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Hi There! I am planning to sell some of my shares in stock, and want to be able to plan for how much I will be taxed on this sale later. Does anyone have a way of telling the %?
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June 5, 2019
3:38 PM
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Investors & landlords
That all depends on the holding period and your taxable income.
Short-term gains: If you held the stock for less than a year, the gains from the sale will be taxed as ordinary income.
Long-term gains: If you held the stock for more than one year, the gains will receive preferential tax treatment. Capital gain may be taxed at 0% if you're in the 10% or 15% ordinary income tax brackets, taxed at 15% in the 25-35% brackets, and taxed at 20% if you are in the 39.6% ordinary tax rate.
You may want to utilize this tax calculator to help estimate your tax liability for 2017.
https://turbotax.intuit.com/tax-tools/calculators/taxcaster/
June 5, 2019
3:38 PM