Replies to post #115950 on Good Vibrations Shoes Inc (GVSI)

[Yolo]

No, but he believes that because his income was less than $40k, that he will pay 0% long term capital gains no matter how much he profits from GVSI.

For anyone confused, you'll get 0% capital gains up until the first 40k in profit. Then it is 15% for a while.

Although at this point, I'm not sure we need to worry about getting $40k+ in profit. We can cross that bridge when we get to it!