U.S. Capital Gains Tax Question: I realize this is a question for my tax accountant, but I thought Id ask you anyway for the investors perspective. If I understand correctly, you need to hold a stock for a year or more to qualify for the lower capital gains tax rate? If you sell in less than a year, it is taxed as normal income. Correct? I dont understand this restriction. It makes all but the most lucrative volatility plays a cash machine for the government. If I pick up cheap shares on a dip, and sell them days or weeks later on a spike, 25% or more goes to Uncle Sam. If I hold the shares for a year, then sell them, potentially zero (or 15%) goes to the government.
Posted on: Fri, 21 Mar 2014 19:43:20 +0000
Trending Topics
Recently Viewed Topics
© 2015