how about the income that i have derived from that investment
122464
You will have to make the adjustment on the balance sheet, and a amended return on your taxes. The adjustment will show up on the balance sheet as an adjustment.
190066
If you have owned and lived in your home for over 2 years then you may be able to exclude from income all or part of the gain.  \n\nHere is the info you are looking for.  \n\nhttp://www.irs.gov/taxtopics/tc701.html\n\nCan also find more info here:\nhttp://www.irs.gov/pub/irs-pdf/p523.pdf
2964
No.  The instant you ever receive any dividends, even if you immediately turn around and plow them back into the stock, it doesn't matter, you have recieved income, and that income is taxable.  \n\nThis is one of the many reasons real estate is my investment of choice; it doesn't have these pesky tax problems...
416549
Investing in a business that you love can effect your judgment as to the quality of the investment (believe me I know). Your better off going for your first house and getting a real asset on your sheet.
582705
Go to a bank and take out a loan... very unlikely that you'll find any answers that you want.. no one is going to give/loan/borrow/invest.. whatever you want to call it.. that much money to someone on yahoo.. come on kid.. seriously!
602775
I would buy an investment property or two, then put the rest in some type of money market fund earning an average of 10% or more. The Rule of 72 states that any money invested @ 10% will double every 7 years.\n\nIf you used 100k of that 400k, on down payments on one or two investment properties to create you some month to month cash flow, and build long term equity. Then the other 300k in a fund, in seven years you'll have 600k, 14years 1.2mil, 21years 2.4mil; geez your retired good for you!!
636508
It's a lottery type thing. Not on the shores of the US--that should cause you some concern. Their website says you get your return on investment in two years.
271802
Income is taxable.\n\nYou will receive paperwork along with your settlement (probably a 1099-Misc or similar) that will give you the info you need to determine how to handle the money, taxwise.\n\nGood Luck!
459582
You sound like you don't have any proof. Any written papers from you parents, which state each of them gave you $10,000 every year - I am sure it's a good proof. \n\nGifts you receive aren't considered income. It doesn't matter how large they are. You don't report them on your income tax return in any way.\n    There are a couple of important qualifications on this simple rule:\n\nTrue gifts. This rule applies only to true gifts. You can't avoid paying income tax by calling something a gift when it isn't. For example, a "gift" you receive in exchange for services or some other consideration isn't a gift. \nIncome after gift. If you receive a gift of property that produces income, you must report any income produced after the gift. For example, if you receive stock as a gift, you must report any dividends paid on that stock after the gift. \nYou can find more info in:\nhttp://www.fairmark.com/begin/gifts.htm
111688
First off did you pay taxes on the Dividends that you received from the Mutual Fund or did you pay taxes on both the earnings of the mutual fund and the Dividends.  \n\nIf you haven't paid taxes on the earnings every year then you have to pay taxes on the entire amount of earnings. (Your current value of the fundsdifferencee cost basis) In this case your cost basis is simply the initial investment.  \n\nIf you have paid taxes on your earnings.  Then the cost basis is the amount your reported last year.  For example if you reported that the value of your fund went up from $100 to $150 in 2004 and you paid the taxes on that $50 earning.  Then for 2005 your cost basis will be $150 and you would pay the taxes on the diffrence of that $150 and your current value.\n\nWithout knowing any more specific information about your situation I don't believe I can give better advice then that.\n\nBelow are some websites from the IRS on accounting methods and selling of stocks/mutual funds.\n\nMonteverde2\nUS Army Tax Preparer
376460
I'm assuming that you are selling a property that you have been depreciating. I don't know if you are a real estate professional who has been writing off your losses as you go or a passive investor, but I will assume a passive investor.\nYou Willl compute your gain on the sale of the property under normal rules. You gain will then be taxed at 25% to the extent of depreciation taken on the property that you sold. Any gain above this depreciation amount wil be taxed at the 15% capital gains tax rate.\nIn addition this gain will be passive income that will allow you to use your passive losses to the extent of the passive gain which is deductible in full on your return as an ordinary loss.
18205
You're correct.  Presumably you received a 1099-DIV with $8000 (or whatever) in the cap gains distribution.  You would need to include that amount in your return.  When you sell the shares, that amount will be included in your basis so your eventual gain will be total sales price-$108,000.
381095
Instead of talking theory, I will explain exactly how you can do this. Open a Roth IRA account.  Deposit $4000 a year into the account.  Invest the deposited money into a diversified portfolio of equity investments.  Historically equity investments have returned about 10% annually and some much more 14%.  Assuming 10% average annual return in 35 years your account will contain over $1,000,000 and it will be earning a passive income of $100,000 on average annually.  \n\nNow here is the best part.  Because it is in a Roth IRA account all that money will be tax free.  WOW.
411102
Hi, i suggest a great site with plenty of Issues related to your Investing and everything around it. it also provide clear and accurate answer to many common questions.\n\nhttp://investing.sitesled.com/\n\nI am sure that you can get your answers in this website.\n\nGood Luck and Best Wishes!
438427
Hi, i suggest a great site with plenty of Issues related to your Investing and everything around it. it also provide clear and accurate answer to many common questions.\n\nI am sure that you can get your answers in this website.\n\nhttp://investing.sitesled.com/\n\nGood Luck and Best Wishes!
579078
To do a real assessment of worth you'll have to value the business based on cash-flow and bring each year to present value. There are spreadsheets available on-line to do this. Just plug expenses, sales, projected growth, etc. and you'll get your answer. If you want the quick and dirty: you'll recuperate the investment in a little over 3 years. Plug the interest you want for your money, (say 7%). Bring it to present value and you'll still recoup in 5 years or less with the growth you mentioned. That is really good. If you like what the business is about and you don't mind doing the work in case one of your guys gets sick and have the ability to make it grow, then go for it.
666439
When you exercise Incentive Stock Options (ISOs) and sell them immediately, you recognize ordinary income. So you will have income of 4000 x $8 = $32,000, which will be taxed at ordinary rates.\n\nOn the shares you do not sell, if you hold them for two years from the date or grant and one year from the date of exercise, you will qualify to recognize the income from the sale as long-term capital gain. However, you recognize income for purposes of the Alternative Minimum Tax at the time of exercise. So, 16,000 x $8 = $128,000 will be added to your AMTI. If you pay AMT because of this, you may get part of it back, as a credit, in later years, because when you sell the 16,000 shares it will be a reduction to your AMTI.