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Client had hugh capital gain in 2005 (stocks) and paid the tax on gain. Same Client had a hugh capital loss in 2007 (stocks) could only expense $3000 of the loss. Is there anyway
that the 2007 loss could have been carryback to 2005? Client did his own...
Started by arlo on
, 12 posts
by 5 people.
Answer Snippets (Read the full thread at thetaxbook):
Same Client had a hugh capital....
Stocks) and paid the tax on gain.
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International Capital Gains Tax Rate Comparison: Where Does The US Stand?
Chart – International Individual Long-Term(LT) Capital Gains Tax Rate Comparison
Obama wants to increase capital gains rates to 20%.
How will decreasing the returns from business...
Started by Mark49 on
, 21 posts
by 5 people.
Answer Snippets (Read the full thread at morningstar):
Another_LEADTop
"This double....
Has long had a differential tax rate for capital gains.
I don't support a 0% Capital Gains tax as some of my conservative friends do, but raising it to 20
"This double taxation is one reason the U.S.
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I've just got stung by a huge UK tax bill on profit from the sale of U.S. mutual funds.
If I buy shares in non-UK companies and later sell them at a profit is that profit treated as a capital gain or as income? The difference in allowances and rate of...
Started by Stacey on
, 11 posts
by 6 people.
Answer Snippets (Read the full thread at uk-yankee):
Gains on sales of non-UK shares are taxed by the UK as capital gains with a maximum 28% tax rate) and the down other to $1 (so a loss of $99) you would pay income tax on a gain of $100 even though income gains at income....
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This year, and this year only, I will be maxing out all pre-tax retirement vehicles between a 403b and 457b. I can't normally afford to do that but I had a small windfall recently that covers the extra $17k, and I will live off of that as a large chunk...
Started by chisey on
, 11 posts
by 4 people.
Answer Snippets (Read the full thread at bogleheads):
Is it possible that at some point you may have a capital loss that ....
An estate tax.
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UFile Capital Loss and Gains I am just fiddling around with the software.
Here is something I do not understand.
I inputted capital gain last year, and then inputted capital loss this year.
It doesn't calculate the losses to offset previous gains.
Is ...
Started by ACC-Major on
, 6 posts
by 4 people.
Answer Snippets (Read the full thread at redflagdeals):
At least that's how it works to file a T1ADJ for each....
I inputted capital gain last year, and then inputted capital loss this year capital loss manually from last year and then tell it to use it.
Not understand.
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A husband and spouse file separate tax returns, Lets say each contributes $100.00 ($200.00 after tax dollars) to a joint brokerage account. After one year, the value of the stock held in the joint brokerage account rises to $250.00 and $50.00 worth of...
Answer Snippets (Read the full thread at linkedin):
The capital gain would be reported on the tax return of the primary.
Answers from a general Q&A board.
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15% max. tax on capital gains is nothing more than CLASS WARFARE.
Started by My Raging Bull on
, 10 posts
by 1 people.
Answer Snippets (Read the full thread at quote):
15% is NOT a max tax on capital gains!
15% is available to investors that leave tax apply NOT only....
tax on capital gains is nothing more than CLASS WARFARE.
15% max.
Multis, Your post is "miss leading" and not factual.
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A husband and spouse file separate tax returns, Lets say each contributes $100.00 ($200.00 after tax dollars) to a joint brokerage account. After one year, the value of the stock held in the joint brokerage account rises to $250.00 and $50.00 worth of...
Answer Snippets (Read the full thread at linkedin):
However, Victoria....
If you match 1099's.
Purchased jointly.
If you file separate returns, you each report half the income.
Jointly owned- goes the spoils- or split 50/50%
file on separate tax returns the same 50/50% split to your husband.
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How do I claim a capital loss? I've only been trading shares on the TSX for a few years and this is the first year I've had to claim a capital loss and I'm not sure how to do it. I've been playing around with StudioTax and I haven't been able to figure...
Started by Soda Popinski on
, 7 posts
by 5 people.
Answer Snippets (Read the full thread at redflagdeals):
It only reduces the amount of capital gain you also capital....
Previous year capital gains, you have to file whats called a T1A request for loss carryback, as a capital loss does not reduce your other income.
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On Mon, 12 Jan 2009 17:42:49 -0500, "Sharp Dressed Man" <sdm@zz.net
My widowed mother in law died in 2007 and when I filed her decedent's final
return back in April of 2008, there was about $20,000 of capital loss I had
to "leave on the table"...
Started by Sharp Dressed Man on
, 4 posts
by 3 people.
Answer Snippets (Read the full thread at omgili):
On Mon, 12 Jan:gkgh19$n6h$1@news.motzarella....
Number, but there is a specific revenue ruling that
clearly states that a capital loss carryforward, "Sharp Dressed Man" <s...@zz.net
No, because the loss wasn't incurred by the estate.
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