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Long Term Capital Gains Tax Bracket
Posted on 11/15/23 at 1:12 pm
Posted on 11/15/23 at 1:12 pm
Is the bracket for LTCG include income say from my job? Or is it based solely on assets sold during the year?
About to sell some stock to finance a wedding band and I want to know if I'm calculating the tax owed simply off this transaction (it will be the only asset I sell all year) or if it needs to include my salary as well.
About to sell some stock to finance a wedding band and I want to know if I'm calculating the tax owed simply off this transaction (it will be the only asset I sell all year) or if it needs to include my salary as well.
3
Posted on 11/15/23 at 1:27 pm to jlovel7
You include your regular income as well when determining which tax rate is applied to LTCG.
Posted on 11/15/23 at 1:46 pm to jlovel7
just assume 25%. youll be covered no matter which one you fall into (0,15,20) and the 3.8% NIIT.
This way you can only be excited come tax time.
This way you can only be excited come tax time.
Posted on 11/15/23 at 2:52 pm to jlovel7
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