Real Estate
Real Estate Taxes
Last updated: March 13, 2022
Extract from IRS, click here for the source document.
Clients must have the financial ability, sophistication, experience and willingness to bear the risks of any product. In particular, each product acquires real estate holdings.
Every Pathway™ asks individuals to be aware of the following:
Prospective Clients in any product should carefully note the following:
Clients must have the financial ability, sophistication, experience and willingness to bear the risks of any product.
The prices of many real estate holdings and other commodities have experienced extreme volatility in recent periods and may continue to do so. In light of recent steep increases in the value of certain real estate holdings, multiple market observers have asserted that housing is currently experiencing a “bubble.” If these observers are correct, prices for the real estate held by the products could experience steep declines in value and the Products’ shares could lose all or substantially all of their value.
Notice to Customers
The material on this site is provided for general information therefore it is not and should not be used as the sole basis of decision making, it is subject to change without notice. More timely, accurate and complete information should be sought in the event of any decision making, reliance on any information or material posted here falls within the scope of the user’s own responsibilities and Every Pathway cannot be held liable for direct or indirect damages, loss of profit or income, or any other damages towards the user or a third party that may stem from any incorrect, inconsistent or missing information on the website.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website. Every effort is made to keep the website up and running smoothly. However, ‘Every Pathway’ takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
How can I contact you?
For all queries, you can contact us through e-mail, or by e-mailing support@everypathway.com. If you are enquiring about a specific order please include your reference ID in your e-mail.
You can also contact us via our live-chat function, if there is no agent currently available then please leave your name, e-mail and question and someone will get back to you as soon as possible.
commodities Taxes
Commodities Taxes
Last updated: March 13, 2022
Extract from IRS, click here for the source document.
Clients must have the financial ability, sophistication, experience and willingness to bear the risks of any product. In particular, each product acquires commodities .
Every pathway asks individuals to be aware of the following when it comes to commodity taxes:
Paying Taxes on Commodity Trading:
- File tax form 6781 with your annual tax return if you trade commodities and earn a profit.
- Capital gains from commodity trading are split into long-term and short-term categories.
- Fill out Schedule D and attach it to your Form 1040 tax return after form 6781.
- Seek advice from a tax professional for complex trading situations.
Examples of Filing Taxes on Commodities:
- Receive a 1099-B Form from your broker by Jan. 31 for profits and losses from previous year’s trading.
- Calculate capital gains taxes: 60% of gains taxed at long-term rates, 40% at short-term rates.
- Commodities are marked to market at year-end for open positions.
- Transfer calculated values to Schedule D and then to Form 1040 for filing.
What About Trader Tax Status?
- Claim trader tax status as a full-time trader running a business.
- Losses and business expenses can be deducted directly from income with trader tax status.
- Losses aren’t subject to the $3,000 capital loss maximum.
- Gains and losses from selling securities aren’t subject to self-employment tax.
Frequently Asked Questions (FAQs):
- Commodity tax is different from taxes on trading commodities; it’s a tax on specific commodities like gas.
- Futures traders may need to pay taxes annually or make quarterly estimated payments if significant profits are expected.
Remember, tax policies can change, so consulting a tax professional is advisable for accurate compliance with the law and tax code benefits.
Digital assets Tax
Digital Assets Tax
Last updated: March 13, 2022
Extract from IRS, click here for the source document.
Clients must have the financial ability, sophistication, experience and willingness to bear the risks of any product. In particular, each product acquires digital assets
Every pathway asks individuals to be aware of the following when it comes to digital asset taxes in the United States of America:
Definition of Digital Assets:
- Digital assets are digitally represented values recorded on a secure distributed ledger.
- This includes convertible virtual currency, cryptocurrency, stablecoins, and non-fungible tokens (NFTs).
Tax Consequences:
- Transactions involving digital assets must be reported on tax returns.
- Taxable income, gain, or loss can result from various digital asset transactions, such as selling, exchanging, or receiving.
- Examples include selling digital assets for fiat currency, exchanging one digital asset for another, or receiving digital assets as payment for goods or services.
Guidance and Publications:
- IRS Notice 2014-21 treats virtual currency as property for tax purposes.
- Additional guidance is available in Frequently Asked Questions on Virtual Currency Transactions.
- Revenue Rulings address topics like hard forks and staking rewards.
- Chief Counsel Advice (CCA) documents address specific scenarios involving digital assets, including protocol upgrades and charitable contributions.
- FinCEN Notice 2020-2 provides guidance on FBAR reporting related to virtual currency.
Additional Information:
- Publications like Publication 525, 526, 544, 551, and 561 offer more insights into taxable and nontaxable income, charitable contributions, asset dispositions, basis computation, and appraising donated property.