MLM Passive Income
Long Term Capital Gains Knowledge Base
Does a long term capital loss help offset short term capital gains for reducing taxes? I will have short term capital gains this year from stocks I've bought and sold. I have some stocks I've held long term and could sell for a loss. I have no long term capital gains for this year. I know that federal short term capital gains are taxed as income at about 28% and long term taxed at about 18%. 1) Will selling these long term stock at a loss help to lower the my federal taxation on my short term capital gains? 2) Will each dollar of long term losses reduce my federal short term gains to be taxed by dollar for dollar?
what is considered short and long term capital gains for stock? if i make some nice profit on a stock and sell it in about 6 months..is that considered a short term gain or a long term gain? im in nyc and in the 33% tax bracket. how much taxes i need to pay for capital gains? thx in advance.
How will my long and short-term capital gains be taxed? Using round figures, my regular job income will be $75,000 and I will also have long-term capital gains of $1,000,000 and short-term gains of $5,000,000. (A rare opportunity I was blessed with.) I think long-term will be taxed at 15%. Do I add short-term gains to my salary to determine my marginal tax rate? Or does my salary alone define my marginal rate? I WILL seek professional advice, but I am on travel for a few months and would like to know what to expect.
What's the difference between short and long term capital gains? To be more specific, how are they taxed differently? On Schedule D it has you list the short and long term gains separately, but then on line 16 it has you combine the two and enter your gain or loss as a lump sum on your 1040. My question is, if you combine the short and long term gain or loss into one lump sum, how can the two be taxed at different rates?
How do you determine short or long term capital gains on $ invested before a company was listed on the market? I invested in a company and my $ was put in a trust. Once listed on the public stock market I was issued a stock certificate. When I sell the stock, will short term or long term gains be determined from the time I originally invested in the company or from the time the stock went public?
I have a tax question about offsetting long term capital gains and long term losses? Let's say I carried an excess loss of $2,000 from 2005 into 2006. In 2006 I have an additional loss of $8,000 (no gains) making it a total loss of $10,000. In 2008 I have a $20,000 long term gain but no additional losses. For 2008 I can now deduct $3000 in losses but carry $7000 in losses into 2009. Now I have no gains in 2009. What happens to my carried over losses. Do I get a tax refund for an additional loss of $3000 in 2009 and 2010 and for $1000 in 2011 until all my losses are set off? Thanks!
What is the tax on long term capital gains ? If a resident of India holds shares that are traded in USA, and by selling these shares, long term capital gain may be made. In this case is there any tax applicable in India(since the money earned may be transferred back to india)? If so what is the current long term capital gains tax?
Are my recent dividend reinvestments taxed at the short term or long term capital gains tax rate? I have a regular brokerage account (not tax deferred). I bought a mutual fund a number of years ago, and over the years the dividends have been reinvested in the same fund. This year, I was advised to rebalance my portfolio, so I sold all of this mutual fund. Unfortunately, the last dividend reinvestments were within the last year. So the question is, does this reinvestment cause my entire mutual fund sale to be taxed at the long-term or the short-term capital gains tax rate? Or is the recent reinvestment portion short term and everything else long term? If so, what do I use for the tax basis for all of that? It's not the dividends I am asking about. It is the reinvestments of them. When I sold the mutual fund, all of the fund, including the reinvestments got sold. The question is, are each of the small little reinvestments taxed separately, or in one big lump?
How does NYC treat long term capital gains for stocks? I live in NYC so I get taxed at the state and city level. I know for the federal government the long term capital gains tax is 15% for my tax bracket. Does NYC just treat long and short term capital gains as regular income?
How are long-term Capital Gains treated for year 2006? Im trying to fill out tax return for year 2006, but Im having trouble handling long-term capital gain. If i report full amount of long-term capital gain on line 13 of the 1040 tax return, I will be on high tax bracket. I heard that long-term capital gains are treated differently based on which tax bracket your taxable income is on. Do i include capital gain on adjusted gross income to arrive at taxable income so i can determine which tax bracket i am on or do i calculate taxable income without including capital gain to determine which tax bracket i am on so i can handle capital gain favorably if i am on low tax bracket?
Can I use my long term capital gain losses to offset my short term gains? I have about 5,000 in losses on long term stock holdings that I recently sold. I have also recently sold a stock for 2,000 in profit short term gains though. So can I offset these gains with the 5,000 in losses? Then I should have 3,000 left over in losses that I can deduct from my AGI, right? Thanks!
how much i have to pay for short and long term capital gains in stock? im in nyc and in the 33% tax bracket. so what is the rate for me in the short and long term capital gains for stocks? thx in advance.
Taxes on long term capital gains for houses? I bought a rental in 1999. Sold it in Dec 2003 and did 1031 exchange for another property in Jan 2004. Sold the property in Apr 2005 for a gain. Will the gain be 15% long term capital gains?
Where on the 2009 tax forms does it show I pay only 15% on long term capital gains? In doing my taxes, it looks like my long term capital gains get added to my income and taxed as for my income bracket. Am I missing something? Where on the forms am I only taxed at 15% on long term capital gains?
Which schedule of ITR-2 to use for showing short and long term capital gains from sale of Gold ETF ? Which schedule of ITR-2 to use for showing short and long term capital gains from sale of Gold ETF ? A6 for short term gain... What about long term ?
Shemes for saving long term Capital gains tax? I have sold a house jointly owned by me and my wife. How do we save the tax on the long term capital gains ?
Must I pay New York State taxes on my long-term capital gains? I thought long-term capital gains on stock sales were taxed at the 15% rate, all of which went to the federal government? But does New York State get a cut of my gains too!? And how much do they take? Let's say I had a long-term capital gain of $100,000--what would my total (federal+state) tax liability be (roughly)? Thx.
A person has sold house property resulting in long term capital gains. The person is already the owner of? another house property. Can the person in question invest the long term capital gains in buying two house properties so as to avoid long term capital gains tax.
What percentage of liberals know that only long term capital gains are taxed at 15% and that short term gains? Are taxed as regular income? Long term means an investment held over one year. Yes Pam my point is you are an idiot.
Can any portion of short term capital gains be used to offset long term capital losses? I have short term cap gains and long term cap losses that roughly equal each other. I know that same-term realized sell activity can offset, but what about short vs. long? Thanks for your help in advance.
Short term vs long term capital gains taxes? I've just recently inherited a significant amount of cash that has been in mutual funds since 2007. The ownership is now transfering from my parents trust to us. I intend to start taking some distributions against this account and am wondering if we would qualify for long-term gain tax rates or if it would be short-term because we've personally held the funds for less then a year?
Long term capital gains taxes question on owning stocks? If i bought 1 share of a stock lets say a year ago and last month i bought 199 shares of that same stock on the day of the US credit rating drop and currently still own the stock, would it be considered that i own this stock for a long term period today and if i sold it now would i pay long term capital gains taxes or since i bought majority of shares recently would it be considered short term?
Long Term Capital gains Tax calculation for leased land? I had a land allotted to me by Govt of India on lease in 1975. I had the house constructed in 1983. Got it freehold in 1999 and sold it in 2008. Question: To calculate the Long term capital gains, can I use the market value of land in 1981 (using land evaluators) even if it was on lease ? If not, appreciate if someone can help me calculate the tax ?
Long term capital gains rate for Nebraska? Can anyone tell me at what rate Nebraska state taxes long-term capital gains. This is for stock that has been held in excess of one year.
How long do I have to hold a stock in order to qualify for the lower long term capital gains tax rate? I have a large portfolio of stocks that I bought several months ago and I have huge profits on paper. If I sell now, I will have to pay a 28% cap gains tax on it, so I am wondering how long I should hold these stocks in order to qualify for the much lower long term cap gains tax rate. Thanks for your help.
Why are liberals so against having a different tax rate for long term capital gains? Short term capital gains are taxed as regular income. Why do liberals want to punish investment in America that all of us benefit from? Why do they think the middle class get no benefits from a lower capital gains tax? G: so you are saying that middle class people dont have 401k's etc?
1040 short term versus long term capital gains? I understand that a long-term capital gain is generally a capital gain where you held the stock for a year or longer. Question is - if you buy say 50 units of a stock on January 1, 2008 and 50 more on January 1, 2009 and you sell 40 in 2009, how do you determine which shares you sold for the 1 year test? First in first out?
What is AMT? Do i have to pay AMT on my long term capital gains and my income? My long term capital gain tax is 15%.(~$750000) My income tax rate is 35%.(~$500000) I live in Texas.
Q regarding: long term capital gains taxes open to view & please help? Are long term capital gains taxes on the sale of a primary residence pro-rated or is it the full percentage?
What's wrong with having a tax rate on long term capital gains that is lower than earned income? Short term capital gains are already taxed at the same rate as earned income.
How to avoid long term capital gains tax? I, my sister and my mom are legal heirs of my late fathers property worth 75 lakhs in chennai. If we sell it do all 3 of us have to invest 25 lakhs each in a new property to avoid tax? can we buy 2 flats worth 37.5 lakhs each for myself and my sister and use my mom as joint property owner in both the flats to avoid paying capital gains tax?
My current tax rate is 14%. Does it really mean my short term capital gains tax is LOWER than long term?..? My tax rate is 14%. It seems like, by definition, the short term capital gains tax equals my current rate, while the long term capital gains tax is (always?) 15%. Is it really more advantageous for me, stock situation permitting, to sell at short term?.. Seems weird...
Whats wrong with having a lower tax rate on long term capital gains? Rich people aren't the only ones that have capital gains. Why does it bug liberals so much that people are taxed differently than regular income? Monkey: What argument? I was just asking the question & I could make a real argument in favor of the lower rate but I didn't & your imagination has gone wild.
USA taxes: Does long term capital gains affect your tax bracket for that year? Or is your tax bracket calculated prior to these gains? What about short term capital gains?
Taxes: Long-term and short-term capital gains and losses? Phil has the following long-term capital gains and losses for 2010: $35,000 28% gain, $13,000 28% loss, $18,000 25% gain, and $34,000 0%/15% gain. He also has a $23,000 short-term loss and a $5,000 short-term gain. What is Phil's AGI from these transactions, and if he has a net long-term capital gain, what is its makeup in terms of the alternative tax rates?
Long and short-term capital gains tax? I'm trying to understand this; Do you pay more tax on short term capital gains than long term gains? Can someone explain this to me? thanks
Whats wrong with having a lower tax rate on long term capital gains than earned income? What risks are wage earners taking? Investors have no guarantee they will even get their money back let alone make a profit. This country needs more people investing in businesses long term not less.
How is long term capital gains calculated on sale of property for IT purposes? Property purchased 2005, sale in 2008. How is the capital gain i.e. indexing value calculated?
What is the tax rate for long term capital gains? And the tax rate for short term? I have a few investments over a year old, and want to know how much taxes I'll have to pay if I close out of these investments. I also want to know how much I'll have to pay on a few short term. Please let me know the tax percentages. If this matters, I'm based in New York. Please include references.
Long-term capital gains treatment serves as encouragement for investors to buy what? Long-term capital gains treatment serves as encouragement for investors to buy a. high yield stocks b. municipal bonds c. U.S. government bonds d. growth stocks
Which has the least tax?. Income from CDs, Short term capital gains, Long term capital gains? What has the least tax?. Income from CDs, Short term capital gains, Long term capital gains Married filing jointly. Annual household < $110,000
If my federal income tax rate is 15% this year, what is the tax rate on my long term capital gains? And what is my short term capital gains tax rate? Different web sites are giving me different rates.
What is wrong with taxing long term capital gains at a lower rate than regular income? Don't we want to encourage investment? No emotional jealousy filled responses please.
How to save tax on long term capital gains? Is it possible to spend a part on miscellaneous expenditure after investing in another residential property? India.
Are long-term capital gains taxed as income in addition to the mandated 15% capital gains tax? Let's say I bought 500 shares of stock at $10.00 ea ($5,000) 10 years ago and sell them today for $25.00 ea ($12,500). My net capital gain would be $7500.00 which would be taxed the mandatory 15% capital gains tax. My question is: Would the $7500 be added to my total income to be taxed there as well?
Do I need to pay US capital gains on long term capital gains in sale of India mutual funds (tax free in India) I own mutual funds in India, and sold them for long term profit. These long term capital gains are tax free in India. Am I required to pay US capital gains taxes on it? I am a green card holder but Indian citizen living in the US
Tax Question: Long term capital gains and AGI? Ok, I know that long term capital gains are taxed at different rates than ordinary income. But I'm wondering how the mechanism actually works, since they are part of the AGI. How do you get to you tax liability? Simpified example: Say your ordinary income is 50,000 (ignoring all deductions, exemptions, etc..). In addition, you have 10,000 of capital gains. So you go through the calculation, do you get an AGI of 60,000? But then do you separate the two amounts again and apply different tax rates to them?
Why do so many liberals think having a different tax rate for long term capital gains is so evil? Don't they ever invest or have any family members that invest? Or are they just brainwashed by Obama's class warfare rhetoric? AND why do they claim most Americans pay 35% in federal taxes?? That is the very top tax rate and only a small percentage pay that.
Say I invest monthly, and after 24 months I sell off half. Is it long or short term capital gains tax? (USA)? Basically, you have a bucket of shares at various "ages" (in terms of how long ago they were bought). When you sell off shares from this bucket, do you decide short-term capital gains tax vs. long-term capital gains tax based on your "youngest" shares or your "oldest" shares? (Of course, assuming that you have a net gain from the investments.)
obama... How much do you think short and long term capital gains will go up? Has anyone heard? I buy, rent and build properties. At the moment if I hold the property for a year the gains tax is 15% when I sell, has anyone heard Obamas view on this. Don't answer if you are a typical commoner on yahoo answers.
Why do liberals have such a hard time telling the difference between earned income & long term capital gains? And why they are taxed at different rates?
Why does it upset liberals so much that long term capital gains are taxed at a lower rate? Isn't there a reason they are taxed at a lower rate besides just letting "rich" people keep more of their money? Don't liberals ever invest so they can get in on the same thing too? Forget war: You always say the same thing and ignore your fellow liberals answers which say exactly what I claimed they say
What's wrong with having a lower tax rate for long term capital gains? And why do you think it is a lower rate? Right wing conspiracy or to stimulate the economy?
Why do liberals think its unfair to have a lower tax rate for long term capital gains? When the people that invest have no guarantee they wont lose every cent of their investment let alone make a taxable profit? What risks are people earning wages taking? Bruce: If you lose your money its gone tax deduction or not.
Tax on long term capital gains (Mutual Funds) in India? Hello, Is there any tax on the long term capital gains on Mutual Funds in India? I have been holding mutual funds for more than 12 months and is the gain in MF taxable in India? Do I need to file tax returns if this is the only income for the current year? Please advice. Thanks
Is the surrender value of whole life insurance taxable as normal income or as long term capital gains? My insurance company has told me that over $6000 of the value will be taxable. I've had the policy for 20+ yrs and am hoping that the $6k is taxed at the LOWER long term capital gains rate - not as normal income, which is almost twice as much.
tax rate for long term capital gains? what is the tax rate for long term capital gains and that for short term capital gains?
Why are so many liberals against a lower tax rate for long term capital gains? scooterpoop: Whoever told you that is wrong. Sadcat: The guy earning $100k benefits from the lower rate on his investments as well. You forgot to mention that there is the possibility of losing the entire amount invested. A regular employee is not taking that risk.
Why are so many liberals against having long term capital gains taxed at a lower rate then regular income? then = than People are at risk of losing all of thier money when they invest, what is a guy punching the clock risking?
How do I calculate tax on long term capital gains? I've seen conflicting answers. Some sources say I claim the gains as regular income and pay taxes accordingly. Other sources say I pay at the rate for long term capital gains, which is lower. Let's say, for example, I made $150,000 in long-term gains on the stock market and lost $30,000 in short-term gains. That would give me a net gain of $120,000. If this were my only income for the year, how much would I pay, and how would I calculate it? I reside in IL, if that makes any difference.
Long term capital gains in IRA? Are there any tax implications to capital gains (long or short) within an IRA? I believe that IRA distributions are taxed as ordinary income, so what is the purpose for the IRA custodian to maintain capital gains history? Am I missing some understanding about capital gains within an IRA?
Can short-term loss be used to offset long term gains? For US Taxes: I've got a stock I've held less than a year that I'm thinking about dumping. I've also got some realized long terms capital gains this year. If I sell the stock this year, can I use the short term loss to offset either regular income or the capital gains? I'll be in the 25% bracket. Would it be wise to do so?
What is the current long term capital gains tax for stocks? Thanks for any info
what is the liklihood that long term capital gains will go up in 2008? Should i realize the gain in 2007 or 2008? can congress raise this tax rate in 2008? if it happens in late 2008 can they make it retroactive to early 2008? it is currently 15% what rate could it go up to in 2008? this would be the U.S. tax rate. thanks!!
Which schedule of ITR-2 to use for showing long term capital gains from sale of Gold ETF? I sold some Gold ETF after holding it over a year. This was traded on the stock exchange but no STT was charged, so it will be long term capital gains. I want to claim at rate of 10% without indexation. I want to know whether to fill in schedule CG (section 112(1) applicable) of ITR2 or should I fill in schedule SI i.e. tax at special rates?
Long Term Capital Gains and Home Loan payment? If I repay a home loan taken more than 3 years ago with the money I get by selling an ancestral house will I still have to pay Long Term Capital Gains Tax on the money I repaid for Home Loan ? Ex. I have a Home Loan of Rs 12 Lakhs taken in 2005. I sell an ancestral house today for 15 Lakhs and repay the Home Loan. Do I have to pay Long term capital gains tax on Rs 15 Lakhs or Rs 3 Lakhs.
Can i off- set short term capital loss on debt FMs against Long Term gain on sale of equity shares? I sold equity shares last year incurring long time capital gain. I also redeemed some debt mutual funds incurring short term capital loss. Can I offset short term loss on debt MFs against Long Term gain on sale of equity shares?
what are the long term capital gains tax saving schemes available today 13 feb 2009? this is for sale of property.
Any upper ceiling in investing in bonds to avoid long term capital gains with regard to sale of house property? I want to invest the entire sale proceeds of my apartment in India
Can Short Term Capital Loss Be Adjusted First With Long Term Gains Instead Of Short Term Capital Gains? Can Short Term Capital Loss Be Adjusted First With Long Term Gains Instead Of Short Term Capital Gains? Justify your answer >....................
Short term vs long term capital gains? If I sell a stock for a long gain and another for a short gain can I offset both gains with a short loss for tax purposes?
can i take short term capital gain against long term capital loss? I have short term gain of $2000 and long term carried over loss of $10,000. Instead of paying capital gain tax on $2000. Can I use my long term loss to equate the short term gain. Do I need to do any thing special while completing the taxes? Please advice
How do I qualify for the 5% long term capital gain rate? I am trying to do some tax planning prior to selling a stock I have held for a long time (over 5 years). From my understanding, long term capital gains are taxed at 15% rate unless your taxable income would otherwise put you into a lower tax bracket, in which the long term rate is then 5%. Is the gain from the sale of the tax part of the taxable income? I have a very small annual income of about $20,000, but when I sell the stock, I will have a gain of about $500,000. Will it be taxed at 15% rate or due to my low income, will it be taxed at 5%? And if I wait until 2008 (maybe 2009) will it be taxed at 0%? The tax laws are very confusing in this area. Please help me out.
How do I figure my tax bracket for long term capital gain? I'm trying to figure out if my long term capital gain is taxed at 5% or 15%. Do I include the gain into my gross income? If I include the gain in my gross income I'd be in the 25% bracket and have to pay 15% on the gain, but if I don't include the gain in my gross income I'd be in15% bracket and pay 5% on the gain. It seems I should figure out what bracket I'm in without including the gain to figure out what I should pay on the gain. Otherwise I'd be paying captial gains tax and regular income tax on the gain.
What is the CII for the FY 2009-10 for Calculating Long Term Capital Gains Tax? In respect of Sale of Property in India.
How much tax one has to pay on the long term capital gain in USA? I have been holding a companies stock for past 1 year. Can somebody tell me whether it qualifies for long term investment and how much % I need to pay as tax on this long term gain
What is the long term capital gains tax rate....? for a federal income tax rate of 15% in the US?
2006 tax filing - capital gain reported as short term instead of long term? In 2006 I had $10,000 in long term capital gains, but it was reported as a short term capital gain. My federal taxes ended up being in the area of $1200. Had the capital gain been reported correctly, what would the difference be? Is there a way to fix this mistake?
can you report long term capital gains from 1099-b on Free turbo tax? I can't fiqure out how to add this on the fed free edition ?
Long term Capital gains on selling a residential site and investing all the gains in many residential sites.? Hello, I had purchased a residentail site in 2001 for Rs 5 lakhs and sold the same two months back for Rs30 lakhs. I reinvested the complete proceedings in two residential sites of Rs 15 lakhs each. Since I invested all my gains in the residential sites can I get capital gains rebate or I can claim rebate for purchase of only one residential site. Please clarify. Thanks Manjunath
How much is the tax on Long term capital gain in India? How much is the tax on Long term capital gain (especially gain from mutual funds)? Is there any way to minimize this tax?
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