Home › Posts tagged Collectibles
Blog Archives

How to Calculate Your Cost Basis and Save Money…Guaranteed

Posted in Tax News on August 11, 2013

When you sell a capital asset you need to know when you purchased it and what the cost basis is.  These will be used to determine what your capital gain (or loss) is.  Capital assets are items such as stocks,…

Read more

Tagged with: , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

What’s the Difference in Capital Gains Taxes?

Posted in Tax News on February 24, 2013

Capital Assets Capital assets are generally those held for investment.  Stocks, bonds and mutual funds are some examples. If there is a gain on the sale of these assets, a capital gains tax is due.

Tagged with: , , , , , , , , , , , , , , , , , , , , , , , ,

3 Reasons to Recognize Capital Gains in 2012

Posted in Tax News on July 3, 2012

1) The Long-Term Capital Gains Rate is Going Up Long-term capital gains are for capital assets held longer than a year. Capital assets include stocks, bonds and mutual funds. Collectibles and certain Real Estate are subject to special rules.  The…

Read more

Tagged with: , , , , , , , , , , , , , , , , , , , ,

The Difference Between Capital Gains and Ordinary Income

Posted in Tax News on October 15, 2010

Most long-term capital gains are taxed at 15% for 2010.  This rate is scheduled to increase to 20% in 2011.  Unfortunately, we need to say “most” because there are some exceptions as follows: Taxpayers in the 10% and 15% ordinary…

Read more

Tagged with: , , , , , , , , , , , , , , , , ,