Capital Gains Tax

More in Capital Gains Tax

How to Determine Which Shares to Sell, FIFO or LIFO

When you've been investing for a long time, chances are there are at least a few companies whose stock you've bought on multiple occasions and at different prices. When you sell some of your shares, picking which shares you want to sell can make a significant difference in how ...

Capital Gains Tax on a House Sold From a Trust

Suppose you created a trust and placed your house in the trust. If you control the trust and the property in the trust, and you retain power such as the ability to amend, revoke or terminate the trust, the Internal Revenue Service will likely regard the trust as a grantor trust ...

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 ...

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 ...

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 ...

The Tax Implications of Selling an Investment Property at a Loss

Investment properties can be a great source of income in stable and growing markets. However, in declining housing markets the sale of an investment property might result in a loss. This results in a tax implication called a capital loss, which can be deducted on your tax ...

What Is the Capital Gains Tax on Gifted Property Sold in India?

Capital gains on gifted property sold in India must be reported as income on your U.S. tax return, although you might be able to avoid paying the taxes thanks to a tax treaty between the two countries. When completing your U.S. tax return, you must calculate your capital gains ...

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 typically ...

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 ...

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