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Topic: Capital gain

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In the News (Thu 25 Apr 19)

  Capital gains tax rates -- a look at all the variables (Page 1 of 2)
Currently, capital gains may be taxed at 5 percent, 15 percent, 25 percent or 28 percent or a combination of rates.
These tax levels are known as long-term capital gains and apply to assets that you hold for at least 366 days (more than one year).
Now capital gains and qualified dividends will continue to be taxed at 15 percent (or 5 percent for lower-income taxpayers) through 2010.
www.bankrate.com /brm/itax/tips/20010305a.asp   (687 words)

 Income Tax - Colorado Source Capital Gain Subtraction
Capital gain income that qualifies for both the Colorado capital gain subtraction and the interest/dividend/capital gain subtraction (explained in FYI Income 40) may be deducted only once.
The Colorado capital gain subtraction is limited to the lesser of the amount of the federal net capital gain reported on Schedule D or the qualifying Colorado net capital gain.
The capital gains from this transaction would qualify for the subtraction for 1999, 2000, 2001 and 2002 because the asset was acquired after May 9, 1994 and, under the general rule, a state surplus is not required.
www.revenue.state.co.us /fyi/html/income15.html   (2713 words)

 Capital gain - Wikipedia, the free encyclopedia
Capital gains occur in both real assets, such as property, as well as financial assets, such as stocks or bonds.
Appreciated capital assets that are sold after being held less than one year (short-term capital gain) will be taxed as ordinary income, which rises as high as 35% in the progressive tax system.
Unrealised capital gains occur when it is known that the asset has appreciated in value, but the asset has not been sold yet; the gain is only potential.
en.wikipedia.org /wiki/Capital_gain   (416 words)

 Tax Topics - Topic 409 Capital Gains and Losses
When you sell a capital asset, the difference between the amount you sell it for and your basis, which is usually what you paid for it, is a capital gain or a capital loss.
The term "net capital gain" means the amount by which your net long–term capital gain for the year is more than your net short–term capital loss.
If your capital losses exceed your capital gains, the amount of the excess loss that can be claimed is limited to $3,000, or $1,500 if you are married filing separately.
www.irs.gov /taxtopics/tc409.html   (457 words)

 Capital Gains Taxes, by Joseph J. Cordes: The Concise Encyclopedia of Economics: Library of Economics and Liberty
Capital gains have been taxable in the United States since the enactment of the federal income tax in 1913.
Lastly, capital gains held until death are not taxed at all (though the asset is subject to estate taxes).
The gain from staying locked in is greater at higher tax rates, so that the volume of capital gains that are realized falls as the tax rate rises, and vice versa.
www.econlib.org /library/Enc/CapitalGainsTaxes.html   (2165 words)

 Capital Gains
When you sell a capital asset, such as stocks, the difference between the amount you sell it for and your basis, which is usually what you paid for it, is a capital gain or a capital loss.
Capital gains and losses are classified as long-term or short-term, depending on how long you hold the property before you sell it.
Capital gains and losses are reported on Schedule D, Capital Gains and Losses, and then transferred to line 13 of Form 1040.
www.steveshorr.com /405/capital_gains_and_losses.htm   (1062 words)

 Calculate Cost Basis to Determine Capital Gain - American Century   (Site not responding. Last check: 2007-11-02)
Capital gains from shares owned for 12 months or less are short term.
Beginning in 2011, your long-term capital gain tax rate will be 10% for shares that you owned for more than 12 months but for five years or less, and 8% for shares that you owned for more than five years.
Beginning in 2011, your long-term capital gain tax rate will be 20% for shares that you owned for more than 12 months but for five years or less, and 18% for shares that you owned for more than five years.
www.americancentury.com /workshop/articles/calculate_cost_basis.jsp   (549 words)

 HighMark Funds - Capital Gains
Mutual funds pay capital gain distributions because they are required by law to pass along net earnings and profits to their shareholders annually.
Capital gains (both short-term and long-term) are paid to shareholders when a mutual fund has sold securities at a profit.
Long-term capital gains are taxed at rates that, for many investors, are lower than their ordinary income-tax rates.
www.highmarkfunds.com /AccountAccess/capitalgains.asp   (777 words)

 capital gain Definition
A realized capital gain is an investment that has been sold at a profit.
An unrealized capital gain is an investment that hasn't been sold yet but would result in a profit if sold.
Capital gain is often used to mean realized capital gain.
www.investorwords.com /706/capital_gains.html   (200 words)

 Van Kampen Investments -- Understanding Your Capital Gains Distributions -- RN05-02724P-N10/05   (Site not responding. Last check: 2007-11-02)
Gains on securities held for one year or less are considered short-term capital gains to the fund.
Gains on securities held by the fund for longer than one year are considered long-term capital gains.
Capital gains are based on when the fund's managers purchased those securities, regardless of when you purchased your shares.
www.vankampen.com /vksite/news/trends/understandcapgains.asp   (697 words)

 Capital Gain and Loss Categories
Capital gains and losses are divided between short-term and long-term, and there are other special categories.
Short-term capital gain is taxed at the same rate as ordinary income (like wages and interest income), unless you have a capital loss that eliminates it.
Some people are concerned that they cannot use capital losses from one source to offset capital gain from another source.
www.fairmark.com /capgain/cgcateg.htm   (645 words)

 Capital Gains
The basic rule for calculating capital gains is the sales price minus the cost of selling less the adjusted tax basis (cost basis), which equals the taxable capital gain or loss.
Long-term capital gains are taxed at 5 percent for taxpayers in the 10 or 15 percent income tax bracket overall and 15 percent if taxpayers are in any other tax bracket.
If these capital gains were realized before May 6, 2003, they are subject to the old capital gains rates of 20 percent for those in the 25 percent and above income tax brackets and 10 percent for those in the 10 and 15 percent tax brackets.
www.gainskeeper.com /glossary_CapitalGainsTax.html   (1231 words)

 Texas Income Property, Inc. - Capital Gains Law   (Site not responding. Last check: 2007-11-02)
Understanding the new rate reduction in place for long-term capital gains is especially important for taxpayers whose stocks or real estate have benefited from the recent growth in the economy.
These gains are taxed at the same income tax rate of ordinary income, ranging from 15 percent to 39.6 percent.
For taxpayers in the remaining brackets, ranging from 28 percent to 39.6 percent, the gains are taxed at 20 percent.
www.texasincomeproperty.com /capitalgains2.php   (978 words)

 Capital gains tax - Wikipedia, the free encyclopedia
Capital gains tax in Australia is only payable upon realized capital gains, except for certain provisions relating to deferred-interest debt such as zero coupon bonds.
It is notable that your gains subject to CGT are from monies that you already paid income tax on; capital gains arise from positive appreciation of assets paid for with after-tax income.
Some might think that just because, in the United States, income subject to capital gains tax treatment is excluded from ordinary income taxation by 26 USC ┬ž 1(h) [3], and so it is legally impossible to doubly tax capital gains under that law.
en.wikipedia.org /wiki/Capital_gain_tax   (1621 words)

 TAP: Vol 8, Iss. 33. Capital's Gain. Lawrence Mishel.   (Site not responding. Last check: 2007-11-02)
Thus, a higher cost of capital [that is, high real interest rates] and a lower cost of labor can plausibly explain a shift of firms away from capital and towards labor, and thus an increase in the profit rate.
Before-tax capital income has grown to its highest levels since the mid-1960s, while the after-tax return on capital is as high or higher than in any year since 1959 (the earliest year for which a measure is available).
This loss of wages from the shift of income to capital is comparable in size to the lost wages of the typical worker due to factors such as the shift to services, globalization, deunionization, or any of the other prominent causes of growing wage inequality.
www.prospect.org /print/V8/33/mishel-l.html   (1952 words)

 Capital Gain
Capital Gain Capital Gain An increase in the value of a capital asset (investment or real estate) that gives it a higher worth than the purchase price.
short term capital gain, which is taxed at your income tax rate, as high as thirty-nine percent.
Most people think the $600 tax loss is the last of their worries, but this is where the real problem with capital gains begins, unless you are a true buy and hold investor.
sncuda65.freeservers.com /index.html   (405 words)

If a taxpayer holds (owns) a capital asset for more than one year (1 year and a day) and then sells that asset AFTER May 5, 2003 and before January 1, 2011, the maximum capital gains tax rate that will be paid on the gain from that sale will be 15%.
If the above taxpayer waited and sold that capital asset in the years 2008, 2009 or 2010, and was in the 10% or the 15% income tax bracket, then for those years only, the taxpayer would pay ZERO federal income tax on the capital gain.
Capital gains tax on assets held over 12 months will be 20%, the same as it has been since 1/1/1998, except for certain assets purchased after 1/1/2001, or on assets where the specific tax election is made as of 1/1/2001 and the tax paid at that time.
www.sanderscpa.com /capital_gains_tax_rate_informati.htm   (1096 words)

 Realty Times - Real Estate News and Advice   (Site not responding. Last check: 2007-11-02)
If the property has been held for less than one year, it is a short-term gain; if the property has been held from more than one year, it is a capital gain.
Oversimplified, your capital gain is the difference between the adjusted selling price ($376,000) and the adjusted purchase price of $123,000 – namely $253,000.
capital gain: since you have held the property for more than one year, you are eligible for the capital gains tax rate, which currently is 20 percent of the appreciation.
realtytimes.com /rtnews/rtcpages/20021216_capitalgains.htm   (1317 words)

 Capital Gain Allocations
Capital gain dividends are reported in box 2a of Form 1099-DIV, Dividends and Distributions.
It puts you in about the same place you'd be in if you received a capital gain dividend in cash, paid tax with part of that cash, and then bought additional shares with the cash that was left over.
When you receive a capital gain allocation on Form 2439, you get to increase the basis in your mutual fund shares by 65% of the amount of the allocation.
www.fairmark.com /mutual/cgalloc.htm   (755 words)

 Van Kampen Investments -- Open-End Funds Capital Gains -- RN06-00838P-N03/06
We are required to distribute the net amount that capital gains exceed capital losses to shareholders at least once each year.
Short-term capital gain dividends paid by a mutual fund are characterized for tax purposes as ordinary income.
Short-term capital gain represents the net gain recognized on securities held in the fund’s portfolio for one year or less before being sold.
www.vankampen.com /vksite/news/capgains0306.asp   (783 words)

 FOREX.com > About > FOREX.com > GAIN Capital Group   (Site not responding. Last check: 2007-11-02)
Founded in 1999 by Wall Street veterans, GAIN Capital Group is now one of the largest, most respected firms in the industry, servicing clients from more than 140 countries around the globe, including fund managers, Commodity Trading Advisors (CTAs), and individual traders.
GAIN Capital's increase in revenues of 23,318% from 2000 to 2004 resulted in the number one ranking in the Deloitte Technology Fast 50 for New Jersey.
GAIN Capital Group is the first non-bank institution named #1 Currency Forecaster by FX Week.
www.forex.com /gain_capital.html   (310 words)

 Capital Gain
The gain is not realized until the asset is sold.
A capital gain may be short-term (one year or less) or long-term (more than one year), and must be claimed on income taxes.
Long-term capital gains are usually taxed at a lower rate than regular income.
baystreet.investopedia.com /terms/c/capitalgain.asp   (102 words)

 All you wanted to know about capital gain
A short-term capital gain is added to your total income. Depending on which tax bracket you fall under, you will be taxed.
A long-term capital loss can be carried forward for eight years to be set off against a long-term capital gain.
A short-term capital loss can be set off against any income under the head capital gains (whether short-term or long-term) and can also be carried forward for eight years.
in.rediff.com /getahead/2005/feb/22tax.htm   (835 words)

 American Funds - The effect of a capital gain distribution on a fund’s price
When you sell a capital asset — such as a stock or a bond —; for more than you paid for it, you make a profit, or experience a capital gain.
If sales of the fund’s securities have realized a profit of $2 a share during the year, a capital gain distribution of $2 will be deducted from the NAV on a specified date, so on that date the fund share price will decline to $8.
If the fund pays a capital gain distribution of $2 a share (or $200, since you have 100 shares), the NAV drops to $8 a share and your original 100 shares are now worth $800.
www.americanfunds.com /funds/effect-capital-gain.htm   (617 words)

 American Funds - Capital gains FAQ
If gains exceed losses, funds are required by law to distribute substantially all of their net gains to their shareholders before the end of the calendar year.
If sales of the fund’s securities have realized a profit of $2 a share during the year, a capital gain distribution of $2 will be deducted from the NAV on a specified date — and on that date the fund share price will decline to $8.
The capital gain distributions you receive will be reported on your year-end account statement and on your Form 1099-DIV, which will be mailed to you in January of each year.
www.americanfunds.com /planning/tax/capital-gains/faq.htm   (772 words)

 New Capital Gain and Dividend Tax Rates from Tax Act of 2003   (Site not responding. Last check: 2007-11-02)
First is the decrease in the capital gain tax rate and second is the dramatic reduction on the tax rate on dividends.
While these transitional rules are complex, their general effect is to apply the lower rates to gain from the sale of capital assets sold or exchanged on or after May 6, 2003.
The lower capital gains rates apply for purposes of both the regular and alternative minimum tax.
www.tradersaccounting.com /taxrates.asp   (826 words)

 Capital Gain Option trading   (Site not responding. Last check: 2007-11-02)
You have a capital gain or loss that is either short term or long term, depending on your holding period.
Any gains or losses resulting from trading equity options are treated as capital gains or losses and are reported on IRS Schedule D.
These are subject to the provisions of IRS Code Section 1256, which states that any gains or losses from the sale of these securities are subject to the 60/40 rule (60% of gains and losses are long-term and 40% are short-term, regardless of how long the securities are held).
www.armencomp.com /tradelog/capital_gain_option.shtml   (572 words)

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