How much tax one has to pay on the long term capital gain in USA?

Question

I have been holding a companies stock for past 1 year.

Can somebody tell me whether it qualifies for long term investment and how much % I need to pay as tax on this long term gain

Answer 1

The stock qualifies as a long term capital gain if you hold it longer than one year. That means at least one year plus one day. The long term capital gains tax rate depends on your ordinary marginal tax rate. If you are in the 10% or 15% tax bracket, you pay 5% on long term gains. If you are in the 25% bracket or higher, you pay 15% on the gains. Any short term gains are taxed at your ordinary tax rate. I suppose you know about using Schedule D on your tax return? If you fill out that form correctly, your gains should be taxed at the correct rates.

Answer 2

Yes, if you've owned the stock for over a year, it would qualify for long term capital gains treatment. LT capital gains rates last year for stock sales were 15% if you would otherwise have paid 25% or higher on the same amount of income; 5% if lower.

Answer 3

The long term holding period is one year and a day. If you sell the stock the gain would be taxed at 15% federal tax and whatever your state tax rate is.
The tax on the gain is only payable when you sell the stock.

Answer 4

Normally, the long-term holding period is one year, and the max Federal Tax rate is 20%.

Answer 5

No. earnings earned in India is answerable for earnings tax in India ( each so often, earnings dropped at India). probable you may ought to pay taxes in u . s . for the earnings earned there.