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I'm not sure what you mean by transferred...if you mean form say an Ameritrade account to a Schwab...no. There must be a change of ownership (or type of ownership), not just where held. Hence if you transfer from say an IRA to a non-tax defeered, or personal, account it would be taxable.
What else can I help you with?
what do I pay in capital gains for 70,000 dollars ?
If I get a severance package check for $120,000.00 how much is withheld in taxes, I live in NY? what do i pay in capital gains on 100000.00 dollars
Do you have to pay a tax on stocks that were left to you?
No. You don't have to pay taxes on ANYTHING left to you. It's a gift, and the person (or estate) leaving it to you would have to pay any estate taxes.Also, when you sell the stocks (for capital gains) you will only be taxed on the increase in value from what they were worth the day your benefactor died, something called the "stepped-up basis".
Do you have to pay capital gains tax in PA?
I think so...
If I sell my home and buy another, will I have to pay capital gains tax?
If you sell your home and buy another, you may or may not have to pay capital gains tax based on what how much equity you have, what law is in your state about capital gains tax, and also your economic situation of how you spend your funds.
Do you have to pay capital gains tax when selling a property?
Capital gains tax is a tax on capital gains if when you sell or give away an asset it has increased in value you may be taxable on the gain this doesnt apply when you sell personal belongings worth six thousand pounds or lesss nor will you have to pay capital gains taxwhen you sell your main home provided certain conditions are met but you will be required to pay cgt on any other properties which you own ie if you own a villa in forta ventura and decide to sll it then any profit you make will be taxable as a capital gain Whether you pay capital gains on a property is determined by a number of different variables. To get an explanation on capital gains taxes see: http://www.sellmyhomeinmetrowestma.com/Capital_Gains/page_2233154.html
If you were transferred for your job and will not live in your house for 5 years will you pay capital gains tax?
Not simply by not living there.
Why is there a capital gains tax?
The capital gains tax is imposed by the government to tax the profit made from selling assets like stocks or property. It helps generate revenue for the government and ensures that individuals pay taxes on their investment gains.
Do you pay capital gains on dividends?
No, you do not pay capital gains tax on dividends. Dividends are typically taxed at a different rate than capital gains.
Do you pay capital gains on inheretence?
Yes it is possible that you could have to pay some capital gains tax on the sale of some inherited capital assets.
Do you pay capital gains on a traditional IRA?
Yes, you will pay capital gains tax on any earnings from a traditional IRA when you withdraw the funds.
Do you pay capital gains tax on your first house?
Yes it is always possible that may be required to pay some capital gains tax on the sale of your first house.
what do I pay in capital gains for 70,000 dollars ?
If I get a severance package check for $120,000.00 how much is withheld in taxes, I live in NY? what do i pay in capital gains on 100000.00 dollars
Is it possible to pay capital gains tax early?
Yes, it is possible to pay capital gains tax early by voluntarily reporting and paying the tax before the deadline.
Do you have to pay a tax on stocks that were left to you?
No. You don't have to pay taxes on ANYTHING left to you. It's a gift, and the person (or estate) leaving it to you would have to pay any estate taxes.Also, when you sell the stocks (for capital gains) you will only be taxed on the increase in value from what they were worth the day your benefactor died, something called the "stepped-up basis".
Do people have to pay income tax on realized investments after they pay capital gains tax?
No. You will not pay income tax in addition to capital gains tax if I understand you correctly. However, capital gains tax for an individual is reported and paid on your 1040 income tax return. The only difference is that the rate for capital gains taxes is lower than the regular income tax levels.
Do you pay capital gains on land sales?
Yes, capital gains tax is typically paid on the profit made from selling land.
Can you reinvest your capital gains?
Sure...but you pay tax on them anyway.
