HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

Free
Message: OT: question about capital gains calculations, etc.
Reply New Message
Prev Message Back To Forum Threaded View Next Message

You'll need confirmation. I believe its worked on your oldest buy trade. I'm not sure that there is any averaging involved. It's been awhile for me.

ie:

Trade 1 - Buy 1000 @ 2.00 $2,000 Paid

Trade 2 - Buy 1000 @ 2.30 $2,300 Paid

Trade 3 - Buy 1000 @ 2.50 $2,500 Paid

Trade 4 - Sell 1000 @ 5.00 $5000 Received

Cost - 2,000 (Trade 1)

Sold - 5,000 (Trade 4)

Profit - 3,000 (Difference)

I believe Capital Gains is on 50% of the profit, but I'm not sure if there's any limits or allowances now. Sorry if I have made any errors. It's what I remember. I beleive you add the 50% capital gains to your gross income on taxes and pay taxes at your "possibly" increased tax bracket level.

Reply New Message
Prev Message Back To Forum Threaded View Next Message
Share
Share
New Message
Please login to post a reply