Capital Gains and Losses

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Trying to understand Biden's new Cap gains tax proposal
Hello,Trying to understand Biden's new Cap gains tax proposalAssuming I have no regular incomeSo currently we have Long Term Cap gainsup to 80k taxed at 0% 80K - 400K taxed at 15% over 400K taxed at 2… read more
Barbara
Barbara
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Kiddie Tax exemption. Interest, dividends and capital gain
Kiddie Tax exemption. Interest, dividends and capital gain up to $2200.00. I have a grandchild's account in stock. I Need to know the answer to the following question for many reasons. Does the capita… read more
HowardD414
HowardD414
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My wife and I are moving to Chicago Q3 this year. My wife
Hi! My wife and I are moving to Chicago Q3 this year. My wife works for an American company and gets a Green Card. I will not be working at first glance. We own a lot of stocks and I cannot find out i… read more
Barbara
Barbara
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Is it true that Biden plans to eliminate term capital gains
Is it true that Biden plans to eliminate long term capital gains rates and if so when would thuu iu s likely happen?What will be his changes to inheritance taxes?… read more
Lane
Lane
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I am looking for advice on federal and Illinois term capital
Hello, I am looking for advice on federal and Illinois long term capital gains … read more
Barbara
Barbara
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Under the Biden tax plan if I bought a property 30 years ago
Under the Biden tax plan if I bought a property 30 years ago for $100k and I make $100k/year and I now sell that property for $1M, the capital gains is added to my income putting me in the 39.6% tax b… read more
Barbara
Barbara
Enrolled Agent, Paralegal
20,429 satisfied customers
Assume I am single filer, my ordinary income is $30K, and I
Assume I am single filer, my ordinary income is $30K, and I am selling $100K worth of stock with long-term capital gain $30K. Please explain with details how this sale will be taxed (what my total inc… read more
Lane
Lane
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Doctoral Degree
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Under the new tax reform, what will be the capital gains tax
Under the new tax reform, what will be the capital gains tax rate if I withdraw $30,000 this year from my individual Traditional IRA / stock portfolio account?… read more
PDtax
PDtax
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How much Capitol Gains Tax would I have to pay on $300,000
How much Capitol Gains Tax would I have to pay on $300,000 in Montgomery County Maryland. … read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
4,181 satisfied customers
I recently cashed in shares of Apple Stock and took out
Hello. I recently cashed in shares of Apple Stock and took out 224,000. I paid $1.69 a share, so almost all of it is profit. I live in California and I believe the capital gain tax I would pay is 13.5… read more
emc011075
emc011075
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Bachelor's Degree
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In 2015, I sold my rental property, which i have used for
In 2015, I sold my rental property, which i have used for rental purpose for more than 2 years, and should qualify for long term capital gain. In TurboTax, it's treating the gain as ordinary income, w… read more
emc011075
emc011075
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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
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Bachelor's Degree Equivalent
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In a previous question on capital gains, you directed me to
in a previous question on capital gains, you directed me to some online tools to help figure the capital gains tax mount. under one heading it says tax bracket, if you have zero earned income for the … read more
ShawnA
ShawnA
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If a person has an adjusted gross income of 20,000 does he
if a person has an adjusted gross income of 20,000 does he pay any capital gains tax on the sale of a stock which has a gain of 250000?… read more
USTaxAdvising
USTaxAdvising
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simple question here....I need to sell some stock but want
simple question here....I need to sell some stock but want to minimize the capital gains tax impact. Am I correct in thinking that I should focus on selling all stock subject a long term capital gain … read more
Tax.appeal.168
Tax.appeal.168
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1. Are capital gains/losses calculated based on the personal
1. Are capital gains/losses calculated based on the personal income tax bracket you are in for the year prior to the capital gain? 2. What is the difference in the capital gain/losses tax rate if any … read more
jgordosea
jgordosea
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short-term capital stock gains 2012. Have read that short
short-term capital stock gains 2012. Have read that short & long term cap gains are taxed at zero rate if taxable income is less than 68k. Some articles say only long-term is zero, but others say long… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
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A testamentary trust of which I am a Trustee has a long term
A testamentary trust of which I am a Trustee has a long term capital gain for 2011. The sale will be an installment sale with 40% down. Will the tax rate on the gain be calculated separately form the … read more
FredStevens
FredStevens
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