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Do you have to pay a capital gain tax if you transfer all your stock to your daughter?
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If you sell stock do you owe tax on the capital gain of the stock or entire principle amount?
You only owe tax on the capital gain.
What is the short term capital gain rate for stocks?
The short term capital gain on a stock held for less than one year is the rate you pay on ordinary income.
What is cost basis of stock?
The cost basis is the original value of an asset adjusted for stock splits, dividends or capital distributions. It is used to figure capital gain or loss for tax purposes
What is capital gain tax and what does it mean to the lower to middle class?
The capital gains tax is a tax on any profits that a person has made on the sale of an asset they own. For example, if you own stock in a corporation or you have bought a mutual fund and that stock or fund appreciates, it is known as a capital gain. When you sell that asset, it is taxed by the government. What this means for the lower and middle classes, is that if you are saving for retirement (which you most likely are), then any extra money you have made in the stock market or other markets, the government is going to be taking a piece of it when you eventually make the sale.
If you sell a stock exactly one year later is that a long term capital gain?
Has to held MORE than one year to be a LTCG. One year or less the sale would be a short term gain.
If you sell stock do you owe tax on the capital gain of the stock or entire principle amount?
You only owe tax on the capital gain.
What are the 2 ways of earning profits from stock?
Interest and capital gain are two ways of earning gain from stock.
How could you earn a capital gain on your stock?
Wait for the stock price to be more than what you paid for it. For example you buy a stock for $5 and in two weeks it jumps to $10 and then you sell it, that is capital gain
What is the difference between a dividend and a capital gain?
dividends are the payments made from the profits in which a person owns stock, and capital gain is the increase in value of a capital asset.
Transfer for the purpose of capital gain?
where a company wishes to enter into a merger or an acquisition, with another company with the intention of increasing its share capital that is mainly the meaning for transfer for the purpose of capital gain. the company acquires the capital of the company it acquires as well. You have certain exceptions to this core definition though, for example in the case of a demerger, when a demerged company transfers its capital asset that shall not be called a transfer for the purpose of capital gain.
If you sell a stock higher then you bought it what do you claim on your taxes?
A capital gain.
What is selling stock at a price higher than the original purchase price brings the seller a capital?
It brings a capital gain.It brings a capital gain.It brings a capital gain.It brings a capital gain.
Is the constant growth takes consideration in capital gain that was earned on a stock?
true
How would you earn a capital gain on your stock?
Buy cheap and sell high.
What is the short term capital gain rate for stocks?
The short term capital gain on a stock held for less than one year is the rate you pay on ordinary income.
If you had your deceased parents stock switched into the name of the estate do you still have to pay capital gain or loss on it how do you determine that when you dont know how much they bought it for?
This is actually one of the biggest holes in the US tax law. The estate gets the stock at the value at the time of the transfer to the estate's name. The Capital gains are only on what occurred once it was transferred.
What is cost basis of stock?
The cost basis is the original value of an asset adjusted for stock splits, dividends or capital distributions. It is used to figure capital gain or loss for tax purposes
