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MLR_Lite

11/27/20 9:35 PM

#48990 RE: armstjo1 #48988

This sounds more complex than I understand it to be.

If you sell a stock before 1 year then it is short term gains. Taxed at the same rate as your job typically.

If your sell after 1 year then long term gains are 15% this year. It changes occasionally.

I think all brokerages will send you a 1099 documenting your trades. But I use excel to track each buy/sell/commission.
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Kyle279

11/27/20 9:38 PM

#48991 RE: armstjo1 #48988

Talk to a tax planner There are ways to defer your investment gains. Google opportunity zone funds for example.