Thanks.
A couple questions on the following scenario, if you please.
Suppose I created an account in 1995 and re-invested all gains and dividends.
Suppose further that Quicken reports the current market vale to be $550,000 and Quicken says the (avg) cost basis is $350,000 for a gain of $200,000.
1) Am I correct that I will only owe taxes on the $200,000?
2) If so, then will that $200,000 will be taxed at 15% rate (given my income).
3) Will that $200,000 be added to my income and push me into a higher tax bracket, or will I just owe the cap gains tax plus whatever the tax is on my regular taxable income (as if I never sold any shares)?
Thanks again.
