Tips for reporting capital gains and losses on your taxes

Taxes: Capital Gains & Losses



Related Topics

Taxes: Audits

Taxes: Charitable Giving

Taxes: Children

Taxes: Deductions, General

Taxes: Dependents

Taxes: Education

Taxes: Employment

Taxes: Estates & Inheritances

Taxes: Gifts

Taxes: Healthcare

Taxes: IRS Debt

Taxes: Marriage

Taxes: Mortgages

Taxes: Planning

Taxes: Preparation & Filing

Taxes: Property Taxes

Taxes: Record Keeping

Taxes: Refunds

Taxes: Rental Property

Taxes: Self Employment

Related Topics

Investments: Taxes

IRAs and Retirement Plans: IRAs and Taxes

Reporting Your Investment Earnings

Bankrate

The IRS considers your investments earnings to be unearned income. And they want to know how much you make each year on earnings from your savings accounts, stocks and bonds, certificates of deposit or mutual funds. Just how you report your investment income, however, depends largely on how much you made.

Reporting Your Capital Gains (or Losses)

Bankrate

You survived a turbulent stock market, making a little profit on a couple of stocks and dumping some dogs just in time. Well, the ride isn't over yet. Buckle up and get ready to report your transactions to the Internal Revenue Service. If you sold a stock or other property, regardless of whether you made or lost money on it, you have to file Schedule D. This two-page form, with all its sections, columns and special computations, looks daunting and it certainly can be.


No Capital Gains Due for Some Investors

Bankrate

You heard right. There's no capital gains tax on the sale of assets held for more than a year. But before you rush to your broker to sell all your stocks and mutual funds, check out the new law's finer points and how they might or might not apply to you.

A Look at the Many Capital Gains Rates

Bankrate

Money gurus are always preaching long-term investing. Not only will that give you a better shot at earning more, it'll also get you a lower tax rate when you sell. Currently, capital gains are at historic lows. Some taxpayers in the two lowest tax brackets could end up without any capital gains tax bill. That's right, zero capital gains for some filers.

Capital Losses Can Help Cut Your Tax Bill

Bankrate

Plummeting stock prices can cast a dark cloud over anyone's finances. However, at tax time, these capital losses can produce a ray of write-off sunshine. When you sell any pharmaceutical flops or banking blunders, you can use them to offset gains from more successful ventures -- or even a portion of your everyday income.

Year-End Tax Move: Sell Stocks to Harvest Losses

Bankrate

Plummeting stock prices can cast a dark cloud over anyone's finances. However, at tax time, these capital losses can produce a ray of write-off sunshine. Here's what to do.


Get your biggest tax refund guaranteed with TurboTax, the #1 best selling tax software. Start for free.


Capital Gains and Your Home Sale

Bankrate

The rules keep changing, but the home sale tax break is still one of the best around. Homeowners already know the many tax breaks that Uncle Sam offers, most notably mortgage interest and property tax deductions. Well, he also has good tax news for home sellers: Most of them won't owe the Internal Revenue Service a single dime.

Declaring an Investment Loss on Land

Bankrate

We purchased land as an investment and the investment did not do so well. After paying interest, taxes, etc., you will be selling the land at a loss -- considerably less than the purchase price. Can you declare this investment loss on your next tax return?

More Articles:


Stay Connected with TDS





TDS Pantry Challenge





Subscribe to TDS Newsletters

Join over 250,000 other subscribers!

The Dollar Stretcher
Dollar Stretcher Parents
Dollar Stretcher Tips
Surviving Tough Times
Financial Independence
Savvy Savings at TDS
The Computer Lady
Computer Lady Lessons

Your Email:


View the TDS Privacy Policy.