Dawn S asked:


I am just learning investing and have no clue about tax liabilities associated with the gains and losses. I am alsointerested in understanding capitol gains on realestate?

pretty smile asked:


A.It is less than the investor’s actual tax rate.
B.It is more than the investor’s actual tax rate.
C.It is not affected by the investor’s actual tax rate.
D.It must be equal to the investor’s actual tax rate.

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?

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.

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?

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

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?

ryahoo asked:


There may be certain govt bonds, investments that I can probably make ..but dunno. Buying a house.. heard that helps too .. but dunt know how.. so any advise on tax saving tips would be appreciated.

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!

screwed asked:


I am planning on making some investments outside the country (stock market investments). Can I access the profits while living in the US or will I have to pay capital gains taxes on it? If so, how much will I have to pay say for $10,000 in profits?

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.?