EleanoreS
Employee Tax Expert

Retirement tax questions

 

Long term capital gains rates depend on your filing status and your total taxable income.  This is a great TurboTax article that gives a lot of great information and has charts for you to look up the rate that would apply to you based on your filing status and taxable income.

 

The article also suggest a few ways you can minimize the tax you pay on capital gains.  Another possibility would be if you had other stocks that generated a loss; that loss would offset the gain.

 

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