MLM Passive Income

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?

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 is the short-term capital gains tax rate percentage in Montana.? How much will Federal capital gains short-term capital gains taxes go up once Obama's plans are implemented? What's the capital gains tax rate in Australia and Canada.

How can I avoid short term capital gains taxes? I purchased a property 2 years back and now I am planning to sell the old property and buy a new property in same area.Can I get tax exemption on capital gains which is a short term because I am selling the property within 2 years. Please advise If I can get tax exemption on capital gains Can someone tell me as per Indian tax rules can I get tax exemption on capital gains.

How to pay online the short term capital gains tax ? What form to be filled? I want to pay short term capital gains tax on account of gains in shares purchased / sold Please guide me, sir. Whether Securities Transaction Tax and Short Term Capital Gains Tax is one and the same?

What is the Short term Capital Gains tax rate in Wisconsin? Looking into buying and selling a home for profit (flipping). Since selling within 2 yrs, I would need to pay short term capital gains. What is that tax rate in Wisconsin?

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?

Is the tax bracket based on total of (salary + short term capital gains) or just salary? I fell in tax bracket of X last year and my salary is same today. But I have short term capital gains to file this year. So is the tax bracket X still apply for both my salary and capital gains or does it change based on the total of (salary + capital gains) amount?

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 do you avoid short term capital gains? If I sell some stocks that I just recieved from my company my understanding is that I have to pay short term capital gains. Is there any way to avoid this? Could I put the cash in some type of tax differed account or trust? The amount that I am talking about is high six to seven figure payout. Thanks

Abt the short term capital gains tax on sale of shares? I am a salaried person, but do investment in shares seldom. I had sold shares which were bought through IPO,S with in one year and earned profit of 25000, so its short term capital gain of 25000, so i have deposited advance tax of 2500 @ 10%, now i want to know if this business income of 25000 will be added in my annual income which is 2,80000/-.

Hello, I need some serious help with short-term capital gains? I'm a day trader who is making great money but just getting killed by short term capital gains. I really have been looking to establish a corporation in the Bahamas, Isle of Man, or somewhere like that so I can LEGALLY sidestep them since Bahamians pay 0% capital gains. Accountants out there, Any crafty(but legal) ideas?????Many thanks! Oh yea, i live in NC currently if that matters....thanks

How much % Tax do I pay on these short-term capital gains? I have started daytrading (from my Bar Mitzvah Money) and I am already up $1,100.. HOWEVER: -I am a university student -I have no monthly income other than stock trading -Have been living outside the US for more than 6 years I understand that my gains are considered short-term capital gains... --How much % TAX do I pay on my gains??

An income tax question regarding short-term capital gains/loss!? Let's say I sold stocks for $2000 short-term gains and $1000 short-term loss in this year. But I also have $5000 short-term loss carried over from previous years. Then how much previous short-term loss can be offset this year? Is it $3000 or $4000 (because of $1000 net short-term gains this year)?

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.

Will I have to pay short-term capital gains tax on earnings while deployed overseas? Im currently deployed in Iraq but im very active in the market right now. Im curently making some large gains in short term investments. Im i going to have to pay income tax on it or will i be exempt along with all of my primary income, the Army.

Can we deduct the annual demat maintenance charges from our Short term capital gains while calculating Tax? Can we deduct the annual demat maintenance charges from our Short term capital gains while calculating Tax. this is wrt indian IT laws

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?

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!

Correct calculation of short term capital gains on equity? while calculating short term capital gains on equity, are we allowed to deduct the following as an expense (incurred on both buy and sell side) : brokerage service tax cess STT Demat charges Other charges Thanks !

I'm 65. Can short-term capital gains inside my IRA be offset with s-t K losses outside IRA? I'm 65. I have to pay ordinary income tax on all of mine IRA distributions (all my IRA contributions were non deductible). Question is, since the distributions are all related to short-term capital gains in my self-directed IRA stock portfolio, can I offset these gains with short-term capital losses in stock investments outside the IRA, and if this is possible, what IRS forms do I use. Thanks.

Is stock held over a year, but exchanged in a merger, now subject to short term capital gains? I have had the original stock for over 2 years, but now the company is being bought. I'm wondering if I should sell before the deal is completed to avoid paying short term capital gains if I need to sell the new stock (considering that I will need to sell within a year to help with downpayment on a house).

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...

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

Do short term capital gains count as income? For instance, if my income this year was $50K (putting me into the 25% bracket when filing single), and my short term capital gains were $50K, would that bump me up to the 28% tax bracket? Or perhaps I quit my job and only trade stocks, meaning my "income" would only be the interest I make on my bank account, which would put me into the 10% bracket (easily), would that be my capital gains rate, even if I were to make $500K on my short term capital gains. Many thanks.

how to save on short term capital gains, gain is only on paper if i take into account home loan interest paid? nearly 85% of payment for the property was paid in march 2007 and the property was sold in August 2009, is indexation taken into account? Can i invest only to the tune of capital gains in land/ flat to avoid paying capital gains? is not the home loan interest taken into account while arriving at capital gains?

What percentage of YA liberals could even explain the difference between long and short term capital gains? And earned income and why capital gains are taxed at a lower rate?

Can a parent's short-term capital loss be used to offset child's capital gain if filed on the same IRS return? My son's custodial account has ~2k of short-term gains for TY07. I'm wondering if I can use a short term capital loss from my own account to offset his gain.

is short term capital gains in stock trading are invested again in buying stocks, do we need to pay tax? i am reinvesting short term capital gains in buying stocks again and again. They are around Rs.80,000 per annum. Do I need to pay short term capital gain tax for these 80K

Can I donate short term capital gains? If I bought a stock and it doubled, could I donate the stock to a charity so I wouldnt have to pay the tax on the gain? or is that rule only for long term capital gains? (securities held over 1 year) thanks I would use the selling price of the stock as a deduction

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 >....................

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?

What are the long and short term capital gains taxes for limited liability companies or partnerships? I'm interested in forming a private investment firm and am wondering what the tax consequences are.

How far in the future can Short Term Capital Gains carryovers be used? Can a year be accidentally skipped? Since $3000 is the max loss that can be claimed each year, if I forgot to claim a carryover last year for a previous year, can I just go ahead and use the carryover "credit" I have this year? Or do I need to amend last years return to reflect the credit? Please cite portion of tax code that deals with this. Thx

If I sell a % of a stock, but keep the rest longer than a year - am I subject to short term capital gains? Say I bought AAPL and sell 50% of the shares within a year, but hold the other 50% a year or longer - am I subject to the short term tax rate for the 50% that I sold?

Do day traders or forex retail traders fall under the short term capital gains tax? I have been living in California for over a year but haven't applied to vote in the state. My car is also registered in California. Does that technically make me a California resident and pay their stupid income tax rate? I was a Montana resident before.

Short Term capital gains tax on shares sold within 12 months? Please let me know if the amount received on the sale of shares held by me for less than 12 months and invested in other company shares, is still taxable? Can't I avoid tax by using the money to purchase other company shares?

Is the short-term capital gains federal tax rate the same as the tax rate for interest and dividends?

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.

Am I required to report all short-term capital gains on mutual fund stock sales? I sold some T Rowe Price Retirement Fund stock this year at a profit of just under $300. I'd held it for about 10 months. Am I required to report this profit? By the way, what is the maximum profit you can earn before you have to file Schedule D?

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.)

what is the short term capital gains tax rate? i make 70,000 per year and i am probably going to make a few thousand of stocks this year. what will i pay in taxes on the stocks? im thinking its like 30%, is that right?

Where should I pay short-term capital gains tax from Stocks? I am a salaried person. I made profits from stock trading. I wanted to know how to deposit this tax and where should I deposit this tax. My office is taking care of my salary related tax matters. Thanks & Regards,

Short Term Capital Gains in India? If you have 5 lakh of short term capital gains, what is tax due to Indian goverment? Tax due to US government? I understand that there is a tax treaty. Does anyone know if I only have to pay taxes to Indian Government or if there is a liability to US Government as well?

Short term capital Gains tax (India) for shares sold in US ? I live in India and I got some stocks listed in US from my company. The option is vested. I sold the stocks in US market. Company deducted Fringe benefit tax based on Fair Market Value (as on date of vesting). My question is how should I calculate short term capital gain and what is the tax rate?

How are short term capital gains taxed?

when will be the income tax on short term capital gains on shares deducted? will d tax b deducted at the time of selling of shares or the tax will be duducted anually?

I'm using TurboTax Premier, & after I reported a short-term capital gains my refund reduced drastically! Why? I understand I'll be taxed on capital gains, but I thought it would be at most a 28% rate. They're trying to take more than half of my short-term capital gains! I imported data from my financial institution. Taxable income 117,000. If I leave the information out about the stock sales, refund is ~$2800. After I put it in, with a net short term gain of ~2200, refund goes down to ~$1300. Something seems F'ed up. No clue. I'm thinking TurboTax is wrong big time on this one.

Query on short term capital gains? Hi, Consider a case where I buy 100 shares of company ABC at Rs. 200 each. I get 50 bonus shares and after allocation of bonus shares the share price reduces to Rs. 100. Now if I sell 80 shares at this price ie Rs 100, what will be the short term capital gain/loss? If I decide to sell the remaining 70 shares after one year, will those be completely exempt from tax?

What would be the Income Tax liability for FY 2008-09 under Short Term Capital Gains in this case specific? In the Budget Proposals for FY 2008-09 (AY 2009-10), Short Term Capital Gains Tax has been raised to 15%. If there is net taxable income of Rs. 300,000/= from Short Term Gains only for a non-senior citizen male assessee, no other income or savings, what would be the income tax liabilty for AY 2009-10? Please answer possibly with relevant provisions of the Income Tax Act or with the decided and established case laws/practice of likely similar situations earlier. Do consider that income upto Rs. 1.50 lacs are generally exempt (for non-senior citizen males) and the next slab upto Rs. 3.00 lac otherwise attracts income tax @ 10%.

What are the tax implications of short term capital gains in an IRA (reg or roth)?

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

Question on short term capital gains tax how much will i pay in taxes? ok i bought i home 4 months ago for 178k now i had it appraised after i flipped it at 255k and have to offers of roughly 248k and 249k how much taxes will i have to pay on my profit does anyone know i need to know so i can see if im better off renting it out or moving into it.

Does short term gains on stocks sold count as earned or unearned income? I know that interests and dividends are unearned income. And I know that wages, salaries and tips are earned income. But what about short term capital gains?

Can I form an LLC and use business expenses to offset my short term capital gains tax?

How can I avoid short term capital gains taxes? I make a significant potion of my yearly income from options trading. I've always wondered if it is possible to avoid or defer the costly short term capital gains taxes. I found some advice here: http://www.finweb.com/taxes/avoid-capital-gains-tax-on-stocks.html but it does not seem to apply to gains made from options investing (or else I am not clever enough to see how it does).

Short term capital gains on property? Hi, I purchased a property (vacant land, no residential or commercial buildings) one year back for Rs.1 lakh. Recently, I sold it for Rs.3 lakhs. Within one month, I again purchased another property for Rs.6 lakhs (again vacant land). Do I have to pay short-term capital gains tax on the profit of 2 lakhs?

how is short term capital gains calculated? I bought a flat in 2006 Oct(as per sale deed) for Rs. 12,16,000 and sold it for 16 lakhs in 2009 Feb,when I stopped working and could no longer pay my EMIs.What will be the % of short term gains that i have to pay?Should I pay advance tax and by when should i file my returns?

are option premiums considered to be ordinary income or short term capital gains? If it is ordinary income can it be off set by short or long term capital losses?

I am a salaried class. Can i pay the IT for the profit i made in short term capital gains directly to IT Dept.? I want to pay the income tax on my capital gains direcly to the IT dept. without disclosing to my organisation. If yes, how to calculate the tax and pay online.

Short term capital gains on Shares? I am doing share trading. 1.I want know how to calculate the profit on share trading. Wether we have deducte the chareges like STT, Brokerage, Service tax, Stamp duty or not? 2. Ways to avoid or reduce the Short term capital gain tax? 3. I heard if we reinvest the profit for more than a year, we can avoid the tax. If so we have to invest capital + profit or profit alone. 4. If we have loss, we have setoff with charges also not?

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

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?

Short term capital gains questions? Say my income for the year was only $500 and my short term capital gains was $1600. Say im only 20 and in college. Is there any chance that I wont owe any money on my taxs. Or does the capital gain get taxed no matter what?

Can SHORT term capital gains be used to offset LONG term capital gains on federal taxes?

while calculating short-term capital gains on shares, can you deduct the taxes(service tax, edu tax, turnover? While calculating short-term capital gains on shares, can you deduct the taxes(service tax, edu tax etc.), turnover charges, DP charges/minimum delivery charges, STT etc. which you paid while buying and selling shares? (of course you can deduct brokerage)

Can we Treat Security tranasaction tax as expenses ,in short term capital gains calculation?

Short-Term Capital Gains? If I have $10,000, and I make $3,000 in short-term capital gains trading securities, then I lose that $3,000, do I have to pay short-term capital gains taxes?

What is the current short-term capital gains rate and what are Obama and McCain's plans for it?

Short Term Capital Gains Rate - Michigan? I just sold an investment property I held for 4 months. I have to pay short term capail gains. Can anyone tell me what those rates are for Michingan. I beleive they are 28% for Federal. Also what forms must I fill out to pay estimated taxes for this sale to both the Fed and Michigan. Thanks!!!

What is the short term capital gain on sale of property in India after budget 2008 ? The short term capital gains tax on equity was hiked fro 10 % to 15 %. Is that 15 % applicale for sale of property also ? Or will it be treated as a part of the business income and taxed according to slabs ? Kindly clarify

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?

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.

Is there any exemption/tax to short term capital gains through shares when the total gain is below Rs.5000/.? My salary comes to Rs.1,60,000/-. Savings of about Rs.60000/-. Total STCG during the year Rs.4600/-. Is there any need to pay tax for only the STCG when the total income is below the exemption limit?

how much is the short term capital gain tax in india for selling residential properties? we r selling residential property in 2 years n simultaneously buyn another 1 wid increas in bank loan..wheather we require 2 pay the short term capital gains tax?if s how much? is there a way to avoid it..

Flat Sale : Short Term capital gains? I have taken a home loan for a flat which i am selling, for which i have pay a short term capital gains in India. Can i get a waiver for EMIs/Interest paid while calculating taxes.

What percentage will I have to pay on a short term capital gain? I am looking to flip a house and turn a net profit of up to 25000. If my taxable income before adding this short term capital gain is 50000, how do I figure out what percentage of that 25000 will be taxed?

Can't Pay Short-Term Capital Gains? What if I had $300K of short-term capital gains in 2007 which has all been lost in the market in 2008? Is there a way to reduce my 2007 tax bill since I will be showing a significant loss in 2008? Any recommendations on how best to pay this bill with money I no longer have? Thanks in advance for any advice.

Calculation of Short term capital gain tax of profit and loss making shares? If I buy shares of two different companies and sell these within a period of two months. In one case I gain and in the other case I have some loss. How to calculate short term capital gain tax? Is it the difference of the amount I overall gain?