There is no tax software specifically called "Capital Gains Tax Software". Capital gain tax software is a product that tracks capital gains tax information for you and/or assists you in filing your tax return with that information. SPK Credit recommends Simply Track as the best software for this and the product can be downloaded for free from here: http://download.cnet.com/Simply-Track-Pro/3000-2047_4-10350587.html
Trader Tax is the name of a tax software company that specializes in doing capital gains software. You can find them on their website, and you can download the software from there.
Capital gain taxes are based in large part on your ordinary tax rate.... * Ordinary tax rate 10%, long term capital gains tax 0%, short term capital gains tax 10% * Ordinary tax rate 15%, long term capital gains tax 0%, short term capital gains tax 15% * Ordinary tax rate 25%, long term capital gains tax 15%, short term capital gains tax 25% * Ordinary tax rate 28%, long term capital gains tax 15%, short term capital gains tax 28% * Ordinary tax rate 33%, long term capital gains tax 15%, short term capital gains tax 33% * Ordinary tax rate 35%, long term capital gains tax 15%, short term capital gains tax 35%
When using capital gains tax software, you will probably notice that the complexities of preparing your taxes with a 1040 Schedule D form are much easier to understand. With software, you can rely on help menus and components of the software package that can help check your math for you during the process of tax preparation.
A capital gains tax is applied to the sale of financial assets. The capital gains tax in Ohio is 15 percent.
To find out exactly what is owed in capital gains tax, you should utilize the services of a certified tax preparer. Alternatively, software programs such as TurboTax can also be used for this purpose.
Capital gains software can be found from a website called Tradelog. Tradelog makes tax reporting fun and easy and not a dreaded task of the past. Tradelog is IRS friendly and comes with compatible software for your computer.
The capital gains tax rates are determined by the type of investment asset and the holding period of the asset. In additional to the federal capital gains tax rates, your capital gains will also be subject to state income taxes. Many states do not have separate capital gains tax rates. Instead, most states will tax your capital gains as ordinary income subject to the state income taxes rates.
Turbo Tax has long been the go to for do-it-yourself tax software. They even have it for free on the internet now. There are also other site which promote Tax software but none are as renowned as Turbo Tax.
To compute capital gains tax, subtract the original purchase price of an asset from the selling price to determine the capital gain. Then, apply the capital gains tax rate to the gain to calculate the tax owed.
To calculate capital gains tax on investments, subtract the purchase price of the investment from the selling price to determine the capital gain. Then, apply the capital gains tax rate to the gain to determine the tax owed.
To calculate capital gains tax on investment profits, subtract the purchase price of the investment from the selling price to determine the capital gain. Then, apply the capital gains tax rate to the gain to determine the tax owed.
Higher the capital gains tax, lesser would be incentive for investment.