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Taxes on long term capital gains
I recently sold some stocks that I held over an year and since they are considered as long term capital gains, I am trying to understand the taxation on it. As per the investopedia, I see that (for 2021), if the gains are under $80800, then the tax rate is 0%. Can any one please confirm if that’s the case? Is this applicable even if earnings with my full time job wages are over 100K.? As I understand the taxation will be separate for long term gains and my other wages.
December 25, 2021
6:49 AM