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Tax Implications for Capital Gains on Stocks?
May 31st
I have heard that there are short-term and long-term distinctions for taxes on capital gains on stocks. Is that true? What is considered short/long term? What are the rates?
I have stock that was given to me at different times. How do I figure capital gains tax?
May 28th
Some of these stocks were given 30 years ago ,some 10 yrs ago. sometimes it was 10 shares ,sometimes it was 50 shares.
Own a house 1 year and will make 75k selling it, can i use stock loses to off set some of the capital gains?
May 25th
Also, I am buying a new house that is 150k more then the house i am in, would i be able to do anything to avoid capital gains since i am buying a new house of more value?
I will sell the house before having it for 2 years. Also, how much in capital gains will i have in WA, i know there is 15% in capital gains, is there any state tax here or anything else you have to pay over the 15%.
Stock Gain, but after Taxes, net loss?
May 22nd
Here’s the details of my hypothetical question.
Employee stock purchase plan – purchase 100 shares for $80 (street price of $100) on 12/31/2007. This makes my intial investment $8,000. Stock today is worth $85 street price. If I sell this today, my sale is $8,500. I pay ordinary income of the $20 discount (let’s just say 25%), and capital gains between $80 and $85 correct?
The ordinary income tax adds up to $500 that I’d owe, and the capital gains adds up to $100 that I owe. Which means I owe $600 of taxes on a $500 profit?
Or do I take a capital gains loss on the difference between $100 and $85, and still pay the tax on the $20 discount?
I think I must be missing something here…
So should my capital gains be based on MY purchase price, or the street price at the time of my purchase?
Thanks!
Do you lose unrealized capital gains in a covered call option?
May 19th
I’ve held a stock long-term, already had a decent (unrealized) capital gain, but now that the stock has temporarily stalled in the recent short-term, I’m considering the idea of “cashing in” with an option. I’ve done some basic reading, research, and used watched some tutorials; however, while they address how you can profit by options on stock you own, they never seem to address what would become of any previous unrealized capital gain on the stock you’re offering the option on. Can anyone help me out with this one?
