Investors & landlords


@Rsudenga19 wrote:

Thanks. So knowing that all of my stock is profit, no loss, and if I sell more than 1 yr old stock (long term), what is the tax %? And am I taxed just on the gains or the entire amount? Do they treat it like a bonus or regular pay?


You are only taxed on the actual gain, not the gross proceeds of the sale (i.e., the entire amount).

 

Further, your gains are taxed at long-term capital gains tax rates, which are 0%, 15%, and 20%, and not ordinary income tax rates (net (long-term) capital gains receive special tax treatment).

 

See https://www.irs.gov/taxtopics/tc409