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    imlaw's Avatar
    imlaw Posts: 10, Reputation: 1
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    #1

    Apr 29, 2009, 08:39 AM
    Tax Rate if you have investment income
    If I sell some stocks shortly after I buy them ( like in 30 days), I get short term capital gain which is taxed at higher rate compared to stocks one sells after keeping more than a year. If I sell stocks in both categories, but short term stocks have more gain/income than stocks I held more than a year, Would I be taxed for all My income at a higher rate or Are there any other factors or things I can use to lighten my tax burden?
    Five Rings's Avatar
    Five Rings Posts: 459, Reputation: 7
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    #2

    Apr 29, 2009, 08:53 AM

    Qualified dividends and long term capital gains are taxed at either 0 or 15% depending on your other income. See the worksheet.

    No matter how much your other income your tax on QD or LTCG can be no more than 15%.

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