Capital Gains Tax 101
Sales Tax 101: Useful Tax Forms
843 Form
Complete Form 843 in minutes, not hours. Save your time needed to printing, signing, and scanning a paper copy of Form 843. Keep productive online!
9325 Form
Fill out Form 9325 in minutes, not hours. Save your time required to printing, putting your signature on, and scanning a paper copy of Form 9325. Keep productive online!
Video instructions - Capital Gains Tax 101
FAQ - Sales Tax 101 For Online Sellers
How can I avoid capital gains tax?
5 ways to avoid paying Capital Gains Tax when you sell your stock. Stay in a lower tax bracket. If you are a retiree or in a lower tax bracket (less than $75,900 for married couples, in 2017,) you may not have to worry about CGT. Harvest your losses Gift your stock. Move to a tax-friendly state. Invest in an Opportunity Zone.
How is capital gains calculated?
Capital gains and losses are calculated by subtracting the amount you paid for an asset from the amount you sold it for. If the selling price was lower than what you had paid for the asset originally, then it is a capital loss. You can then use this amount to calculate your capital gains tax.
How are capital gains taxed?
Capital gains taxes are owed on the profits from the sale of most investments if they are held for at least one year. The taxes are reported on a Schedule D form. The capital gains tax rate is 0%, 15%, or 20%, depending on your taxable income for the year. High earners pay more.
Look through the Sales Tax 101 For Online Sellers and discover what you didn't know about the taxes. Here's everything you need to know before you start to file yours.