won't until June 07. Can I sell and avoid capital gains as the intent was to have lived in here the last 2 years or will it be calculated on the actual possession date. I did sell my house and had to vacate Aug 05 to take possession of the new puchase which still has not ...
1. What are some capital assets that you have (list 10 that are not securities)? 2. How would you be taxed on each asset if you were to sell it today? In accounting, is owners' investment an asset or revenue? An asset which costs $97,600 and has accumulated depreciation of $82,00...
Do unrealized holding gains continue to build? Is accounts receivable unearned revenue? How do you find beginning retained earnings? When do you put equity on balance sheet? How do you account for inventory in equity? How do you calculate retained earnings from trial balance? How do you calcula...
What is Business Capital? Discussion Comments Byanon475— On Apr 25, 2007 What is the calculation dates considered for capital gains. I have an agreement of purchase from April 2005 with a possession date of Sept 05 however it has not completed and probably won't until June 07. Can I sel...
When the fund distributes capital gains from the sale of securities—this could be taxed at ordinary income tax rates or the more favorable long-term capital gains rate, depending on how long the securities were held in the fund. When you sell or exchange fund shares at a profit—those cap...
2. My worthless coins are still on a “viable” exchange. In this situation you’re out of luck. As long as the coin is still in existence there is no taxable event and therefore no loss to be reported. You have what is known as an unrealized loss on your holdings. If you sell th...
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Most currency ETFs are in the form ofgrantortrusts. This means the profit from the trust creates a tax liability for the ETF shareholder, which is taxed as ordinary income.22They do not receive any special treatment, such as long-term capital gains, even if you hold the ETF for several ...
Gains and losses can be either realized or unrealized. Unrealized gains and losses reflect changes in the value of an investment in your portfolio before it is sold. Investors realize a gain or a loss only when they sell an asset (unless the purchase and sale prices are the same).
It's important to be aware of the tax considerations of both options as reinvested dividends are taxed as if you received cash dividends. Whether they are taxed at ordinary tax rates or the lower capital gains tax rates will depend on whether the dividends are ordinary or qualified. Sponsored...