http://www.capital-gains.info http://www.capital-gains.info/Figuring_Cost_Basis.html If you received property for your services, include the property' s fair market value in income. The amount you include in income becomes your basis. http://www.capital-gains.info/Figuring_Cost_Basis.html http://www.capital-gains.info/Other_Basis.html There are many times when you cannot use cost as basis. For example, cost is not used as a basis in the acquisition of property in any other way than purchasing it. http://www.capital-gains.info/Other_Basis.html http://www.capital-gains.info/Capital_Gains_Tax_Rules.html On the subject of capital gains and capital gain taxes, the IRS has strict rules and regulations. Below are capital gains tax rules you should know when figuring out capital gains and losses. http://www.capital-gains.info/Capital_Gains_Tax_Rules.html http://www.capital-gains.info/Carryover_Basis.html In this section, we discuss carryover basis often used in 1031 exchange calculations. Code Section 1012 provides that the basis of a property is its purchase price or original cost unless specified otherwise. http://www.capital-gains.info/Carryover_Basis.html http://www.capital-gains.info/1031_Exchange_Program.html In this reality, said the good Benjamin Franklin, nothing is sure but death and taxes. While contemporary drug continues to make on a remedy for mortality, 1031 exchange program provides an invaluable mechanism against the foibles of the taxman. http://www.capital-gains.info/1031_Exchange_Program.html http://www.capital-gains.info/1031_Exchange.html A 1031 exchange is one of the most useful tool in wealth building. The best known 1031 exchange is probably the most commonly used tool for tax deferral in real estate investing. http://www.capital-gains.info/1031_Exchange.html http://www.capital-gains.info/Capital_Gains_Tax_Rates_5_years.html When capital assets are held for more than five years, the capital gains tax rates are either 5% or 15% depending on your tax brackets. The capital gains tax rates used to be different for special capital assets. However, the Jobs and Growth Tax Relief Reconciliation Act of 2003 (JGTRRA 2003) eliminated the special capital gains tax rate for capital assets held for more than five years. http://www.capital-gains.info/Capital_Gains_Tax_Rates_5_years.html http://www.capital-gains.info/Capital_Gains_Tax_Rate.html The capital gains tax rate you pay depends on many factors. Your capital gains tax rate can be between 5% and 28%. However, for most people, the capital gain tax rate they pay is either 5% or 15%. http://www.capital-gains.info/Capital_Gains_Tax_Rate.html http://www.capital-gains.info/Reducing_Tax_Impact.html Different financial institutions have different policies. Some, for example, will pay accounts (other than corporate and tax-exempt accounts) that receive substitute dividend an additional credit of 30.77% of the amount of the substitute dividend to compensate for negative tax implications. http://www.capital-gains.info/Reducing_Tax_Impact.html http://www.capital-gains.info/Spillover_Dividend.html A spillover dividend is a dividend payment in the current year, declared and taxable in the prior year. For example, several closed- and open- end mutual funds companies will declare a dividend with a record date in December 2003 and a payable date of January 2004. In these cases, the dividend is taxable in the year declared, that is 2003. http://www.capital-gains.info/Spillover_Dividend.html http://www.capital-gains.info/How_to_Figure_Capital_Gains_Tax.html Below is how to figure capital gains tax according to the rules set forth by the IRS. First of all use the table below to figure out if you have capital gains or capital losses. http://www.capital-gains.info/How_to_Figure_Capital_Gains_Tax.html http://www.capital-gains.info/Types_of_Cost_Basis.html Cost basis can be applied to different assets such as personal properties, stocks and bonds, and real estate properties. Cost basis is adjusted (increased or reduced) in figuring out capital gains or losses. http://www.capital-gains.info/Types_of_Cost_Basis.html http://www.capital-gains.info/Capital_Gain_Taxes.html Paying capital gain taxes is inevitable. If you make money selling capital assets then you owe the IRS capital gain taxes. http://www.capital-gains.info/Capital_Gain_Taxes.html http://www.capital-gains.info/Capital_Gains_Tax.html The most important capital gains tax laws are found in the Jobs and Growth Tax Relief Reconciliation Act of 2003 (JGTRRA). JGTRRA made the capital gains tax laws which reduced the long term capital gains tax rates through 2008. http://www.capital-gains.info/Capital_Gains_Tax.html http://www.capital-gains.info/Qualified_Dividends_FAQs.html Real estate investment trust (REITs) distributions can qualify for the lower dividend tax rate. However, since REITs must invest primarily in real estate assets (rather than qualifying corporate stock), it is unlikely that a significant portion of REITs distributions will qualify for the lower rates. Check with the REITs directly for specific information regarding qualified dividends distributions. http://www.capital-gains.info/Qualified_Dividends_FAQs.html http://www.capital-gains.info/Qualified_Dividends.html In general, “qualified dividend income” or "qualified dividends" means dividends received from: Domestic corporations, and Qualified foreign corporations. http://www.capital-gains.info/Qualified_Dividends.html http://www.capital-gains.info/Holding_Period.html The holding period is used to determine whether capital gains on are long term capital gains or short term capital gains. Long term capital gains are taxed at long term capital gains tax rates. Short term capital gains are taxed at short term capital gains tax rates. http://www.capital-gains.info/Holding_Period.html http://www.capital-gains.info/Capital_Gains.html When you sell capital assets, you have to report either capital gains or capital losses to the IRS. If you sell the capital asset for more than your cost basis, you incur a capital gain. http://www.capital-gains.info/Capital_Gains.html http://www.capital-gains.info/Adjustments_to_Basis.html Below are some items that will either increase basis of decrease basis. http://www.capital-gains.info/Adjustments_to_Basis.html http://www.capital-gains.info/Adjusted_Basis.html Before figuring gain or loss on a sale, exchange or other disposition of property or figuring allowable depreciation, or amortization, you must make certain adjustments (increases or decreases) to the basis of the property. The result of these adjustments to the basis is the adjusted basis. http://www.capital-gains.info/Adjusted_Basis.html http://www.capital-gains.info/Cost_Basis.html Cost basis definition (What is cost basis?) The basis of property you buy is usually its cost. The cost is the amount you pay in cash, debt obligations or in other property. http://www.capital-gains.info/Cost_Basis.html http://www.capital-gains.info/What_is_Basis.html Basis is the amount of your investment in property for tax purposes. You use the basis of property to figure the tax deductions for depreciation. http://www.capital-gains.info/What_is_Basis.html http://www.capital-gains.info/What_is_Adjusted_Basis.html Below is an explanation of what adjusted basis is. Adjusted basis, along with other type of basis are important for 1031 exchanges. Adjusted basis is often used as the new basis for a like kind exchange. http://www.capital-gains.info/What_is_Adjusted_Basis.html http://www.capital-gains.info/Reverse_1031_Exchange.html So what exactly is a Reverse 1031 exchange? A Reverse 1031 exchange is just what it sounds like, an exchange that you are allowed to buy the replacement first and sell your property for exchange later! http://www.capital-gains.info/Reverse_1031_Exchange.html http://www.capital-gains.info/1031_Exchange_Rules.html What you are about to read is by far the simplest list of 1031 exchange rules you will find. The basic requirements for a 1031 exchange to take place can be summarized into six points. http://www.capital-gains.info/1031_Exchange_Rules.html http://www.capital-gains.info/1031_Tax_Deferred_Exchange.html A 1031 tax deferred exchange step-by-step guide financial article by Mark Hays. Mark Hays has done many 1031 exchanges himeself and for his clients. http://www.capital-gains.info/1031_Tax_Deferred_Exchange.html http://www.capital-gains.info/1031_Exchange_Explained.html The 1031 exchange is one of the most used tools for tax deferral. This 1031 Exchange Explained section of Capital Gains website discusses how the 1031 exchange works today. http://www.capital-gains.info/1031_Exchange_Explained.html http://www.capital-gains.info/The_Five-Year_Rule.html Under the Jobs and Growth Tax Relief Reconciliation Act of 2003 (JGTRRA 2003), there is no special capital gains tax rate for assets held for more than five years that are sold on or after May 6, 2003 and prior to 2009. This is sometimes known as the five year rule of capital gains tax rates. http://www.capital-gains.info/The_Five-Year_Rule.html http://www.capital-gains.info/JGTRRA_2003.html The Jobs and Growth Tax Relief Reconciliation Act of 2003 (JGTRRA 2003) made extensive changes to the long term capital gains tax rates through 2008 and the changes are summarized below. http://www.capital-gains.info/JGTRRA_2003.html http://www.capital-gains.info/Capital_Gains_Tax_Rates.html Qualified dividends and net long term capital gains (with certain exceptions) are taxed at a maximum rate of 15%. http://www.capital-gains.info/Capital_Gains_Tax_Rates.html http://www.capital-gains.info/Receiving_Substitute_Dividend.html You may receive substitute dividend only if you carry a debit balance in your margin (Type 1) account and your shares are loaned out by your financial institution. If you do not carry a debit balance or if you carry a debit balance but your shares are not loaned out will not receive substitute dividends. http://www.capital-gains.info/Receiving_Substitute_Dividend.html http://www.capital-gains.info/Substitute_Dividend.html Assets held in margin accounts where the account owner is carrying a debit balance are generally subject to rehypothecation (being loaned out). When margined shares are loaned by the financial institution where the account is held, substitute (rather than actual) dividends may be allocated to that account. http://www.capital-gains.info/Substitute_Dividend.html http://www.capital-gains.info/Dividends_and_Capital_Gains_Distributions_2005.html Most mutual funds will declare net investment income dividends and capital gains distributions, payable in December. To receive the capital gains distributions, you must have been the mutual funds shareholder on the record date. Capital gains distributions are the same for all classes. http://www.capital-gains.info/Dividends_and_Capital_Gains_Distributions_2005.html http://www.capital-gains.info/What_is_Cost_Basis.html Below is the cost basis definition as well as information about different cost basis, uses of cost basis and how to calculate each cost basis. http://www.capital-gains.info/What_is_Cost_Basis.html http://www.capital-gains.info/Capital_Gains_Taxes.html This section of Capital Gains website discusses capital gains taxes and other terms relating to capital gains and capital loss. http://www.capital-gains.info/Capital_Gains_Taxes.html http://www.capital-gains.info/Laws_Regarding_Capital_Gain_on_Homes.html So, what are the laws regarding capital gain on homes? When you sell your home, you will have either capital gain or capital loss. If you have capital gain, you should know the laws regarding capital gain on homes. http://www.capital-gains.info/Laws_Regarding_Capital_Gain_on_Homes.html http://www.capital-gains.info/Capital_Gains_Tax_Laws.html Are you at all unsure about the whole Capital Gains Tax laws issue? There's no need to be. Although capital gains and capital gains tax are very important concepts for American investors, the capital gains tax laws and rules aren't as perplexing as one might think. http://www.capital-gains.info/Capital_Gains_Tax_Laws.html http://www.capital-gains.info/Offset_Capital_Gains_and_Capital_Losses.html Capital gains and losses can offset each other. That means any capital gains can offset any capital losses. The following capital loss tax rules apply. Net short term capital gains against short term capital losses, including short-term amt capital loss carryforward from prior years). http://www.capital-gains.info/Offset_Capital_Gains_and_Capital_Losses.html http://www.capital-gains.info/Offset_Realized_Capittal_Gains.html When you have realized capital gains, you owe capital gains taxes. Investors, therefore, seek to offset realized capital gains in order to reduce the capital gains taxes they owe the IRS. There are a number of ways to offset realized capital gains, thus reducing the amount of capital gains tax due to the IRS. http://www.capital-gains.info/Offset_Realized_Capittal_Gains.html http://www.capital-gains.info/Mutual_Funds.html Mutual funds are able to pass through Qualified Dividend Income they receive to their shareholders. Qualified dividends include actual dividends passed through from mutual funds holdings but does not include interest or short-term capital gains (despite the fact that these latter two items are also reported as dividend income). http://www.capital-gains.info/Mutual_Funds.html http://www.capital-gains.info/Non-_Qualified_Dividends.html List of non qualified dividends and their capital gains tax rates. http://www.capital-gains.info/Non-_Qualified_Dividends.html http://www.capital-gains.info/Holding_Period_for_Qualified_Dividends.html The holding period requirement can be satisfied if the stock is acquired the day before the ex-dividend date and then held for 60 days. http://www.capital-gains.info/Holding_Period_for_Qualified_Dividends.html http://www.capital-gains.info/1099_-_DIV_Forms.html Qualified Dividends are reported in column 1b of 1099 - DIV Forms. Qualified Dividends are included in the “Ordinary Dividends” reported in column 1a of Form 1099 - DIV. http://www.capital-gains.info/1099_-_DIV_Forms.html http://www.capital-gains.info/Tax_Rates_on_Qualified_Dividends.html Under the Jobs and Growth Tax Relief Reconciliation Act of 2003 (JGTRRA), beginning in 2003 and continuing through 2008, “qualified dividend income” or qualified dividends received by an individual is now taxed at the same tax rates that apply to long-term capital gains. http://www.capital-gains.info/Tax_Rates_on_Qualified_Dividends.html http://www.capital-gains.info/index.html Resource website on capital gains and capital gains tax, including how to offset capital gains taxes with capital losses, spillover dividend, and capital gains tax rates. Capital gains tax can be reduced under certain circumstances. http://www.capital-gains.info