#capital

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?

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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

Reddit Personal Finance 1.1k 2024-07-14

Clarification on Long-Term Capital Gains Taxes

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Clarification on Long-Term Capital Gains Taxes I’m playing with some tax scenarios and I’m realizing long-term capital gains taxes are a bit of a grey area for me. Surprisingly, google and sites like nerdwallet/smartasset/fidelity are adding to my confusion… Questions: 1) Do the amount if long term capital gains affect which tax-rate bucket (0%, 15%, 20%) you fall in? Or is it based on “o…

Reddit Personal Finance 696 2024-07-12

Rock Creek Capital & student loans

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Rock Creek Capital & student loans Hi, I was sued a year ago by Sally Mae and it was taken over by a law firm by the name of Rock Creek Capital. I agreed to pay them a certain amount for it to be taken care of within 3 years. I have never missed a payment until now for the last year and a half and have given them roughly $20,500 in that time frame. Currently they are taking abo…

Reddit Personal Finance 764 2024-07-05

Capital One 360 Checking

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Capital One 360 Checking I’m 18 and i just got my first job (California), and i was looking at banks and credit unions to create a checking account with for my paychecks. My brother recommended Capital One 360 Checking because they have no fees and there is a current bonus of $250 after i deposit my first two $500 checks. Is this a good bank and checking account? Is it …

Reddit Personal Finance 979 2024-07-04

Crypto Venture Capital Market Rebound Extends Into Second Quarter: Galaxy

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Crypto Venture Capital Market Rebound Extends Into Second Quarter: Galaxy The median pre-money deal valuation jumped to highs of $37 million, suggesting that despite a lack of available investment capital a resurgent crypto market has led to increased competition and FOMO among investors, the report said.

Coindesk 1.2k 2024-07-03

Short Term Capital Gains vs Long decision

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Short Term Capital Gains vs Long decision Might be a goofy question but I am a newbie. I want to move my money from my brokerage to a Roth IRA on Fidelity. I have decent sized gains from stocks bought July 31st of 2023 (June 12, 2024 as of this posting for future viewers). Should I go ahead and sell the $7,000 needed to max my IRA? Or wait until July 31st when it will be considered long…

Reddit Personal Finance 685 2024-06-13

Best use of s/t capital losses

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Best use of s/t capital losses I took a s/t bad debt capital loss last year of $120k, most of which was carried forward. I make about $550k/yr and I want to get rid of some of my individual stocks and replace them with ETFs. I’ve owned many of my individual stocks for years, which means there are significant long terms gains. I am worried about being taxed at the 20% rate sin…

Reddit Personal Finance 598 2024-06-11

Possible to move taxable investments to a Roth IRA without paying capital gains?

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Possible to move taxable investments to a Roth IRA without paying capital gains? I have some money in a taxable brokerage account that was gifted to me many years ago (prior to setting up my Roth IRA). My wife and I are planning to purchase a home within the next few years, so we would like to liquidate some of this money and put it into a money market account inside a Roth IRA so it grows tax free and we can withdraw the ea…

Reddit Personal Finance 903 2024-06-10

How to prevent inflation from eating money ? To live off for a few years without working + capital gains?

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How to prevent inflation from eating money ? To live off for a few years without working + capital gains? Researching how to make money last if I cut down my expenses and had ~80k USD I wanted to use to live as cheaply as possible and not work (not in the USA of course). I am seeing that inflation on average could be estimated to be 4%~ but maybe as high as 8% ? ​ I am also seeing that a savings account like Capital 360 could give about 4% ? How doe…

Reddit Personal Finance 569 2024-03-06

Does capital gain amount factor into income used in calculating capital gain tax rate?

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Does capital gain amount factor into income used in calculating capital gain tax rate? I’m trying to understand if I would qualify for 0% capital gains tax or 15%. I’m single, and I make about $35k per year. I understand that people w/ income under about ~$45k pay 0% capital gains tax. However, if I take money out of the stock market, and the amount of capital gain is, say, $20k, would that be added to the income I already make an…

Reddit Personal Finance 903 2024-03-05