Capital Gains Tax

More in Capital Gains Tax

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 ...

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, ...

How to Calculate Rental Property Appreciation for Income Tax Purposes

A property’s appreciation is an increase in its value. When you invest in a rental property, you pay income taxes on its appreciation only when you sell the property. The amount of appreciation on which you pay income taxes is called the capital gain. Your capital gain ...

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 ...

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

When 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 ...

How to Report a Loss for Worthless Securities on Your Taxes

Typically, 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 ...

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 ...

What Is the Capital Gains Tax on Gifted Property Sold in India?

Capital gains on gifted property sold in India must be reported as income on your U.S. tax return, although you might be able to avoid paying the taxes thanks to a tax treaty between the two countries. When completing your U.S. tax return, you must calculate your capital gains ...

How Long Do Capital Gains & Losses Carry Forward?

On your tax return, capital gains and losses get their own section and extra forms. Gains may be taxed at a different rate than the rest of your income, and those unfortunate losses get put to good use as tax write-offs. You have a significant amount of control when gains and ...

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