Capital Gains Tax

More in Capital Gains Tax

Capital Gains Offsets With LLC Operating Losses

When a limited liability company, or LLC, incorporates, the members must decide how the LLC will be taxed. An LLC with only one member is taxed as an individual. An LLC with two or more members can elect to be taxed as a partnership, a C corporation or an S corporation. The type ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

How to Report 1099-B Losses on Schedule D

Not everything you invest in turns out the way you hoped. If you've lost money with certain investments, the Internal Revenue Service lets you use those losses to reduce your taxable income. Even if your losses are larger than your gains, you can claim a deduction and ...

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