MLM Passive Income

Capital Gains? If a person holds a first mortgage on the sale of an investment property, then how does the State or Federal Goverment for that matter assess the capital gains rule for payment purposes? I realize the initial amount and any improvements is deducted but I'm refereing to any amounts of profit subject to the capital gain law. Thanks for any help you can provide

capital gains? when selling business how much capital gains do you pay

Capital gains? If I sell my house and land with opp seperately, but selling at the same time, how much will I have to pay on capital gains tax?

How is capital gains tax calculated when the house is sold in foreclosure? I've two rental condos foreclosing in a few months. One of them should have a capital gains exemption because I used to live in it and moved out of it in July of 2006. My questions: 1) what is the percentage used in calculating capital gains tax on rental homes foreclosed? 2) I might have to file for bankruptcy also in the next few month. Will a bankruptcy discharge cancel the capital gains tax? 3) What records do I need to give to the IRS next year? Thanks so much.

How do capital gains and dividend taxes work? Assume you own a stock mutual fund or ETF in a taxable brokerage account for 10 years. Do you have to pay capital gains and dividend taxes every year you own it, even if you didn't sell any shares during the year? Or do you only pay the capital gains and dividend taxes after you sell in year 10? Or do you pay dividend taxes every year (assuming you reinvest the dividends in your ETF every year), but only pay capital gains taxes after you sell in year 10? Assume you're in the 25% tax bracket.

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 do capital gains help the growth of a mutual fund? I see that my fund has long term capital gains and short term capital gains. Is that money that gets reinvested into the fund? Is it like a dividend?

How much Capital Gains taxes do I have to pay on a Municipal Bond Fund when I sell it? I have a few CD's that pay me a small amount of interest each year. I report this on my income tax as interest income. I am told if I invest my money in a Municipal Bond Fund I will not be taxed the same rate as interest income because this will be capital gains. What percent will I have to pay on capital gains on my income tax? What percentage is Social Security taxed at? What about pension income? What percent?

Capital Gains from Mutual Funds - Can I apply them to a new home? I am purchasing my first home and need to sell several of my mutual funds for the down payment. Unfortunately, I am going to take a big hit when I have to pay the capital gains tax from the sale of the mutual funds. Is there any way that I can apply these capital gains towards the down payment of the new house to decrease my taxes? If not, are there any other suggestions to decrease my capital gains tax? Frankly, having my mutual funds do well enough to require capital gains tax is not a bad problem to have. It means they have done well over the past few years. I just want to know if I can do anything to improve my tax situation.

Is there a capital gains exemption in the US like in Canada if you sell a company? I've been working in the US for a few years and paying US taxes. I have equity in a Canadian firm that maybe sold, potentially resulting in a large capital gain. In Canada there is a 500k lifetime capital gains tax exemption. Is there anything similar to this in the US? Being a Canadian citizen is there anyway to leverage that Cdn tax exemption? Thanks for your help.

Do I need to pay capital gains on a property bought and sold in a company? If I were to purchase a property within a corporation ( llc, c corp, or s corp), and then sell the property in less than a year (flip it), then put the gain toward fixing up another property in the corporation, showing no net profit, do I still need to pay capital gain tax on the sale? My understanding is that with a corporation, you pay taxes on your net gain after your expenses. Does this rule also apply to taxation on capital gains?

How do capital gains work on stock that was given to you? I had a life insurance policy and the company went public and gave its policy holders shares of stock in 2001. I just sold the stock and am wondering what I will pay in capital gains? Will I pay on the entire amount? Or on the gains from 2001 until today?

How do you estimate what your capital gains tax would be on investment property? This is a difficult situation. We own a piece of undeveloped land in FL and are considering selling to put a down payment on a house in CA. We have owned it for about 14 years. My husband is military and a FL resident. We currently are stationed in CA and I am a CA resident. The land is a joint tenancy. FL doesn't have a capital gains tax, but CA does. So I am guessing that we have to split the gain 50/50 and have 50% taxed by the state of CA. We are trying to use an online capital gains tax calculator to figure how much we will have to pay. We had an assesment to pave the street. Would that be an improvement cost? Also, the state bought a small portion to widen a highway. Would the money they paid us be deducted from the basis? How do you come up with the depreciation? My property value has went up (according to the county assessment). How do you figure out what the tax rate is on the gain? I know this is tough one, but I appreciate all the help.

If we raise Capital Gains taxes would it monopolize investing solely for the rich? There are 3 facts that I find interesting about capital gains 1st, the rich pay the vast majority of the capital gain taxes seeing as they invest the most. The rich also can easily afford to pay higher capital gains taxes. 2nd, the middle class make up the majority of the remaining capital gains seeing as they invest for retirement. They can't afford to pay higher capital gains taxes on their investments. 3rd, since there is no way to distinguish who is rich and who is poor when it comes to taxing capital gains, If we raise capital gains taxes the rich will do fine, while the middle class will suffer.

What are capital assets? How are the gains and losses from the disposition of capital assets taxed? Why are capital assets treated differently from ordinary assets? Is this treatment beneficial or not? Explain the netting process for capital gains. On what form are these transactions reported in the tax return? Are there any carry forward or carry back provisions?

Is it necessary to have capital gains to offset a stock loss? Can you claim a stock loss WITHOUT capital gains? I will have no capital gains in 2008 (that I foresee). I do have a loss from a stock sale which I lost $3,000. Can I still write it off as a loss?

How much capital gains tax do Canadians have to pay if selling foreign property? I own property in Belize and am thinking of selling it. Does anybody know approximently how much capital gains tax would be (percentage wise) My place of residence is in Canada. Thank you kindly for your assistance.

How does capital gains tax work on rental home sales? What is the percent in FL state? we own a duplex in Fl.we lived in one half for 6 years then turned both sides into rentals. We now need to sell to stave off bankruptcy. How do we calculate the capital gains tax?

How are capital gains taxed on my stock investments? Let's say I bought and sold a number of stocks in the year 2010 (no other years). And say that overall I made about $20,000 in realized gains, but also sustained about $20,000 in realized losses. Do I have to pay capital gains taxes on the $20,000 in realized gains even though I also suffered $20,000 in realized losses? Or are my gains offset by my losses and is there a limit on this offset amount?

How does capital gains tax work on a home lived in less than 2 years? I Plan to sell a home before it has been lived in less than 2 years. Anticipated profit is $50K. How does capital gains tax apply to this?

How much capital gains taxes will I owe under these special circumstances? I need help. I've done tons of research but neet to know if anyone can point to to a definite answer. I spent 17 months building a house only to find out 2 weeks before closing on it that my husband was being let go from his job. He works in a highly specialized feild and we had to move to another state to find work for him. Needless to say we sold put the house up for asle the same day we closed on it. We bought it for 398k and since it too 17 mos to build sold it for 560k. We owned the home for 3 months before we sold it. My question is are we eligible for any kind of tax break on the capital gains because of the unforeseeable circumstances (moving for a job)? The irs mentions this, but doesnt go into detail. I need to know so i can plan in advance or find out if i am going to be stuck with a huge tax bill. My profits went into our new house in the new state, so I need to start planning now. I lived in the house with our kids for 3 months until the sale went through while my husband went to work in another state, then we joined him. Also the IRS says there are special exceptions for the unforeseeable circumstance of having to move for a job but doesn't tell me what they are so i can figure what my taxes are going to be. Thanks for the answers so far!

How does capital gains tax work on home sales? What is the percent in WA state? I guess what I really need to know other than the percent in WA state is...Do you pay capital gains on the full selling price or only on any profit you make or??? I bought a little rental house, which I should not have done, because I do not understand the financial ins and outs. Now I would be happy to sell and just get my original investment back...Any help will be deeply appreciated. Thank you

Is the tax rate higher for income or capital gains? I've already accumulated about $45,000 in short term capital gains this year. I need to liquidate another $40,000 in stocks or sell part of an inherited IRA which, as I understand, will be taxed as income. Is the tax hit going to be the same either way? Last year I had taxable income of about $53,000 with next to no capital gains. This year I expect about the same taxable income plus the capital gains.

Channel stock market capital gains through my incorporated business? Hello, I am the CEO of a small web design company. I'm also heavily invested in the stock market. I'm wondering if it is possible to channel my capital gains that I make through the stock market through my small, incorporated S Corporation, to save on taxes. Currently, short term capital gains in the stock market are upwards of 35-40 % for larger gains. Thats just way too much to be giving to the government. Thanks if anyone can help.

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.

Can I avoid capital gains on an investment property if I use the money I make to purchase a primary residence? We have a primary residence now in an area where homes have depreciated. We have a rental in a different city where home prices have gone up. We would like to sell the rental home to purchase a new residence to live in. Can we do a 1031 exchange, or is there a way to avoid capital gains?

Capital gains on a detached house next to my main residence on the same plot? I've built a linked detached house next to my main residence on the spot where my garage used to be. What is my capital gains position.

How to avoid capital gains from a stock spilt? I own stock expected to spilt later this year. Is there any way to avoid paying capital gains if I move the funds non-stock based investment? My concern is the stability of the stock market as I approach retirement age in the next 10-12 years. I would most like the money in an FDIC insured account of some type. This spilt is associated with an IPO and I expect my gain to be 2-6 times my current portfolio value. What is the maximum capital gains liability? My desire as stated is to move the money from a stock-based investment into something more secure as I approach my retirement. This is not my only funds for retirement, I have a 401K. It is a windfall from my company going public and I want to shelter as much as possible legally from tax and move into another form of investment for retirement to diversify my holdings.

What percent of capital gains tax would I have to pay if I day traded the qqq,spy and spx? What percent of capital gains tax would I have to pay if I day traded the qqq,spy and spx? When would I have to pay the capital gains tax?

What is the capital gains tax? I am an entrepreneur and I am planning for the future when we sell our business. Does the capital gains percentage vary depending on the size of the capital gains?

What are the Capital Gains Tax implications associated with occupying a previously rented Australian property? If I occupy my rental property in February 2012 (that I have owned since 2000) for the purposes of converting it into a furnished short term rental, are there any Capital Gains Tax implications? I will be maintaining my current home as my main residence and will not change my address on my tax return. The rental property will be available for rental again in the 2012/2013 financial year. In the event that it does not attract tenants are there any Capital Gains Tax implications?

How do you show disbursment of capital gains of a trust? My father in law passed away last April. I just remembered a couple of days ago that I need to file his last tax return to notify the gov't that he has died. He had almost $400k in stocks that were liquified a few months after his death and distributed equally to the beneficiaries of his trust. He didn't earn enough income that year before his death to owe taxes after the standard deduction, but from what I understand, his trust nor the beneficiaries shouldn't have to pay taxes on the capital gains of his stock since his total estate was worth less the $1 million (if I'm remembering the figure correctly). The beneficiaries paid taxes on his IRA, but will they owe taxes on their shares of the rest of the estate? I've completed the Schedule D showing the gains and losses, but how do I show disbursment since he didn't actually benefit from the gains before he died?

What do you think of a Progressive Capital Gains Tax to raise revenue and lower the deficit? It got me thinking when Mitt Romney was talking about his 15% tax rate from his capital gains. In fact, we might even be able to lower the capital gains for the lower bracket in order to increase investments from ordinary people. Arthur - You do know that instead of renting an apartment, you could get yourself a mortgage and buy a home right? Mortgages are tax deductible and it'll allow you to build up your equity as you make your payments.

What is the IRS capital gains impact of losing a second home to hurricane? House was total loss. We received insurance payment and it exceeds what we paid for the house. Can we rebuild or move elsewhere and not be required to pay capital gains?

How do i estimate capital gains when they vary all over the map from year to year? I have several stock mutual funds. Capital gains are unpredictable but when they are very high as they are this year I am very underwitheld and will be subject to penalties on my tax. Is there any way to compensate or deal with this?

What would a 30% Capital Gains do to the Stock Market and the Economy? So Liberals and Democrats...The people who make America work and already pay MUCH more than is fair should now be taxed on their income and then get taxed 30% on Capital Gains? Who in their right mind is going to play the markets and invest at this rate? Is this Obama's goal, to destroy the Markets Completely since they recovered somewhat after his initial attack? .

What is the reason capital gains are taxed less than regular income? Could it be because you have to actually put your money at risk to earn capital gains? And this country needs investors willing to do that? Or as Liberals say its just a loophole for the evil greedy rich?

Are capital gains and bonus counted when considering annualized income? When calculating an income tax penalty, do you count capital gains, bonuses, and other things when deciding if your income was uneven or not? Or is that supposed to only consider income listed on my w-2?

Is capital gains tax is to be combined with regular tax payment on form ITR 1 or is it to be seperately filed? I have already paid the advance tax of capital gains after the sale of my plot (about Rs 3 lakhs) .I will be processing the regular fling of incometax for my interest income in May 09 and I will use return form ITR1.Is the capital gains tax Now worked out correctly referring the index etc has to be filed in the same return form or in a separate form ?

Do I have to pay capital gains and dividend tax on a Mutual Fund I plan to keep for 5 years? I own some shares of a mutual fund. Will I be taxed in the coming years on the capital gains and dividends, even if I reinvest them and do not sell any shares? And in what way will I be taxed?

Will I have to pay capital gains on a home sale if I purchase another home during the same year? Will I have to pay capital gains on a home sale if I purchase another home during the same year? I plan to buy the new home first and then 3 to 6 months later sell my existing home, but both transactions within the same year. The home I will buy will be valued around 130K and the one I will sell will be around 80K. Any educated ideas or advice would be appreciated? Thank you.

Do I have to pay capital gains taxes on international investments if I live in the US? I am planning on making some investments outside the country (stock market investments). Can I access the profits while living in the US or will I have to pay capital gains taxes on it? If so, how much will I have to pay say for $10,000 in profits?

How do I not pay capital gains taxes on the profit I made from selling my second / vacation home? I am using the profit to build a garage on my primary residence, can I use this to offset the capital gains tax on the 2 nd home I sold? I never lived in the 2nd home, it was a lake house. Also I had to give 1/2 of the profit to my father because he helped pay for the property, but the deed was in my name only.

Do I have to pay capital gains tax if I split the lot of my primary home and sell it separately? I will have lived at my primary home for 2 years in December. I want to get a lot line adjustment and basically sell my large backyard as a buildable parcel. I don't know if this helps, but my home came on three city lots and we are reducing it to two and selling them separately. It seems that since I am reducing, I shouldn't have to pay capital gains taxes. I am married and the value of both lots is less than the 500k allowance.

How can we reduce the capital gains tax on an inheritance without receipts? We are the beneficiary's of a home sale left in Trust. The home was purchased for only $35,000 and sold for $146,500. There are no receipts for any of the improvements, but there are 3, very obvious improvements made: the old asbestos siding was removed and vinyl installed, a 2nd full bath was added and the garage was completely rebuilt. Is there any way to obtain an estimated cost of these improvements and use them as deductions against the capital gains tax without showing receipts?

How do I account for capital gains and dividend reinvestments? I've gotten dividends and capital gains distributions from mutual funds. In Yahoo Finance, there's no provision for these. I've tried using interest income and then buying the shares, but that screws up the rate of return on the fund investment. Any suggestions? I'm not talking about the tax treatment. I'm talking about how to account for capital gains distributions ON YAHOO FINANCE.

What if capital gains exceed capital loss for stocks? For ex: If you make $8K by selling a certain stock and then lose $3K in another stock. Do you pay taxes on $5K? Or, since my capital losses do not exceed gains, I still have to pay taxes on the $8K gain?

How should I report taxable capital gains/losses from a prior year? Hi. I have a question related to Canadian income tax, specifically to capital gains and losses. I forgot to report some capital gains and losses from a prior year. Is it possible for me to report them in my next income tax return? If so, what is the best way to do it? Thanks ahead for your help.

Who pays capital gains taxes in this situation? If a husband and wife get divorced and the husband moves out of the house and the court orders sales of the house for division of assets purpose does ... who is required to pay capital gains tax on the sales revenue? Both parties or just the husband?

How much capital gains tax do you have to pay when selling shares? for example. Let's say i held shares for 3 years and at the end of 3 years i sold them for their current value of £80,000. And the cost that I bought then am in total was £8,000. what would be the capital gains on that calculation please? and if i was paying 20% tax already for my work earnings per year.

How much capital gains do I have to pay when I live above my business? How much capital gains tax will my parents have to pay if they sell their business which is also their sole residence? They live above the business and have done so for 25 years.

How are Capital Gains treated in a Traditional IRA if one waits until age 59.5 (or later) to make withdrawals? Imagine two people starting with 2,000 pre-tax dollars to invest at age twenty-five. The tax rate is a constant 25 %, and the capital gains rate is constantly 15 %.One person invests in the ROTH IRA (for 1,500 dollars because of the tax), and one invests in the Traditional IRA. If the annual rate of return for each investor is 8%, who does better in the end if retirement is age 70, exactly 45 years later?

How much Capital Gains Tax do you pay if your a registered Property Developer? 1) How much capital gains tax do you pay if you sell your second home 2)How much would it be if I was a registered property developer? - Any other hidden costs worth knowing about?

How much capital gains tax I need to pay? I've owned a property for the last 7 years. I lived in it for 6 and have been renting it for the last year. Now, I am thinking of selling the property. Because it was my primary residence for most of the time, what do I need to pay capital gains over? How can i do to pay the minimum possible?

Do I have to pay Capital Gains Tax on my primary residence when I sell? I live in the state of Wisconsin. Also, How much do I have to pay in Capital gains taxes on rental properties we sold. We are getting a divorce and I need to set a side the $$ now. Is there anyway around capital gains taxes, like investing in a new primary residence?

How do I offset capital gains from a previous year? I sold stock in 2006 for a down payment on a home. I mistakenly thought the exception on capital gains for revenue on a home sale would apply for a stock sale when making a down payment on a home. Now in 2009 I sold the home for a 25k loss. Would the 2009 loss offset the 2006 gain in anyway?

Capital gains tax based on original price or refi mortgage? We live in Missouri, in the US, and purchased our first home for $43,000 in 1997. It was our primary residence for 3 years, during which we refinanced the mortgage for $50,000. After 3 years we turned it into a rental property and again refinanced as an investment property, this time for $60,000. After putting just over $20,000 in improvements into the property this year and last year we recently sold it for $78,000. My question is, are the capital gains taxes based on the original purchase price 10 years ago or on the amount of the mortgage we just paid off when we sold it?

How much of capital gains tax should my father have to pay? My father sold a apartment and estimated the capita gains to be around 3 lakhs and considering the tax of 20% the tax was calculated to be 60,000. I am now taking a loan of 4 lakhs for my higher studies and going abrorad for my studies. Will my father be exempt from capital gains tax if I use this capital gain for my higher studies? Thank you

Possible to reduce capital gains tax on home sale? My parents are selling their investment property to fund their retirement. However upon my calculations they are looking at a 45K hit in capital gains. I was going to suggest that upon selling they use a seller financed mortgage so that they will not be taxed on the full amount at once along with providing them a steady investment without any risk. Would this work? What if they incoming payments were put directly into a Roth...would this still be taxable income? Is there any way to reduce this amount?

Capital Gains due in two states - will one issue a credit for taxes paid to the other? As a CA resident I bought property in MT - which I sold this tax year. Now I am paying capital gains to both MT & CA & FED. Which state will have to allow a credit for the taxes paid to the other stae?

What is the capital gains tax for raw land in Oregon? I have held this this piece of unimproved land for 5 years and am selling it. How much is the state capital gains tax?

What is the current rate of paying capital gains on an investment home? What is the current rate of paying capital gains on an investment home? I may be selling a rental and need to know how much I will pay in taxes on profit.

Will I be taxed Capital Gains if I receive cash-out from the refinance of my primary residence? My primary residence is in Fl, and my wife and I have lived in it for over 2 years. I plan to refinance later this year and cash-out about 100k in order to remodel my home. Will I be responsible for capital gains on the cash-out?

What is the difference between being taxed as capital gains and being taxed as ordinary income? What is the difference between being taxed as capital gains and being taxed as ordinary income?

How can I avoid capital gains taxation on a house flip if I am a first time home buyer? As a Canadian, if you buy a home and live in it for two months (as primary residence and first home purchase) do you have to pay capital gains on the resale profit?

How do I avoid capital gains tax on a condo I own in Florida? I own and lived in condo for 18 mos., then rented it out. I am considering selling it, but do not want to have to pay all that capital gains tax. Suggestions please.

Any way to avoid capital gains tax from the sale of one biz and the purchase of another in CA? From what I understand, you do not have to pay capital gains tax from the sale of a home if you purchase another home. Is there a similar law for the sale of a business and the purchase of another business?

What is New York State Income Tax Rate For Capital Gains? I did my own taxes for the first time this year. Using tax software, I plugged in what my refund would be if I had no stock sales in 2006. BTW, my tax bracket is 15% and I'm in New York. Without Capital Gains: Federal Refund : $400 and State Refund : $1460 Capital Gains of only $4416. Federal : $260 (I owe) and State Refund : $1037 According to an online Capital Gains calculator I used, my Federal tax should be $662 (which explains why my refund went from $400 to minus $260). What I can't understand is why my State refund dropped so drastically.

Capital Gains? When selling a stock for a gain in the US, what is the difference in capital gains tax for a stock held for more than one year vs. a stock held for less than one year?

How do you calculate capital gains tax on a house sold? If I sell the house I own w/ no mortgage @465,000, its small(1284 sq.')3bdrms,1 bath, currently its a rental. I inherited it 10 years ago though a living trust. How high is a capital gains tax in that situation? I would put the proceeds on another property right away. SJCNLA

How do I calculate how much capital gains tax I will have to pay both from gains and losses? If I buy stock A and sell at a $2000.00 loss, then buy stock B and sell at a $5000.00 gain. Does that mean I will only have to pay capital gains tax on $3000.00 that I gained?

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?

How much capital gains tax can I waive? I am a really small investor, as small as earning a couple of hundred dollars for last year. I am just wondering : for example, what is the minimum amount of earnings that I should declare capital gains to the government. Let's say, I earned just $10, should I still declare my gains, or it is too small to declare. Thanks.

When's the last time a president raised the capital gains taxes during a recession? Bartiromo reported after her interview with Obama: “Right now, as you know, the cap gains tax is at 15 percent. He has yet to give us a specific number. How high he wants that number to go? He has said, and he told me today, that he won't go above 28 percent. So we are talking about the possibility of a doubling in the capital gains tax. He was averaging at about 25 percent.” Will Obama really do it?

How much will we have to pay for capital gains tax in GA if we sell after owning the home for 27 months? My husband and I have owned our current (Georgia) home for about 27 months (as of Oct 07). If we sell this home and don't want to buy another immediately, how much would we have to pay to capital gains tax (federally and/or to the state)? How long would we have to buy another home before we would have to pay this tax amount? Any other info that might be helpful? Thanks in advance for any advice!

Do you have to pay capital gains on a house bought out from family? My sister, nephew and I owned a mortgage free home. My fiance and I bought them out. The mortgage company says I owe capital gains because I did not live in the home, but I'm the one that ended up with the mortgage. Do I have to tpay the tax and how do I file that on my federal return? Does it affect my state return (Indiana)?

How long do you have to report capital gains/losses? I made a capital gains loss this year, and hope to use it to offset any gains in the future. How many years is this loss valid for, and do I have to report it on this years Tax Return?

How are capital gains taxed on silver bullion private sales? I had bought 100oz of silver from a US mint and then had it delivered to my house. I then sold this for a profit. How do I declare my capital gains in Canada?