Capital Gains and Losses

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Related Capital Gains and Losses Questions
If my MAGI pushes me $1 into the 22% marginal Fed tax rate,
If my MAGI pushes me $1 into the 22% marginal Fed tax rate, do all of my cap gains get Fed taxed at 15%? Or does most get taxed at 0%. That is, are the Fed cap gain tax rates progressive like the inco… read more
Barbara
Barbara
Enrolled Agent, Paralegal
15,229 satisfied customers
I'm retired and a company stock I owned was just purchased
I'm retired and a company stock I owned was just purchased by IBM for a $350,000 long-term capital gain to me. Social Security pays me about 2300 a month plus I probably earn another $50,000 a year in… read more
NelsonProTax
NelsonProTax
Remote Tax Support Expert
Master's Degree
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When you buy a protective put and the underlying stock at
When you buy a protective put and the underlying stock at the same time when the put is sold is the gain/loss added to the cost basis of the underlying stock or is it treated as a separate long/short … read more
R. Klein, EA
R. Klein, EA
Enrolled Agent
Master's Degree
269 satisfied customers
I'm projecting that I'm close to a tax bracket cut-off (I'm
Hello, I'm projecting that I'm close to a tax bracket cut-off (I'm currently at 22%). I am also anticipating a need to liquidate some stock investments that will result in a Long Term Capital Gain. Do… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
5,141 satisfied customers
I want to buy a jan 2021 leap call option.... if I hold for
i want to buy a jan 2021 leap call option.... if I hold for one year will I have capital gains status? … read more
taxmanrog
taxmanrog
Master's Degree
2,038 satisfied customers
I recently transfered some 600 shares from my 401k to a
I recently transfered some 600 shares from my 401k to a brokerage account which I am going to pay taxes for the cost. My questions is do I do married filing separately to reduce tax burden since my in… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
35,708 satisfied customers
I need financial advice. If I invest in Berkshire Hathaway
I need financial advice. If I invest in Berkshire Hathaway Class B stock for greater than a year, since they do not pay a dividend, do I only pay long term capital gain for federal taxes? I live in Fl… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
5,141 satisfied customers
I am selling my business for 750k and was told that whole
I am selling my business for 750k and was told that whole amount will be 35% … read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
4,158 satisfied customers
Question about the guidelines/rules for treatment and
Question about the guidelines/rules for treatment and calculation of gains. Are there any rules that force all gains on property to be treated in the same way or can a method most favorable be applied… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
35,708 satisfied customers
In consideration of capital gains taxation on sale of
In consideration of capital gains taxation on sale of inherited land which has been only modestly over the yrs with erection of two rustic buildings - the assessed value in 1965 seems quite low, resul… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
35,708 satisfied customers
Trying to understand…I read if your income is zero you owe
Trying to understand…I read if your income is zero you owe no cap. gains Are your gains now defined as income for that year. Selling real estate with a million dollar gain Best way to avoid without 10… read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
2,539 satisfied customers
When is profit from the sale of shares on a stock exchange
When is profit from the sale of shares on a stock exchange taxed as Capital Gains, and when is it taxed as Income?… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
19,083 satisfied customers
What is the capital gains tax rates at different income
What is the capital gains tax rates at different income levels for Federal and California taxes?I need a table that shows at this income level your cap gains tax rate would X and that this income leve… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
35,708 satisfied customers
All the heirs of our 1st cousins probated estate recieved
All the heirs of our 1st cousins probated estate recieved from the cpa a form showing $900 long term capital gains tax. Si is this simply 15% on $900? I can use 900 of a stock loss of $4,000 in 2009 t… read more
R. Klein, EA
R. Klein, EA
Enrolled Agent
Master's Degree
269 satisfied customers
Has the tax rate for LT capital gains changed for 2014???
Has the tax rate for LT capital gains changed for 2014??? IF so how, what amount does change take place?? What is the maximum amount of adjusted gross income a taxpayer filing jointly may earn before … read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
173 satisfied customers
I am 68 years old and I acquired my mothers house approximately
I am 68 years old and I acquired my mothers house approximately 20 years ago. I am planning to sell the house soon. Will I have to pay capital gains tax?… read more
Tax.appeal.168
Tax.appeal.168
Principal
7,884 satisfied customers
I am co executor and co beneficiary, along with my sister,
I am co executor and co beneficiary, along with my sister, of my late mother's NJ estate. My mother's will left her estate to us 50/50; this included a house and stocks. The stocks were transferred to… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
173 satisfied customers
My spouse and I have for the first time penny stock, of which,
My spouse and I have for the first time penny stock, of which, most where purchased more than a year ago. We are hopeful that it will soon be taking off and will be selling some or most of our shares … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
35,708 satisfied customers
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Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

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