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OHMYGOD

09/01/09 10:33 AM

#34855 RE: wunderschatz #34852

That is why I have a call into a CPA office. I will update ASAP.

GLTYA

W
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fisherman2009

09/01/09 10:53 AM

#34867 RE: wunderschatz #34852

While many believe that the long-term capital gain tax rate is a standard 15%, this is certainly not always the case. Your tax rate is dependant upon many individual factors such as your income-tax bracket, the type of investment sold, the length of time you held onto it, and date of sale. I believe long term capital gains max out at 28% through 2010.