Capital Gains Tax

More in Capital Gains Tax

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 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 ...

Tax Breaks for Selling Property at a Loss

Selling property at a loss can be a painful process. Depending on the state of your financing and the depth of your loss, you could end up owing additional money to the bank, or you could be selling under duress. While you may gain some benefit on the back end from selling an ...

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 ...

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 ...

Is the Sale of Farm Land Capital Gain or Ordinary Income?

When you sell farmland, any profit you make on the sale is a capital gain. You pay capital gains tax rather than ordinary income tax on the sale, which usually works out the same or better for your bottom line. If you lose money on the sale, then you can write it off as a ...

How to Report the Sale of Stock Call Options

When 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 ...

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 ...

Is Options Trading Reported to IRS?

Like 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 ...

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