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Old 01-29-2018, 06:26 PM   #1666
lewdog lewdog is offline
KC Chiefs....so much lol
 
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Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $62000
Quote:
Originally Posted by Buehler445 View Post
Wrong-o.


Short term capital gains are taxed as ordinary income. Long Term Capital Gains have their own brackets based on the brackets your Taxable income falls under. It's stupid, yes, but most likely it is whatever your ordinary tax rate is vs probably 15%.

https://www.fool.com/taxes/2017/12/1...s-in-2018.aspx
Ah I see. My numbers are correct given our previous tax bracket years. But since the wife isn’t working this year, I may be able to slip our household income into the 0% long term gains rate. More money into the 401k should do the trick. That would be sweet!

Quote:
Originally Posted by Hog's Gone Fishin View Post
I'm not aware of that. are you saying your tax liability drops to 15% if you own them 1 year ??
It does drop for lost people as it’s comsidered a long term capital gain after holding a year. See Buehlers article. Very helpful.
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