I am in the 10 percent bracket. I sold some shares of stock this month (bought in 1978). The gain is about $2200. What is the capital gains tax rate on this?
I am in the 10 percent bracket. I sold some shares of stock this month
(bought in 1978). The gain is about $2200. What is the capital gains
tax rate on this?
The rate on long term capital gains (held more than one year) is 5%
so long as your regular tax rate is not more than 15%. In this
case you are safe - the rate will be 5%. For short term gains,
the tax rate is the ame as your other ordinary income.