Sentences with phrase «lot on capital gains taxes»

Not exact matches

«Many people who made lots of money on cryptocurrencies in 2017 likely don't have the cash on hand to cover their capital gains taxes, so they may need to sell additional cryptocurrency holdings in order to raise the cash to pay the IRS.

Take control of your taxes with IB's Tax Optimizer, which lets you change automated tax lot - matching methods on the fly to optimize your capital gains and lossTax Optimizer, which lets you change automated tax lot - matching methods on the fly to optimize your capital gains and losstax lot - matching methods on the fly to optimize your capital gains and losses.

Using Tax Lots to Your Advantage Your choice of cost basis method can have a significant effect on the computation of capital gains and losses when you sell shares.

What is even more unsettling, many people who made a lot of revenue trading crypto's may not have the cash on hand in order to pay their capital gains taxes, so selling may not be over.

It all depends on your existing capital gain / loss, how a lot ID sale changes that capital gain / loss, the potential for future capital gain / loss on remaining unsold shares, and your tax rate.

Being a Canadian myself, this has taught me a lot of insight on capital gains tax.

Long term capital gains are taxed at 15 % in the US, so if you buy and hold on to good companies that reinvest their earnings, then the share price keeps going up and you'll save a lot of money that would go in taxes.

Which accounting method you choose will depend on your capital gains tax (which we covered in part 1) and how many tax lots you have of a particular stock.

Alex A: You know, I think there are a lot of really good aspects to homeownership and the government lobby towards home ownership, whether it's CHMC basically subsidizing the interest rates that an individual homebuyer can get or being able to borrow from your RRSP or getting a rebate on your land transfer tax or avoiding capital gains tax on your principle residents.