Income Taxes and Record Keeping ( tax ) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Income Taxes and Record Keeping ( tax )

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: Elroy	9/29/2023 8:46:39 AM
	of 5810

Does anyone know when you have both short and long term gains, which one uses up the "lower tax bracket" income first? Long term gains are taxed at 0% up to $44,000, 15% up to $492,000 and 20% above that. Short term gains are taxed at the same rate as regular income, up to $11,000 is 10%, then up to $44,000 is 12%, then on up to 37% as it increases. ----- For example, lets say you have $1 million long term gain, and $1 million short term gain. What do you start counting first, the long or short term income?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next