Capital Gains and Losses

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This is about writing off bad investment in a Foreign
This is about writing off bad investment in a Foreign Start-Up. I invested about 40k (part of $3mm round) in a foreign start-up in 2016. They raised an additional $5mm in 2017. This year (2018), they … read more
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Belong to music business Association called Merlin; by
Belong to music business Association called Merlin; by policy, we are vested in 4% of equities Merlin obtains/owns. Recently Merlin sold some equities for which it was the owner of record and had held… read more
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Second opinion] My fiance and I started a Non-profit org in
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LAW/LEGAL question: I have been living with my boyfriend in
LAW/LEGAL question: I have been living with my boyfriend in North Carolina in his house for 9.5 years. I have taken his last name. I own a house in my name only that I rent out. He owns two houses in … read more
Lane
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Generally, capital gains of foreign students are subject to
Generally, capital gains of foreign students are subject to a flat rate of 30% capital gain tax. However, US stocks is US situs property on gift tax regime (according to https://www.credit-suisse.com/… read more
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1). How can Investments/Returns/Gains in the NON-US Mutual
1). How can Investments/Returns/Gains in the NON-US Mutual funds NOT be treated as investments under the Passive Foreign Investment Company (PFIC)? What documents should the the NON-US Mutual funds su… read more
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I bought 1/2 position in 2012 and another 1/2 position in
I bought 1/2 position in 2012 and another 1/2 position in 2014. The stock was merged/taken over in 2015. The merger was 1 for 1 and an additional 16.50 in cash. I sol not shares. My 1099 form stated t… read more
Stephen G.
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I have approx. $11K in LT capital gains and $3K in ST
I have approx. $11K in LT capital gains and $3K in ST capital gains for 2015. In March, I had RSU's that vested at about $58/share (and paid ordinary tax on that value). The stock today is trading at … read more
Robin D.
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Am a Brazilian citizen living in the USA on a card. Intent
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What are the tax consequences of a limited partner fully withdrawing
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jgordosea
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We have been carrying a lot of capital loss from 2008 able
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I have a start up company with a few members. Its an LLC. We
I have a start up company with a few members. Its an LLC. We are looking into venture capital funding. As is, the membership interests is set up where if we secure outside capital, everyone gets dilut… read more
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I purchased a cumulative preferred share of a private
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Im looking to sell my home. I closed escrow April 1st of 2013.
I'm looking to sell my home. I closed escrow April 1st of 2013. I will most likely profit $75,000-80,000 if I put it on the market now. Paid $352,000 and can probably get $425,000 or maybe a little mo… read more
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I wanted to clarify if I have to calculate and pay capital
I wanted to clarify if I have to calculate and pay capital gains taxes (on my mom's behalf). My parents held a living trust until my dad's passing in October 2010. In 2011, we split the assets of the … read more
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I have $180k capital loss from 10 years ago (stock loss). Every year, I can only deduct $3000 as capital loss. So far, I still have $150K capital loss. :( I have a business (self-employed C-corporatio… read more
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R. Klein, EA

R. Klein, EA

Enrolled Agent

263 satisfied customers

Over 20 Years experience in resolving tough tax cases

jgordosea

jgordosea

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As an Enrolled Agent you can be ensured of my competence in income tax matters.

PhillipB EA

PhillipB EA

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Arthur Rubin

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Shane-CPA

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