What is a good reference to learn about tax laws and liabilities associated with investments- ) stocks & equit
Posted by admin on 28 Jul 2008 6:53 pm. Filed under United States.
United States
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What is usually true of the effective tax rate for real estate income property investments?
Posted by admin on 26 Jul 2008 5:00 pm. Filed under United States.
What do investments go under for taxes?
Posted by admin on 19 Jul 2008 7:09 pm. Filed under United States.
Matt asked:
Like profits from the sale of stock and dividends from a cd/bank account/stock/mutual fund? The reason I am asking is because I want to stay in a lower tax level and I might increase my tax deffered IRA account inorder to stay in the lower level. I am getting pretty close.
Do capital gains affect what tax bracket I will fall into?
Like profits from the sale of stock and dividends from a cd/bank account/stock/mutual fund? The reason I am asking is because I want to stay in a lower tax level and I might increase my tax deffered IRA account inorder to stay in the lower level. I am getting pretty close.
Do capital gains affect what tax bracket I will fall into?
What are the US taxation rates for captial gains from foreign investments?
Posted by admin on 16 Jul 2008 9:12 am. Filed under United States.
twlustax asked:
I am a US Permanent Resident. I own approximately 12% of a UK based partnership which owns 6 overseas offices. I have been an equity partner for 3 years. The partnership is valued between £8,000,000 and £10,000,000. Should we sell the company, what US captial gains tax liability might I have? I can’t seem to get a straight answer on this from my accountant.
I am a US Permanent Resident. I own approximately 12% of a UK based partnership which owns 6 overseas offices. I have been an equity partner for 3 years. The partnership is valued between £8,000,000 and £10,000,000. Should we sell the company, what US captial gains tax liability might I have? I can’t seem to get a straight answer on this from my accountant.
Should my rental houses be considered personnel investments or should I form a business that manages property?
Posted by admin on 12 Jul 2008 2:18 am. Filed under United States.
Clay M asked:
I build new houses and remodel existing ones to own and rent out. During the construction process I have expenses uncommon to managing rentals. Even though I take no salary and do as much work as possible on each project, we still have a negative cash flow. After adding up the losses and deperciation, it offsetts my wifes income so we get all of her taxes back. Based on rental rates in our area, we calculate that it will take about 3 years for a property to break even. So we should be turning a profit in tax year 08. To take full advantage of the tax code while depreciating the buildings and then selling them in the future, Is there an advantage to holding these properties as personnel investments or should I form a business that builds and manages real estate?
I build new houses and remodel existing ones to own and rent out. During the construction process I have expenses uncommon to managing rentals. Even though I take no salary and do as much work as possible on each project, we still have a negative cash flow. After adding up the losses and deperciation, it offsetts my wifes income so we get all of her taxes back. Based on rental rates in our area, we calculate that it will take about 3 years for a property to break even. So we should be turning a profit in tax year 08. To take full advantage of the tax code while depreciating the buildings and then selling them in the future, Is there an advantage to holding these properties as personnel investments or should I form a business that builds and manages real estate?
Is credit card interest tax deductible if you put the money on the credit card towards investments?
Posted by admin on 11 Jul 2008 1:32 pm. Filed under United States.
tc61380 asked:
For example, if I used a cash advance to
1. buy stocks,
2. invest in bonds/fixed income assets
3. “refi” my personal mortgage
4. buy investment property
For example, if I used a cash advance to
1. buy stocks,
2. invest in bonds/fixed income assets
3. “refi” my personal mortgage
4. buy investment property
or any other situations where credit card interest is tax deductible?
Thanks for all you responses. Just to clarify –
Say I borrow $100 from my credit card at 10%.
I owe $110 at the end of the year.
I put this same $100 into a stock (or some other investment). It goes to $120 and I sell, gaining $20.
1. Do I have to pay taxes on $20, or $10 ($20 gain minus $10 interest)?
2. If I didn’t sell, can I deduct the $10 interest against my other income?
How can I reduce my tax payable income to save money in USA? Specific investments?
Posted by admin on 28 Apr 2008 6:30 am. Filed under United States.
Is a loss from a personal loan the same tax category as a loss from stock investments?
Posted by admin on 9 Apr 2008 12:12 pm. Filed under United States.
Jan R asked:
I loaned a friend some money several years ago to help start a business, and the business failed and I was not repaid for the loan. I also, the same year, had losses from other investments (in the stock market). My understanding is that I can only deduct $3000 in investment losses for that year. Is the personal loan in the same category as the other investments — in other words, does it count as part of the $3000 limit? Or is there a way I can claim that loss separately? Thanks!
I loaned a friend some money several years ago to help start a business, and the business failed and I was not repaid for the loan. I also, the same year, had losses from other investments (in the stock market). My understanding is that I can only deduct $3000 in investment losses for that year. Is the personal loan in the same category as the other investments — in other words, does it count as part of the $3000 limit? Or is there a way I can claim that loss separately? Thanks!
Do I have to pay capital gains taxes on international investments if I live in the US?
Posted by admin on 4 Apr 2008 3:12 pm. Filed under United States.
How do you file est. income tax payments when you don’t know what your income/loss will be from investments
Posted by admin on 23 Mar 2008 6:43 pm. Filed under United States.
Joanne V asked:
We will have income from IRA and Social Security and know now what those amounts will be. We have investments that are currently losing money, but who knows what the year-end will look like. We will also be able to itemize due to mortgage interest, property taxes.
I have filled out the Est Tax Worksheet and we wouldn’t owe any taxes because of Itemizing. So, do we still have to file est.?
We will have income from IRA and Social Security and know now what those amounts will be. We have investments that are currently losing money, but who knows what the year-end will look like. We will also be able to itemize due to mortgage interest, property taxes.
I have filled out the Est Tax Worksheet and we wouldn’t owe any taxes because of Itemizing. So, do we still have to file est.?