Personal Finance and Money Stack Exchange
Personal Finance and Money Stack Exchange

Questions tagged [capital-gains-tax]

Questions related to the tax liability from the appreciation of assets, e.g. stocks, mutual funds, real estate.

Questions related to the tax liability from the appreciation of assets, e.g. stocks, mutual funds, real estate.

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Is there a capital gains tax on a real property sale if I don't live in Canada and have a low income?

I am preparing to sell 3.4 acres in Nova Scotia. I am a Canadian citizen living in Michigan USA. The attorney for the buyer says I will have to hire a $500 accountant to figure what tax I must pay. I find it hard to believe in this simple…
Diane Petryk
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Calculating profit on a partial sale of products

TLDR: How do you calculate profit/loss on individual resales of a bulk purchase of goods with differing values across multiple tax years? If I purchase a lot of 10 items in 2022 for $1,000, what's the right way to calculate profit when it comes time…
Gh0st
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Is the cash from a buy out of mutually owned property taxable? Does capital gains apply?

My ex boyfriend (of 6 years) and I co-owned a property we bought less than two years ago. Upon our split... We agreed that I would refinance the property, and buy him out (approx 150, 000)-removing his name from the title at close. Is the money he…
Sharon
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Capital Gains from property sale in India - nonresident alien student in USA

I inherited a property from my mother after she passed away. The property is in India and I wish to sell it and invest it in infrastructure bonds to avoid capital gains tax in India. I am currently a student in the US on F1 visa (nonresident alien…
ConfusedNRA
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Need help in recording mutual funds on tax returns

If I record the proceeds and costs of all short term and long term mutual fund transactions, why are there additional capital gain distributions? It seems like double taxation.
theronin
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Taxation on withdraw of basis on profitable stock

I have a stock which I paid $3,000 for and it has accumulated another $3,500 in profit. If I ONLY withdraw my original basis of $3,000 will this be taxed as a capital gain? I feel like it wouldn't be because I still have not technically made a…
Josh shapiro
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