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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).
‎October 18, 2019
8:39 AM