Are capital gains ever taxed at 40%? I am not well-versed in capital gains things so please forgive my ignorance. Today my father (70 years old and retired) was stressing out about his HELOC payments. He says he pays $2500 a month only in interest and nothing towards the principal. His HELOC is $180,000. His house is worth about 2 million and he has around 1.2 million invested (mut…

Shouting Racial Slurs, Neo-Nazi Marchers Shock Ohio’s Capital The group’s actions in Columbus on Saturday, part of a recent pattern of white supremacist incidents in the country, were condemned by officials around the state.

Russia Launches Missiles Against Ukraine’s Capital The attack ended a two-month pause in missile strikes on Kyiv, which had only been hit by Russian drones during that period.

Capital gains home sale exclusion We lived in our house for 5+ years and moved 1.5 years ago. We’ve kept the old house and have been renting it out but now plan to move back to the old place while we undertake an extensive renovation. I’d estimate we will be back in our old house for 1 year during the construction. After that we’ll sell the rental and move back to our new spot. …

Walmart ended their partnership with Capital One so they (Capital One) sent me a new card. Others might already know this but I wasn’t aware. I received a Capital One Quicksilver card in the mail today; I was confused and concerned that my identity had been stolen. I called Capital One and they informed me that the partnership with Walmart ended in May so they sent me this card (five months later) to replace the Walmart card even thou…

Facing Outrage, Nigeria Drops Capital Charges Against Minors Dozens of teenagers had been accused of treason and faced possible death sentences, but indignation over their treatment, including lack of food, has the government backpedaling.

Capital One Venture X lounges I got the Capital One Venture X and I did the registration for Priority Pass. I have a vacation in December and I will be going through ORD. Is the lounge that bad? I have been reading it is absolutely awful and reception is bad. Has anyone experienced it? Also I arrive in CPH and I was looking at the Plaza lounges and apparently it says the C…

Some capital to invest in one ETF – how should I do it? Hello everyone, I have a subsequent sum to invest and I would like to use it to buy S&P500 ETFs. Thinking about how I should do that, I have thought about two contradicting forces: I should not invest all this money in one time but space it between several purchases, in order to minimize the volatility ; I should invest it within a short peri…

How Often Does Capital One Add Interest To Credit Card Balance? I have $7,500 in credit card debt from Capital One. The promotional interest period ends in December; most of this balance is from having to survive while struggling to find work. I never found a job but manage to get by with Uber. The APR is 25.74%. Would that interest be billed on a daily, monthly, or annual cycle? And how do I calculate how m…

Sigh of relief for UK tech founders as Labour hikes capital gains tax by less than feared Britain’s Labour government on Wednesday announced plans to raise the rate of capital gains tax on sales of shares — the move was less severe than feared.

In Iran’s Capital, Murals Offer Tributes and Threats Against Israel In the Iranian capital’s Palestine Square, a series of murals have telegraphed warnings to the country’s enemies.

“Copy dividend distributions to capital gains?” I am trying to turn off automatic dividend reinvestments for a target date fund in my vanguard taxable account and then this question popped up: “Copy dividend distributions to capital gains? The dividend distributions you made for this account can be copied to your capital gains for the below holdings.” what exactly does this mean? submitt…

$3k capital loss deduction on tax is for a single or jointly? Case 1: I file 1040 with my spouse as married jointly filing, the total capital loss deduction is $3k or $6k? Case 2: I file 1040 as married separately filing, and my spouse files it as separately as well. Can each deduct $3k, so totalling $6k? TIA submitted by /u/wasabi-rich

My income is unusually low. Should I realize some long-term capital gains and pay 0% in taxes? I’m doing an extensive bicycle tour around Oceania and my 2024 annual income will be unusually low—about $10,000 USD of earned income (my last month of work plus accrued overtime) alongside another $4,000 USD or so of dividends from a Vanguard brokerage account. Let’s round up and say it’s $15,000 USD for the year. I made the maximum Roth IRA co…

Capital gains and tax strategy. Any advice would be greatly appreciated. Less than a year ago I purchased a derelict home and completely renovated it down to the wood framing, listed it for sale and am ready to close this week. With the momentum of construction and the goal of getting the house completed I completely disregarded the taxable event I was creating. This combine…

do I understand capital gain tax correctly? So say I have 100K in my stock portfolio and after a year it grows to 150k. If I sell 50k worth of my portfolio it will be taxed but as a long term capital gain tax rate. If I file jointly with my wife I get that money tax free however that 50k is applied to my income tax total which if we make 150k/year then my taxable income would be 200k. D…

Helsinki (May 2024) — An interesting nordic capital I went to Helsinki in May of 2024 during my study abroad semester in Prague. It was the final leg of my Lithuania, Latvia, Estonia, and Finland trip. I was impressed by Helsinki, and there was a lot of cool stuff to see in the surrounding area (Helsinki itself might not have the most interesting tourist attractions, but the open air ethnographic…

A Deadly Robbery Reveals a Pattern of Targeting Latinos in Alabama’s Capital Latinos in Montgomery, Ala., said they had been sounding the alarm for months, describing the killings at a grocery store as the culmination of unchecked violence.

Democrats Have Made a ‘Horrific Mistake’ on Crypto, Says SkyBridge Capital’s Anthony Scaramucci The former White House Communications Director under President Trump spoke in an exclusive interview with CoinDesk’s Jennifer Senasi.

I only have one property, but I rent it out and live in a rental myself, do I have to pay capital gains if I sell? Pretty much just the title. I have a home but I have not lived in it myself for three + years. I rent the place I live in Would I have to pay capital gains if I sell? or does it still count as my primary residence? submitted by /u/Easy-F