When you sell stocks, you may have to pay a capital gains tax. This tax is a percentage of the profits you make on the sale. The tax rate depends on how long you’ve owned the stocks and your income level. Short-term capital gains tax is the same as your ordinary income tax rate. For […]
When To Sell Stocks For Tax Purposes
Most people think of stocks as investments, but they can also be vehicles for tax avoidance. When you sell a stock for a gain, you have to pay taxes on that gain. However, there are a number of strategies you can use to reduce or even avoid those taxes. The most common way to avoid […]
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