I’ve got a Vanguard mutual fund in a non-retirement account. I’ve had it about 3 years now. I’d like to move it to a Roth IRA account, but I do not want this to be a taxable event. Is there any way I can do that? Or must I sell them, pay capital gains on the earnings, and then use that money to invest in a Roth IRA.




Technorati Tags: , , , , , , , , ,

I have interest income and some capital gains, does this count toward the rebate? or is it only income earned from a job?




Technorati Tags: , , , , ,

I started making the maximum contribution to 401k and IRAs for myself and my wife. I also have 529 plans for my kids. Are there any other ways I can invest and avoid paying taxes along the way? I don’t want to invest in non-profits or tax free mutual funds that have a low return. Should I just chose a few large cap companies and buy stock directly from them and then just hold on to them for 20 years or so and take the capital gains hit?




Technorati Tags: , , , , , , , , , , ,

I purchased a property 2 years back and now I am planning to sell the old property and buy a new property in same area.Can I get tax exemption on capital gains which is a short term because I am selling the property within 2 years.
Please advise If I can get tax exemption on capital gains
Can someone tell me as per Indian tax rules can I get tax exemption on capital gains.




Technorati Tags: , , , ,

if i make some nice profit on a stock and sell it in about 6 months..is that considered a short term gain or a long term gain? im in nyc and in the 33% tax bracket.

how much taxes i need to pay for capital gains? thx in advance.




Technorati Tags: , , , , , ,

I want to buy a house next year, and i have some money invested in the market. Off my annual salary, i dont make enough money to afford the house that i would like to get, so i am wondering if the stock market money that i make, does that count towards my income.?.. because if i make more money then i can get the house and that would be perfect if my capital gains counted as well!




Technorati Tags: , , , , , , ,

Or are the capital gains included in the rate of return only the REALIZED ones?




Technorati Tags: , , , ,

Capital gains tax and selling timber?




We are currently selling timber from our land. Our tax lady said we might not have to pay taxes on the timber. She is not an accountant, but she is extremely knowledgeable about tax laws and the like. We’ve owned the land for 5 years and are in the 15% tax bracket. I researched this briefly, buy I don’t really understand capital gains could someone explain what she means, please. Thank you for your help.




Technorati Tags: , , , , , , ,




Purchased land Jan 2009, built a home on the property and moved into the home Aug 2009, would like to sell- does the 2 year capital gains period start from the day we purchased the land? Or how do they know when we lived there two years, as we didn’t purchase the house from someone, we built it.




Technorati Tags: , , ,




No income makes me in the 10% federal bracket. Is my long-term collectible capital gains 10% or zero? So much conflicting info. I want to know whether to wait to sell it or not. Thanks




Technorati Tags: , , ,




Upon selling a house how many years are you allowed before paying taxes on capital gains IF you do not buy another house?




Technorati Tags: , , , ,




I have owned a stock mutual fund for several years and generally pay capital gains annually even though I have not traded any of the shares. If I did trade shares for a profit I understand I would also have to pay capital gains on this amount as well. Isn’t this double taxation? Is there some way to avoid this?




Technorati Tags: , , , , , , ,




Return of Capital in stock distributions reduce your cost basis by a like amount. Eventually, cost basis is zero. Are the proceeds from a subsequent sale of the stock considered Capital Gains or Ordinary Income?




Technorati Tags: , , , , , ,

Capital gains on asset sale from a subsidiary?




Two months ago we transferred an asset from the parent company in GA to our subsidiary in WA. We are now selling the asset. The asset was owned by the GA parent company for almost 3 years. Has the ‘holding period’ been met in this situation and will we be taxed capital gains on the sale or federal income tax at 28%? I am pretty sure on the answer but there are many far smarter out there! Thanks in advance!




Technorati Tags: , , , , , , , , ,

Can I write off my capital losses from a roth IRA?




I am doing my taxes on my own for the first time this year, and I want to maximize my deductions. I know that my capital gains are protected from tax in a roth IRA, so I don’t think I can write off losses; but I wanted to get a second opinion.
I have realized losses, but I do still hold securities. I would have to liquidate the whole account? I don’t have any interest in liquidating the whole account.




Technorati Tags: , , , , , ,