Successful investing often brings the unfortunate byproduct of taxes. When you take a gain, you have to report it to the Internal Revenue Service. Unless you're in the lowest tax bracket, you'll have to pay at least some tax on your profits, sometimes at a significant rate. This ...
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 ...Read More
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 ...Read More
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 ...Read More
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 ...Read More
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 ...Read More
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 ...Read More
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 ...Read More
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 ...Read More
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 ...Read More
When you’re closing out a winning stock trade, the last thing on your mind is paying the taxman. But if your tax bracket is high and your gain small, that little profit could end up costing more in ...Read More
You must report all of your stock sales to the IRS, even if you lost money. For tax purposes, losing money isn't necessarily a bad thing, You can use your losses to offset your capital gains, thereby ...Read More
Unlike men, not all income is created equal in the United States, at least under the Internal Revenue Service tax code. Long-term capital gains receive preferential tax treatment in the form of lower ...Read More
If you sell an investment for more than its purchase price, you have a capital gain. Unless the gain is in a tax-sheltered account, you’ll have to pay capital gains tax. If you’d like to contribute ...Read More
There are a few ways to sell a rental property and not pay capital gains, including swapping the property for a like-kind and tax loss harvesting,Read More