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Yes, the alternative minimum tax (AMT) can apply to capital gains, as they are included in the calculation of income for AMT purposes.

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5mo ago

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Related Questions

Does capital gains tax apply if parent adds children to title of property?

Assuming the children did not pay for the property (whether in cash, goods, services, assumption of debt), capital gains tax does not apply. Gift tax may apply. However, when the property is sold, the children may owe a capital gains tax.


How do you compute capital gains 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.


How do you calculate capital gains tax on investments?

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.


How do you figure capital gains tax on investment profits?

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.


How do you calculate capital gains tax on investment profits?

To calculate capital gains tax on investment profits, subtract the original 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.


How do I figure out my capital gains tax?

To calculate your capital gains tax, subtract the cost basis of your investment from the selling price to determine the capital gain. Then, apply the appropriate tax rate based on how long you held the investment. Short-term capital gains are taxed at your ordinary income tax rate, while long-term capital gains are taxed at a lower rate.


How do I calculate my capital gains tax?

To calculate your capital gains tax, subtract the cost basis of your investment from the selling price to determine the capital gain. Then, apply the appropriate tax rate based on how long you held the investment and your income level.


How do I calculate capital gains tax on my investment property?

To calculate capital gains tax on your investment property, subtract the property's purchase price and any expenses from the selling price to determine the capital gain. Then, apply the capital gains tax rate, which is typically 15 to 20 depending on your income level and how long you held the property.


Are unrealized capital gains applicable only with stocks?

No, unrealized capital gains are not limited to stocks; they can apply to various types of assets, including real estate, bonds, and other investments that appreciate in value. Unrealized gains refer to the increase in the value of an asset that has not yet been sold. As long as an asset has the potential for appreciation, it can generate unrealized capital gains.


Can you apply non-capital losses against dividend income?

No you cannot apply for non-capital losses against dividend income. Capital losses only offset capital gains up to 3K a year capital losses may be used against ordinary income.


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.


How much is the US capital gains tax?

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%