Enzolytics Inc (ENZC)

[MAGA_PATRIOT]

Sunny - What jmach stated pertaining to the 20% is only correct if you sell after 1 year. The 20% cap gains is for "long-term" cap gains (sale of any shares held for at least 366 days or more).

If you sell shares considered short term and/or before they're considered "long term" (1 year or more), you will end up paying a cap gains % equivalent to that of your normal income bracket.

In other words, for the sake of easy math, lets say your annual salary is $120K per year. This would put you in the 38% tax bracket. Now, considering you purchased ENZC in September of 2020, any shares you sell prior to September 2021 (less than 366 days old), you will pay 38% cap gains tax on them + any state taxes depending on which state you're in.

If you were to wait and sell those shares after you've held them for more than 365 days (366 days or more), you would only pay 20% cap gains tax + state tax (depending on what state you're in).

Hope this helps...

$ENZC