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Retirement tax questions
Generally, capital gains are taxed according to how long you've held a particular asset – known as the holding period. Profits you make from selling assets you’ve held for a year or less are called short-term capital gains. Alternatively, gains from assets you’ve held for longer than a year are known as long-term capital gains. Typically, there are specific rules and different tax rates applied to short-term and long-term capital gains. In general, you will pay less in taxes on long-term capital gains than you will on short-term capital gains.
If you just have a few transactions enter them manually. It sounds like they are short term (held less than 1 year) so they will be taxed as ordinary income.
February 16, 2021
5:37 PM