[taylwha66]

Please advise if I will be liable for taxes in Georgia and by the Federal Government as it pertains to the sell of 28 Shares of MetLife stocks? If I have to pay any taxes what percentage will I be liable for?Computershare Trust Company who handle the trade did not withhold any taxes. Thank you for your cooperation and continued support.

[ebaines]

You must report the sale of stock on both your federal and GA state income tax returns. The tax rate on any capital gain depends on your adjusted gross income and how long you've owned the stock - for federal purposes the tax rate on long term gains (for assets held more than 1 year) is typically 15%, but may actually be 0% depending on your income. For short term gains (assets held less than 1 year) gains are incuded as ordinary income, so are taxed at the same rate as other income like wages. Computershare should have already sent you a 1099-B form that reports the sale of the stock in 2013 and (if known) your cost basis.

[AtlantaTaxExpert]

This assumes you are in fact living in Georgia and are not a foreign national living overseas.