What is the IRS tax rate on long term Capital Gains?
552644
From the source below, "On May 28, 2003, President Bush signed the Jobs and Growth Tax Relief Reconciliation Act of 2003 (JGTRRA). As part of the JGTRRA, the tax rate on long-term capital gains was reduced from 20% to 15%."
940424
Yes. It is income and in the US you are going to pay taxes on income. (MOST of it anyway). There is more that is needed to answer the question. If the earnings are from the sale of the account then you might have Capital Gain. As an accountant my best advice is to contact an accountant. Probably not much help for your question but there are too many variables to fully answer.
4919
The have a few options... if the numbers work out then go for it. I believe,  that if your property was aquired from using a 1031 exchange, then you will have to hold the property for 60 months and live in this property for 24 months out of those 60 months to qualify for the tax exemption of gains up to 250k/ 500k if you are married and file joint returns. Depending on your need for the capital, liquidity, and when; would be the questions I would ask \nyourself. If it was me, I would look in to more real estate, maybe a 1031 exchange. What other investment can you not only cash flow from, but is a leveraged asset. Hope this helps.
268931
It depends on where you live. Look it up at IRS.GOV
51635
Gains from stocks held less than 1 year are termed "short term" capital gains. Short term gains are taxed as ordinary income, meaning that the gains will be taxed at your personal marginal tax rate. If you hold the stock for 1 year or more, the gains will be "Long Term" capital gains and will be taxed at 15%(Unless your marginal tax rate is lower than 15%, in which case the long term gains will be taxed at 5%)\n\nAs far as reporting and paying the taxes, you can wait until you file your taxes. IF the amount of your gains is substantial relative to your adjusted gross income from last year, you will want to file a quarterly estimated tax payment to avoid potential penalties at the end of the year. the IRS website is a great resource, check it out.
316995
You must figure out your total gain.\n\nAdditionally, if you wish to do a 1031 exchange you must replace debt & equity.\nhttp://www.nnnstore.com/1031_capital_gains_calculator.php
1135699
That depends.  If it was your principal residence, and if you lived in it for 2 out of the last 5 years immediately prior to the sale, then you may exclude up to $250,000 ($500,000 if married filing jointly) in gain from federal taxes.  Excess gains are taxed as capital gains, as is the entire gain if you don't meet the ownership, residency and/or occupancy conditions.\n\nCA law may vary on that.  Consult a tax advisor in CA for full details.
341493
I would contact a tax professional.\n\nYou might have to pay capital gains tax if it is not your primary residence, but I DO NOT KNOW. I would contact a tax professional.
818363
Yes...capital gains on Shares,which are listed abroad, are liable for Capital Gains Taxation. Note that it is taxable @ 20% + surcharge + cess (depending on the tax bracket u are in.........if ur income is Rs. 10 lakhs +, then it is 22.44% else 20.40%) & not at 10% (since not listed in India but in USA). I presume that the holding period is more than a year, else it will become a short term capital gain & taxable @ 33.66%. Indexation is available & yes u can defnitely get exemption from tax by investing in an apartment (Sec 54 F of the Income Tax Act) if u are not owning more than 1 house (before the proposed buy) on the date of sale.
716030
When you have paid security transaction tax at the time of selling securities (shares), then, \n\nIf you are an investor and not trader:\n\n1. If you are selling the shares after 12 months, then it comes under long term capital gains and you need not have to pay any tax on that gain.\n\n2. If you are selling the shares before 12 months then you have to pay short term capital gains @10% flat on the gain.\n\nIf you are a trader and not an investor:\n\nAll your gains will be treated as trading (Business) and you have to pay tax as per tax sables.  In this case the transaction tax paid by you can be claimed back/adjusted in tax to be paid.\n\nReddy.
485173
0% forever if the money is in a Roth IRA.\n\n0% if the money is in a Traditional IRA - until you are required to withdraw the money at age 70 or so and claim the gain as regular income (not capital gains)\n\n15% if held for a year or more.\n\n35% (approximately, depending on tax bracket) if held for less than a year.
245714
If it is a equity linked fund (i.e more then 60% in equity ) the long term tax (>1 year) is 0% currently but if is a debt fund you will have to pay long term tax. stt does not apply for MF as i know only for equity trading.
390413
Anything that has to do with the past/future submissions of your state/federal taxes should be kept for seven years.\n\nALSO.. another thing VERY IMPORTANT.. If you have stocks and have dividends each year and you pay taxes on THOSE dividends, keep the papers until you SELL or liquidate the stocks. You do NOT want to pay taxes on the gains in the year you sell the stocks IF..... IF you have been paying taxes on the dividends in the years past. The IRS tried to get me one time but.. I kept ALL the dividends earned and the tax papers proving that I paid taxes on them.. I kept some for 25 years.\n\nLight bills, cable bills, etc can be gotten rid of after a year
947667
stock sales are taxed. last year it was at your regular tax rate.
490134
The current tax law says you (and your spouse, if married, filing jointly) can take capital gains of up to $250,000 each without paying capital gains tax AS LONG AS you have a). lived in the house a total of 24 months during the last five years (summers, winters, whatever) and b). it is your primary residence (you should have your driver's license at this address).  You will pay capital gains tax on anything over that amount.\n\nThere is no lifetime limit on how many times you can take this exemption, however, you can't take it more than once every two years.
17861
Yes.  you will have to pay taxes on capital gains.  For more information on investment clubs, please visit: \n\nhttp://www.investmentclubhelp.com/
294888
You should check with a good accountant (not one of the walk up places like H&R). I am pretty sure that Capital Gains is to be paid only on amounts over $250,000.