InvestorsHub Logo
Followers 34
Posts 5999
Boards Moderated 0
Alias Born 03/07/2006

Re: None

Sunday, 03/30/2014 10:07:19 AM

Sunday, March 30, 2014 10:07:19 AM

Post# of 347753
If you sell and make a profit you will owe tax on that profit. It doesn't matter if the money is at the broker or bank. It is taxed as regular income. If you hold for a year it is considered a long term capitol gain. See below for the rate, it depends on your income.

http://www.fool.com/how-to-invest/personal-finance/taxes/2014/03/29/capital-gains-tax-rate-for-2013-and-2014-58-increa.aspx

JMO - Do your own DD.