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MLR_Lite

04/01/21 8:45 AM

#94277 RE: makindatcash #94275

Short term is based on your income bracket
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JW2020

04/01/21 8:47 AM

#94278 RE: makindatcash #94275

It's always about your tax bracket if doesn't matter how much you make unless you make over 500K short-term.

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BillionBux

04/01/21 8:48 AM

#94280 RE: makindatcash #94275

Short-term capital gains are taxed just like your ordinary income. That's up to 37% depending on your tax bracket.

https://www.investopedia.com/articles/personal-finance/101515/comparing-longterm-vs-shortterm-capital-gain-tax-rates.asp

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Jim46

04/01/21 10:28 AM

#94369 RE: makindatcash #94275

It matters.