if i was making capital gains from stocks can i then roll it into a priciple of a house to avoid the tax ?
405042
No, you will owe tax on them unless you have capital losses to balance them. Either way you have to file
285863
On a schedule D. It has to be your personal home for the last 2 years to not pay capital gains. Make sure that you add in everything you have ever done to the home while you owned it into the homes basis.(repairs, maintenance) If you are going to buy another rental home then you will fill out 8842 like kind exchanges.
1180526
No, you cannot withdrawl it without a 10% penalty plus ordinary income taxes (probably around 28%). My opinion....you would be beter off rolling that money over into an IRA and just save for a while to raise money for home improvement projects.
8094
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...
990612
Was that house ever your principal residence in the last 5 years, for 2 years or more?  You get a huge tax savings if it was.  You really need to talk to either a good real estate person or an attorney/CPA and find out the tax consequences.  If it was your principal residence, you do not pay capital gains on the profit you make on the house.  If it wasn't your principal residence for 2 of the last 5 years, you do have to pay profit on the sale.  It can be complicated, you need advice from someone in your area, not a bunch of strangers off the internet.  Good luck!
728502
If you are a US resident, living and selling a property in the US, you have one year from the date of sale to buy another, more expensive property, to avoid capital gains taxes.
490116
Tax - Technically yes, if there is a capital gain above your annual exemption for the year based on the market value of the shares at the date of transfer. However, even if there is a gain you may be able to defer it (broadly, if your daughter is UK resident and it is a gift of a business asset - basically a personal company and not shares in a plc).  \nThe definitions to qualify for the relief are pretty specific, so if the gain is likely to be over GBP8,800 (2006/07 rate) then you need to get detailed advice.  If your gains for the year (including any other chargeable disposals in the same tax year) are below that level, no tax.\n\nStamp duty - last I knew, you technically did have to pay stamp on such a transaction, but as it is a gift it would only have been 50p.  However, the stamp duty was completely revamped a couple of years ago and I do not recall how the new regime applies to gifts of shares. Hopefully someone else can help with that.\n\n\nEdit :  Sloop John, you are mixing inheritance tax exemptions and capital gains tax rules together!
103399
I wouldn't do it.  You are risking the equity that you have built in your house.  Also, you would need to generate a high rate of return just to pay for the interest on that loan.  High Return = High Risk!
131455
Under IRS 1031 rules you may sell income property and reinvest entire amount in income property and NOT be subject to any capital gains tax. This does not apply if your are selling your residence (where you live), however in this example  single persons gets up to a $250,000 exemption before taxes apply and a married couple gets $500,000.  There are many IRS 1031 rules that must be strictly complied with to avoid tax on an investment sale and purchase .  Look for a 1031 Qualified Intermediary in your local phone book or on the Web.
797301
if you have lived in the house for 2 of the last 5 years the tax on anything less than $250,000 profit is ZERO. ( $500,000 for a couple)\nif your gain is more than that or you do not qualify, then they charge about 5% on the gain (profit) for poor people and 10% or 15% for others.\nif you have not lived in the house two years, but maybe 6 mo or 1 year, you may qualify for the maximum exclusion rule if there is a good reason for selling and moving. ask tax man to explain it to you.\n maybe they will give you a percentage of the $250,000  exemption pro-rated, say $125,000 for 1 year etc.\n\n if the house is a rental, you can do a 1031 and use the money from it to buy another house. ( then have zero tax to pay now) then after the sale. you can get a loan on the new house to pull out your equity.( not the other way around) check with tax guy for advice. the tax is seferred until you sell without rebuying. or it is waived if you die and pass the house on. that is the best way.
521478
Unfortunately, you can only roll it over into another investment property (Like-kind exchange)  Applying it to your residence will not work.  You have sixty days (before or after the closing) to identify another property and 180 days to close on it.  If you held the property for investment (say yes) and held if for over 12 months, you will pay tax on it at the lower capital gains rates. If you held it for less than 12 months, it is considered ordinary income and is taxed at your regular rate.  If it is less than a year, see if the buyer will wait until the year is up.  Give them soem money back at closing to compensate them for waiting.  It could be worth your while.  To see what the tax might be, use your tax software to estimate what your tax would be.  Sorry to hear about the medical problem, I hope everything works out.  Also, ANY profit is a good profit!!!!!
149330
I dont think you have any time.  If the house was lived in less than two years, you always pay capital gains. Always check w/ your financial advisor or lawyer, but I think the min. is two years.
587371
My friend, there are a lot of issues in your question...I will attempt to brief you given your information.\n\n- You only pay capital gains tax on investment property or one that you earn income from.\n- You never lived on it but you owned it.  One assumes you therefore did not elect it to be your 'principal' place of residence.  \n- You held it more than 12 mths so you are entitled to 50% discount on capital gain (equity growth)\n- Capital gains can only be offset by capital losses....Your cost base seems to be more than cap gain. if so you wont therefore pay any tax on that gain (all be wiped off) However the excess losses accumulated cannot diminish or offset your over assessable income from other sources in yr tax return....Those losses are held and carried forward until you have any future Cap Gains.  then those losses will be used up.\n- Interest paid on ANY INCOME EARNING ASSET, OR INVESTMENT MECHANISM, ie Property, Boat, Vehicle, Business etc  are ALL DEDUCTIBLE....But only the investment and earning part. So you have to apportion the INTEREST that is BUSINESS related.  Ie...You get a loan for a whole house...You rent out a bedroom...You only claim for interest apportioned on a reasonalble basis related to the bedroom, some gas and electricity, maybe kitch etc etc..Usually done on floor space.\n- Must also realised interest is also claimed on an investment  property that was 'available' for rent but remained vacant.  ie even if someone didnt live there or no tenant, the interest is still deductible..But there are conditions.\n-Family TAX assistance (I think you mean Family Tax Benefit A and B??).  Anyway, the benefits depend on the following ATI or Adjusted taxable income.  That is:\n\nTaxable income (incl after Capital Gains & Losses been worked out) plus fringe benefit amounts on tax return  plus  tax free pensions or benefits PLUS losses from Rental property income...ie Net rent loss.\n in other words Net Rent  wont affect you. but say yr property was rented out and you made a loss, You have to add that loss back to your Taxable income to arrive at the TOTAL ATI used to assess your entitlement to Family Tax Benefit A and/or B.\nHope this helps.\nLater.
372532
Overall yes.  Long term capital gains income is taxed at a lower tax rate than ordinary income, so if you have income that qualifies as such, your overall tax liability will be less than if it was all taxed as ordinary income.
350939
What you are referring to is for primary residences after people have lived there for 2 years... This does not apply in you situation.\n\nWhat does apply is a procedure known as a 1031 exchange.  1031 exchanges allow you to totally defer your capital gains tax by reinvesting the proceeds of your sale into another 'like kind' property.  (like-kind refers to the other property being investment use as compared to personal use).\n\nI'm finishing up the testing on a 1031 exchange site.  The information is real, and many of the test properties are available listings as well.\n\nFeel free to check the site out for the basics on a 1031 exchange.
209360
In general terms, yes you can (assuming the company is not set up as an S corp.); IF (like Trade mentioned) you can find a broker willing to administer the account for you. There are two caveats to think about, however.\n\nWhen you go off the beaten path investment-wise, be prepared for extra expenses, extra paperwork and dealing with potentially reduced liquidity.\n\nYou CANNOT own private equity within an IRA if you are also owner of the company issuing the stock. Self Dealing is a prohibited activity and it includes putting any asset into the plan that you benefit from, such as living in a house purchased by the IRA as an investment, or selling personal property to the IRA as well as selling your own company stock to the IRA.
1174807
You pay tax in the state that you realized the gain.  So the answer is yes, you can avoid CA tax.  Yes, you can keep your house.  Your state of resedency doesn't depend on non-primary living places.