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Sir Pumpernickel

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Sir Pumpernickel

Re: Horseb4CarT post# 294119

Wednesday, 07/08/2020 5:03:11 PM

Wednesday, July 08, 2020 5:03:11 PM

Post# of 688988
Correct. That is the default. I wish I would have seen your post earlier. Let me simplify. If you sold stock OVER a year old your capital gain will be long term capital gain which I believe is 15-20% and remember that is ONLY on profit, not gross sale. Short term however is around 28%. My suggestion would have been to sell a lot of shares or shares out of a lot closest to today’s price. So just for example if you bought some at .35 and sold at .35 nothing. You have to report it (yearly 1099) but no tax would be involved. Plus any gain (not gross) will be added to your gross income for income tax determination. Hope that helps. Best wishes. Pumpernickel!!! Yaaaaahooooeeeeeeeeee!!!!!!
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