Capital Gains Tax

More in Capital Gains Tax

Is Options Trading Reported to IRS?

ke options-trading strategies, the tax treatment of options trades is far from simple. Under new broker reporting requirements, options transactions are now reported to the Internal Revenue Service when you close the position, including your cost basis and capital gain or loss. ...

How Soon Does Money From Selling a House Have to Be Invested So No Capital Gain Tax Is Paid?

en you sell your primary personal residence, the home sale capital gain exclusion can eliminate or severely limit your capital gains tax liability. When you sell an investment home, though, the Internal Revenue Service hits you with both capital gains and depreciation recapture ...

Capital Gains Tax Laws for the State of Colorado

lorado bases state income tax on an individual's federal taxable income. The federal amount includes taxable capital gains, meaning you'll be paying both federal and state tax on a profit you earned selling property or an investment. To relieve state residents of this double ...

How to Report the Sale of Stock Call Options

en you trade call options, the sale must be reported to the Internal Revenue Service. Unlike the way they do with stock trades, brokerage firms do not send you a Form 1099 reporting the basis of every option trade. Instead, you must use your brokerage statements to match up each ...

Capital Gains Tax on a House Sold From a Trust

ppose you created a trust and placed your house in the trust. If you control the trust and the property in the trust, and you retain power such as the ability to amend, revoke or terminate the trust, the Internal Revenue Service will likely regard the trust as a grantor trust ...

How to Report a Loss for Worthless Securities on Your Taxes

pically, if you want to take a tax loss on a security, such as a stock, you can simply sell it on the open market and record the details of your transaction. If you own a worthless security, however, things get a little more complicated. With no active market, you can't record a ...

Are Stock Commissions That Are Paid Tax Deductible on Your IRS Filing?

e commissions that you pay when you buy and sell stock reduce your taxable income, but they aren't deductions in the same way as mortgage interest, state income taxes or charitable donations. Instead of being written off your income, they are added and subtracted from your ...

Do I Have to Report All My Stock Purchases & Sales if I Lost Money?

en you sell stocks, your broker issues IRS Form 1099-B that summarizes your annual transactions. While you do not have to report money you lost because you do not pay tax on it, agents at the IRS expect to see details about your stock sales on your return, because Form 1099-B ...

How to Report 1099-B Losses on Schedule D

t everything you invest in turns out the way you hoped. If you've lost money with certain investments, the Internal Revenue Service lets you use those losses to reduce your taxable income. Even if your losses are larger than your gains, you can claim a deduction and potentially ...

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