Capital Gains Tax

More in Capital Gains Tax

How to Determine Which Shares to Sell, FIFO or LIFO

When you've been investing for a long time, chances are there are at least a few companies whose stock you've bought on multiple occasions and at different prices. When you sell some of your shares, picking which shares you want to sell can make a significant difference in how ...

How to Figure How Much Tax Is Owed on a Stock You Sold

When you sell a stock for more than you paid for it you make a profit. The Internal Revenue Service refers to this profit as a capital gain, and wants its fair share in the form of capital gains taxes. How much you pay in capital gains tax varies based on how long you owned the ...

Tax Implications of Multiple Buying and Selling of the Same Stock

A frequent trader, especial a day trader, may become familiar with certain stocks and trade them repeatedly over short periods. This kind of activity might be profitable but also faces unique obstacles. Rapid in-and-out trading of this type removes access to tax breaks for ...

Capital Gains Tax on a House Sold From a Trust

Suppose 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 ...

Capital Gain Rules When Selling & Reinvesting Stock

When you sell stock at a price higher than you purchased it, you will incur a capital gain. Depending upon the timing involved in the buying and selling of the shares, you may be eligible to use a special lower tax rate on the money you made. Use Form 1040, Schedule D to report ...

Capital Gains Tax Laws for the State of Colorado

Colorado 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 ...

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

When 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 ...

What Taxes Do I Have to Pay When I Sell Rental Income Property?

Rental property is considered a business asset, and a sale of the property will result in a gain or loss. Tax is due only on any gain, and you can write off a loss on rental property to offset taxable income. The key factor is correctly calculating the amount of gain or loss on ...

Do You Have to Claim Stocks You Sold in a Year if You Didn't Make Any Money?

Even though you did not make any money on stocks you sold, the IRS doesn't know that. Your broker will report the sales to the tax agency, so you need to complete the right forms for your taxes to show that those sales produced no profits. Also, if you lost money on your stocks, ...

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