Capital Gains Tax

More in Capital Gains Tax

Are Capital Gains From Real Estate Part of My Income?

If you buy a house or land and later sell your property for a profit, you've made a capital gain. Before rolling the money into a new investment or spending it, you have to consider the tax implications. You must declare the transaction to the Internal Revenue Service in the ...

Does the Seller Have to Pay Tax on a Vehicle When He Sells It?

Although there is a capital gains tax on cars, often sellers find that it's rare that they can make a profit on the vehicles they sell. To calculate the gain, the seller will need to compare the price paid to the price the buyer paid, disregarding all taxes and including any ...

Is the Total Mortgage Amount Paid for the Property the Cost Basis?

When you obtain a mortgage to purchase real property, it's likely that the total loan amount accounts for a large portion of your tax, or cost, basis. This is true for a property you acquire for investment purposes as well as the home you live in with your family. But aside from ...

Tax Treatment of Stocks

When you sell stocks you pay taxes on the gains, and you get to deduct the losses. How much you pay or write off depends on how long you have held the stocks. You divide your stock sales into long-term and short-term investments to list them in the proper categories on your tax ...

How to Calculate & Report Your Capital Gains & Losses

You can compute your capital gains or losses, as well as your loss or gain percentage, by knowing how much you got for selling a stock, fund or other investment and how much you paid for it. Report your capital gains and losses on your tax return and pay taxes on them if ...

The Tax Implications of Trading Futures

Futures traders qualify for certain tax breaks that simplify record-keeping and save money. The rules revolve around Section 1256 contracts as defined by the Internal Revenue Service. To qualify, a futures contract must be traded on an exchange approved by the Commodity Futures ...

How to Sell Mutual Funds Before Capital Gains Distribution

Investment decisions, particularly regarding long-term investments such as mutual funds, shouldn't be dictated solely be tax consequences. However, there may be instances in which you'd prefer to avoid a taxable capital gains distribution from your fund. Since these payouts are ...

How to Enter Short-Term Capital Gains

If you've made money selling assets you've owned for less than a year, such as stocks or other investments, you must share the news with the Internal Revenue Service. The way you report the gains depends on how they were reported to the IRS on Form 1099-B, if at all. You also ...

The Tax Implications of Selling Mutual Funds & Buying New Mutual Funds

When you sell mutual fund shares, you trigger a tax event -- a capital gain or loss. Using the sale proceeds to buy shares in a different mutual fund does not affect your tax situation from the sale of shares. You can defer or escape the tax implications of mutual fund trades by ...

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