How much stock can i sell with approximately 60K net income and 26K AGI without long term capital gains tax?

[rjs]

You have not given the information needed to answer your question. The tax rate on long-term capital gain depends on your filing status, and on taxable income, not net income or AGI. Taxable income is AGI minus deductions. We would also need to know how much of your taxable income is ordinary income, how much is qualified dividends, and how much is long-term capital gain.

Finally, the question is not how much stock you can sell, but how much long-term capital gain you can have on the sales. The total proceeds of the sales don't matter. What matters is the amount of gain.

[rjs]

Attached below is a chart of the tax rates on qualified dividends and long-term capital gain for 2020. You can use this to figure out the answer to your question. The taxable income in the chart is total taxable income, including ordinary income and qualified dividends and long-term capital gain. To calculate the tax, the qualified dividends and long-term capital gain are "stacked" on top of ordinary income. So if your taxable income is above the top of the 0% bracket in the chart, some or all of the qualified dividends and long-term capital gain will be in the 15% bracket.

To open the attachment, click the little download icon to the right of the file name. Clicking the file name will give you a blank preview window.

[rjs]

The preceding answers are for federal tax. Most states do not have lower tax rates for long-term capital gains like the federal tax does. If you are in a state that has income tax, you may have to pay state tax on the entire capital gain.