Sentences with phrase «capital gain or loss rules»

If you hold property for more than a year, long - term capital gain or loss rules apply

Not exact matches

Holders who purchase units at different times and intend to sell all or a portion of the units within a year of their most recent purchase are urged to consult their tax advisors regarding the application of certain «split holding period» rules to them and the treatment of any gain or loss as long - term or short - term capital gain or loss.

As a general rule you don't report capital gain or loss until you sell.

Note: If you receive a capital gain distribution and subsequently incur a short - term capital loss on a sale of mutual fund shares you held six months or less, see Short - Term Capital Losses for a speciacapital gain distribution and subsequently incur a short - term capital loss on a sale of mutual fund shares you held six months or less, see Short - Term Capital Losses for a speciacapital loss on a sale of mutual fund shares you held six months or less, see Short - Term Capital Losses for a speciaCapital Losses for a special rule.

The Ruling does not consider the application of section 25A the capital gains and capital losses provisions (Part IIIA) or Division 6A of Part III.

If you satisfy the special holding period rule, you'll report capital gain or loss — no compensation income — when you sell the stock.

Now, under tax rules, you have to report the resulting capital gain or loss in the year the change in use occurs.

But be aware of the Canada Revenue Agency's attribution rules: when assets are gifted to a spouse, all interest, dividends and capital gains (or losses) are attributed back to the gifting spouse.

This gain or loss should generally be capital gain or loss, subject to the potential application of certain «constructive ownership» rules.

Installment Sales related items, Foreign Tax Credit, Passive Activities, Net Operating Loss carryovers, Schedule D amounts containing unrecaptured section 1250 gain (or anticipated for AMT purposes), sale of disposition of business assets, investment interest expense election including net capital gains in investment income, and items covered under «at risk» rules will not be accommodated by the system.

Note: If you receive a capital gain allocation and subsequently incur a short - term capital loss on a sale of mutual fund shares you held six months or less, see Short - Term Capital Losses for a speciacapital gain allocation and subsequently incur a short - term capital loss on a sale of mutual fund shares you held six months or less, see Short - Term Capital Losses for a speciacapital loss on a sale of mutual fund shares you held six months or less, see Short - Term Capital Losses for a speciaCapital Losses for a special rule.

In 2014, the Internal Revenue Service (IRS) issued guidance to taxpayers, making it clear that virtual currency will be treated as a capital asset and that capital gains rules will apply to any gains or losses.