3 facts about capital gains taxes
- You will pay a lower rate if you own a stock and sell it for a gain if you hold it for more than a year. Short Term (less than a year) gains are taxed at your income tax rate. Long Term (longer than a year) gains are taxed at either 0%, 15%, or 20%.
- You can owe capital gains on a mutual fund position that you never sell. This is typically not the case when you own an ETF (exchange traded fund) or an individual security (stock or bond).
- There are strategies you can deploy when you are selling an asset such as a stock, a business, or real estate to help mitigate or defer capital gains taxes.
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The foregoing information has been obtained from sources considered to be reliable, but we do not guarantee that it is accurate or complete, it is not a statement of all available data necessary for making an investment decision, and it does not constitute a recommendation
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