Capital Gains Tax

More in Capital Gains Tax

What Are the Benefits of Long-Term Capital Gains?

The best benefit of a long-term capital gain is the gain itself -- it is always a positive outcome to generate a profit on one of your investments. The tax rules on capital gains are also set up to provide tax advantages for gains on investments held for the long term compared ...

What Are You Required to Pay Capital Gains Tax On?

You're required to pay capital gains taxes any time you sell capital assets for a profit. Capital assets include anything you own and use for personal or investment purposes, such as your car or stocks. Any capital gains must be reported on your federal income taxes. To do this, ...

How to Calculate Capital Gains for Decedent Stocks

In most circumstances, determining the amount of capital gains tax you owe on the sale of a stock is a matter of simple arithmetic. You subtract the sale price from the price at which you sold it, determine if it is a short- or long-term gain, and apply the applicable 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 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 ...

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 ...

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 ...

Tax on the Sale of Precious Metals

Investments in precious metals, such as gold, silver and platinum, are similar to other investments in that your holdings are capital assets, according to the Internal Revenue Service. The money you make or lose is a capital gain or loss. However, some special rules apply when ...

The Tax Consequence for Trading Stock

The liquidity of the stock market makes it easy for you to buy and sell shares. You have the choice of investing over the long term or over a shorter period. A day trader seeks to earn a profit by speculating on daily price movements in the stock market. A day trader pays ...

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