Questions tagged [capital-gain]
This tag is to be used for any question related to gain due to appreciation of capital. Typcially Capital gains are treated differently based on the geography and hence a country tag should ideally be used with this.
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With zero earnings aside from long term capital gains, when would AMT and/or NIIT kick in?
Lets say I have absolutely no job/income/dividends/etc except for some long term capital gains, not related to stock options. Lets just say a standard purchase-low then sell-high of some stock. ...
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Investment property turned LLC
I recently turned my investment property into an LLC for liabiliy purposes. Now I want to sell it and my question is if I can deduct all my expenses from the sale like improving the vacant Lot into an ...
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How is holding time calculated for long-term capital gains tax?
Say I have an account with the following buying history:
Date
Symbol
Price
Quantity
01/01/2023
AAPL
$300
3 shares
01/01/2022
AAPL
$100
1 shares
01/01/2021
AAPL
$100
1 shares
If I were trying to ...
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What hapens to realized gains from commodities in *gnucash*?
The documentation for Gnucash mentions that "Any realized gain splits are ignored" within advanced portfolio reports. These reports provide information for open transactions, including ...
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How much taxes do I have to pay when taking a withdrawal from a recurring investment purchase?
I have been looking all over to find an answer and everything I am looking at looks way over complicated.
I live in Maryland USA
I want to invest $1000 a month into a stock that pays dividends ...
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How does the Bed and Breakfast rule affect capital gains tax calculations when it spans across tax years?
The B&B rule confuses me a bit since disposals are matched with future acquisitions (done within 30 days). What happens to tax calculations (for each tax year) if the tax year ends in between the ...
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First Home Savings Account (FHSA) in Canada
FHSA was introduced in Canada in 2023 for first time home buyers. From what I read I can open a FHSA, because I have not lived in the house since I bought it (always rented). I can contribute up to $8,...
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How do you determine purchase date when there are multiple stock buys?
I buy 5000 shares of ABC on Jan/01/22 for $100,000 ($20.00/share)
I buy 2500 shares of ABC on Feb/01/22 for $100,000 ($40.00/share)
I now have 7500 shares with a cost basis of $200,000 ($26.66/share)...
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Are everyday foreign currency exchange fees deductible with the CRA as a capital loss? [duplicate]
Let's say today's official market exchange rate from USD to CAD is 1.30.
However, my bank or Western Union is only willing to offer me a rate of 1.20. Therefore, I end up converting $100K USD to just $...
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Do you use the trade date or settlement date for CRA reporting capital gains, especially for exchange rates?
Suppose you engage in the following investment transactions while a Canadian resident:
(Buy MSFT) Trade Date: Jan 1st. Settle Date: Jan 3rd.
(Sell MSFT) Trade Date: Jan 10th. Settle Date: Jan 12th.
...
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When you sell a business. Is it a long-term or short-term capital gains tax?
Let's say I start my own small business selling hot dog stands on Jan 01, 2023, and sell it three months later for $50,000. Would my $50,000 be subject to long-term or short-term capital gains tax?
...
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Capital Gains on selling a redeveloped house in India
I am an NRI trying to sell my house in India. My house was redeveloped in early 2000s while I was an Indian resident. I got possession of the said flat in around 2006 when I was still an Indian ...
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Calculating Capital Gains for Real Estate
Here is a question using hypothetical amounts when understanding the amount considered capital gain when selling real estate before two years. I want to understand, is the number I am calling capital ...
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What time period determines the long-term capital gains tax for foreign individuals in Canada?
Let's say I am either a resident of the US or Mexico. If I have a stock I have held for more than 12 months while abroad, and then sell it within the first week of my arrival in Canada, would it be ...
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How do I calculate capital gain when I bought at different prices?
I bought 2 BTC in 2019 for $4,000 each
I bought another 2 BTC in 2020 for $10,000 each
In total, I bought 4 BTC for $28,000
I sold 1 BTC in 2021 for $40,000
How do I calculate the capital gain for the ...
