading stocks, you are generally responsible for paying taxes on capital gains and dividends. Tax law is structured to reward long-term investors. Remember, the goal is to make money, which does not always translate into the lowest tax bill.
- How to Review Your Investment PortfolioAs 2010 draws to a close, consider your investments, what you can do with your winners, and how best you can capitalize (tax-wise) on your losers.
Elimination of Preferential Tax Treatment of Capital Gains in Rhode IslandIf you pay income taxes in Rhode Island, any capital gains you have will be subject to state income tax at the regular tax rates in 2010. The preferential capital gains rates have been eliminated. Additional tax reform changes will take effect in 2011.- Why Should the Tax on Capital Gains Be Abolished?The main argument for abolishing the tax on capital gains is that such a tax discourages saving and investment. Saving and investment is not only a good thing for people, but for society.
- Take Advantage of 0% Capital Gains Tax Rate in 2010You may have a rare opportunity to sell capital assets tax free in 2010, but this opportunity ends on December 31, so start planning to take advantage of it now.
- Ways that Capital Gains Can Lower Your Tax RateThere are several strategies that you can employ in order to lower your capital gains taxes. Although there is not really much you can do, there are ways to offset realized profits from appreciated investments.
- Capital Gains ExplainedWhile you may think Wall Street is the furthest thing from your field of view, capital gains and capital gains taxes may deserve closer scrutiny from you.
- Guidelines for Choosing a Bond FundInformation to help guide investors purchasing a bond fund: Open, Closed & Exchange Traded Fund. Income from a bond fund link to the level of risk investments. Diversified bond fund limits risk & stream line of income.
- The Capital Gains Loopholes Are Beginning to ShrinkSooner or later, every American is bound to deal in real estate. There comes the question of capital gains tax. The Congress is determined to plug the loopholes in this area. How is it going to affect you? Chintamani Abhyankar explains.
- Tax Saving Strategies for Capital Gains on Rental PropertyHave you recently sold any of your rental property? Are the taxes on your capital gains are a burden for you? Are you looking for some way out to reduce these taxes and keep most of the profits you made from this transaction
- Managing the Tax Consequences of Mutual Fund InvestingOne of the trickier aspects of investing in mutual funds is understanding the tax implications of certain activity and both how and why they occur. This article discusses the consequences of such actions and how you can manage them in your portfolio.
- Determine If You Have Capital Gain or Loss from the Sale of Your HomeIf you are selling your home you need to know if you have a capital gain or loss and when you can exclude a gain.
Calculate Capital Gains on Your Investment Sales for Tax PurposesYour brokerage statement will show which investments you sold and when. This article shows you what else you need to calculate your long and short term capital gains for your tax return.- Taxes and Your InvestmentsTaxes are just one aspect of managing your investments. Ordinary dividends, interest, and short-term capital gains are taxed at your regular tax rate. Long-term capital gains are subject to special tax rates. Different strategies allow you to shelter income from taxes.
- Mutual Funds, Capital Gains and TaxesTiming the capital gains distributions (after all that bookkeeping that subtracts for capital losses and tax-loss carryforwards) is called a "tax-aware strategy".
- First Person: Lower Taxes by Donating Appreciated PropertyDon’t overlook donating appreciated property as a way to boost charitable deductions and to lower taxes. Here are seven tips for using this strategy.
- First Person: How a Capital Loss Carryover Works for Stock LossesAs tax time nears, many people will think that they have a big tax deduction in stock losses. But they may in fact only get a little and then be left with a carryover. Here's how the process works.
Tax Facts IIUntil recently, stocks given to policyholders of demutualizing companies to compensate for their ownership rights of future dividends and voting rights were fully taxable at the time of the sale. That's changed.- Investor Tax Reporting: Understanding Capital LossesWhile the hope is never to have to deal with these losses; they do happen. So get informed! Get your paperwork in order and get some help from your tax advisor.
- How to Avoid Capital Gains Taxes when Selling Your HomeThis article covers the basics regarding the IRS rules for excluding the capital gains for the sale of your main residence from your taxes.
- Calculate the Investment Basis Correctly or End Up Paying Double Tax!The calculation of basis is very important to arrive at the correct amount of capital gain or capital loss. A slight negligence can end up in over-payment of taxes.
- How Much Do I Have to Pay?Our assets are disappearing right in front of our eyes and we feel helpless while it is happening.
- Money Talks but Sends the Wrong MessageWashington DC schools has a program called Capital Gains for public school students but is there really anything to be gained by it?
- Why Should Unincorporated Clients' Incorporate Their Businesses?Here are ten reasons that illustrate the effectiveness of a corporation as a financial tool.
- Charitable Remainder Trust Tax TipsHow IRS Section 664, which created a trust designed to help charities and not-for-profit organizations, can help you.
