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Started By
Message
Help me with selling stock tax question
Posted on 10/13/13 at 10:24 pm
Posted on 10/13/13 at 10:24 pm
Have about 30k in stock and just curious if I cash out what do I pay?
Price paid for stock is 15k and I've held it for 6 years
Wife and I make combined 150k fwiw because I know something depends on tax bracket
TIA
Price paid for stock is 15k and I've held it for 6 years
Wife and I make combined 150k fwiw because I know something depends on tax bracket
TIA
2
Posted on 10/13/13 at 10:51 pm to dallastiger55
Long Term Capital = 15% for your tax bracket
Posted on 10/13/13 at 11:14 pm to Taxing Tiger
And the 15% is only on profit, not principle
Posted on 10/14/13 at 7:00 am to iluvredboxx
ok so whats this i read online where in january of this past year the new 20% tax went in to effect plus 3.8% extra for people over 200k?
Posted on 10/14/13 at 8:58 am to dallastiger55
quote:
Wife and I make combined 150k fwiw
quote:
so whats this i read online where in january of this past year the new 20% tax went in to effect plus 3.8% extra for people over 200k?
Posted on 10/14/13 at 11:27 am to dallastiger55
Why are you worried about something that doesn't apply to you?
Posted on 10/14/13 at 11:38 am to dallastiger55
quote:
this past year the new 20% tax went in to effect
I think he is asking about this ^^^
quote:
plus 3.8% extra for people over 200k
and not so much this ^^^
Maybe...
Posted on 10/14/13 at 8:21 pm to dallastiger55
Here's Motley Fool's article for 2013.
I can add nothing to the analysis.
Motley Fool - Long-Term Capital Gains Tax 2013
I can add nothing to the analysis.
Motley Fool - Long-Term Capital Gains Tax 2013
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