Then, when you realize those profits (either as dividends or as a capital gain on sale) you will have to pay a further 15 percent in tax.
The classic example here would be gain on the sale of a rental real estate property.
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The gain on the sale of the building is a different class of income under Pennsylvania law.
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From 1998 to 2000 Hawkins probably made a small gain on the sale of his original OPIS-related UBS shares.
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Existing tax-free bonds could be liquidated to invest in paid-up life insurance if there is little or no gain on their sale.
If the stock sale is a qualifying transaction, then the employee will only report a short or long-term capital gain on the sale.
Brown-Forman (BF-A) announced that net income fell by 37 percent versus the same period last year, when the company realized a gain on its sale of Fetzer Vineyards.
And if you sell your home to a third party, you have to repay the amount of the credit only up to the amount of the gain on your sale.
It had a lot of moving parts to it, but the part that Professor Morse and I found of interest concerned Code Section 1045, which allows you to defer gain on the sale of small business stock by buying into a new business.
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Banks like Flagstar are also adding profits from gain-on-sale margins, essentially profits they earn on selling refinanced loans to investors.
This is entirely legitimate under the liberal gain-on-sale accounting permitted today.
Part of the gain on a home sale might not be eligible for certain income-tax exclusions if the taxpayer with a Schedule C business has taken depreciation deductions for a home office.
This presents a unique opportunity for noncorporate taxpayers to invest in Section 1202 stock for the next year and enjoy the benefit of tax-free gain on a subsequent sale of the stock five years down the road.
Before then a fund could be penalized for having too large a percentage of its profits from "short-term" gains--a painful rule given that a gain on a short sale is always treated as short-term, however long the position is held.
As he did at the federal level, petitioner offset on his 2005 New York State return, as a deduction, a capital loss resulting from the difference between his outside tax basis and his inside tax basis in Fifth Avenue against the gain realized on the sale of the office building.
To take an extreme example, if you are trying to avoid a 15% capital gain tax on a stock sale, you might invest in a shady tax shelter.
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The Lays reported the sale of the annuity contracts on Schedule D showing no gain or loss.
The proposed regulations provide that if a taxpayer sells an interest in an S corporation or partnership interest on the installment method, any adjustment to net gain is computed in the year of sale and is taken into account proportionately as each payment is received and gain is recognized.
Sources say they are trying to gain the cooperation of Martha's friend Mariana Pasternak, who was with her on the day of the ImClone stock sale.
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