The Capital Gains Blog

Posts Tagged ‘capital’

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Question: If you sell your business is it a capital gain/loss or is it treated as income for tax purposes?

Answer: The sale of a business is a highly complex transaction, involving the transfer of assets, inventory, goodwill, etc. Each has it’s own tax treatment so professional assistance is mandatory for all parties involved in the transfer. Most business transfers will involve both capital gains (or losses) as well as some component of ordinary gains (or losses).

Treasuries Find Greenspan’s Canary Fainting in Mine (Update2)

March 29 (Bloomberg) — Former Federal Reserve Chairman Alan Greenspan’s warning that rising yields on government debt will drive up American borrowing costs is resonating with the world’s biggest bond traders, who say this month’s losses in the market for U.S.

Question: What is the best stock management tool for indian stock markets ?

I want to be able to track capital gains , genertae reports, or see asset allocations, may be create an asset allocationplan etc from that software /service.
(Something LIKE micrsoft money but for indian markets..)

Answer: first set your portfolio on a wesite which is very good that will link you to current position! try 10paisa.com or moneycontrol.com or google it!

How open is open core and is that open enough

ZDNet: “The idea is that you make the center of your product open source, but put the rest under a paid license. This is supposed to make your venture capital backers happy. You gain the benefits of open source but customers aren’t “stealing” the software.”

Asian Markets Overview for March 4, 2010

Question: How are Capital Gains treated in a Traditional IRA if one waits until age 59.5 (or later) to make withdrawls?

Imagine two people starting starting with 2,000 pre-tax dollars to invest at age twenty-five. The tax rate is a constant 25 %, and the capital gains rate is constantly 15 %.One person invests in the ROTH IRA (for 1,500 dollars because of the tax), and one invests in the Traditional IRA. If the annual rate of return for each investor is 8%, who does better in the end if retirement is age 70, exactly 45 years later?

Answer: That’s an interesting scenario. Using my retirement calculator, the traditional IRA would have the largest absolute value at retirement. But the annual payout would be the same either way. The specific amount varies depending on assumed life expectancy, but it stays the same for both IRAs.

Note that Capital Gains Tax is irrelevant. The Roth payout is tax free and the traditional payout is taxed at ordinary income rates.

Greenspan: Rising Treasury yields may signal interest-rate gains

Former Federal Reserve Chairman Alan Greenspan said the recent rise in Treasury yields represents a “canary in the mine” that may signal further gains in interest rates.

Budget 2010 predictions: Is there a future for pensions as we know them?

Question: Do I owe Capital Gains Tax on the sale of the house my brother and I inherited when my mom died in Feb. 09?

She bought the house for $110k in 2006. After she died, the house appraised for $110k, and we sold it for $110k in July 09. I paid about $3400 in legal fees, closing costs, etc. After payment of the mortgage balance, my brother and I each cleared about $4200.

Answer: You must report the sale, but you do not have to pay anything unless you fail to report it properly.

If you wish to obey the law and pay nothing, then you must report the sale on Schedule D and enter the correct basis and proceeds so that there are no gains. You then pay nothing.

However, if you break the law by not reporting it, then the IRS will falsely assume that it was bought for nothing and that the basis is $0, and will charge you capital gains tax on the entire $110,000.

Angle Announces 2009 Fourth Quarter and Year-End Results

CALGARY, ALBERTA–(Marketwire – March 22, 2010) – Angle Energy Inc. (“Angle” or the “Company”) (TSX:NGL) is pleased to announce its financial and operating results for the three months and year ended December 31, 2009. /

Home For Sale Lynnwood WA $2499000 Shari Song

Question: Do you need to pay tax on capital gains if you reinvest immediately? (Canadian tax laws apply)?

I bought RY and hold for 9 months, sold in November 06, then reinvest all the proceeds into TD. My cap gain was roughly $5,000. Do I have to pay tax on that?

Answer: Yes you do.

YOu must claim the $5000 as a capital gain, regardless of the fact that you reinvested it. Complete Schedule 3 on your tax return and be sure to deduct any commissions that you paid your broker.

The taxable portion of this gain will only be $2,500.

Ark. GOP gubernatorial candidate Keet calls for cuts in capital gains, income taxes

LITTLE ROCK, Ark. – Republican gubernatorial candidate Jim Keet on Tuesday called for phasing out the state’s tax on capital gains and a reduction in Arkansas’ income tax.