tax, captial gains, united states, taxes, federal income tax
2006-08-11 12:28:54 · 4 answers · asked by i_got_questions 1 in Business & Finance ➔ Taxes ➔ United States
Short term capital gains are taxed at the same rate as ordinary income.
2006-08-11 12:32:25 · answer #1 · answered by BigD 2 · 0⤊ 0⤋
I believe that short term capital gains are taxed at 28% (equities held less than a year). Long term capital gains (>1year) are taxed at 15%.
2006-08-11 21:58:29 · answer #2 · answered by sukditup 3 · 0⤊ 0⤋
irs.gov is a great resource if you insist on doing your taxes yourself.........otherwise you can pay a professional. Its ordinary income, you just have to make sure your basis is correct.......which I see people screw up all the time!
2006-08-15 03:43:02 · answer #3 · answered by WitchTwo 6 · 0⤊ 0⤋
http://www.gainskeeper.com/glossary_CapitalGainsTax.html
2006-08-11 19:34:49 · answer #4 · answered by Anonymous · 0⤊ 0⤋