2006-12-05 05:33:36 · 7 answers · asked by carriedo 1 in Business & Finance ➔ Taxes ➔ Other - Taxes
Very dependent. How is the $18,000 accounted for? Is it dividends? Is it interest on bonds? If so, are the bonds tax-deductible.
Most likely, it is a capital gain. In that case, it depends on when you bought it and when you sold it. Short term capital gains are taxed at a higher rate than long-term.
2006-12-05 05:38:45 · answer #1 · answered by Shane L 3 · 0⤊ 0⤋
It depends on how much other income you have, and whether what you made from the investment is considered a capital gain. If it's a long term capital gain, then tax would be either 5% or 15%, depending on your tax bracket. If it's not a capital gain or is short term, then it would be treated like other income to calculate the taxes, so depends on your bracket.
2006-12-05 15:51:36 · answer #2 · answered by Judy 7 · 0⤊ 0⤋
It really depends upon your total income. There is a capital gains tax worsheet which computes tax on the gain and/or total income.
The first two answers are a bit overstated...In the instance of capital gains you could max out at 15%. See link below for more info.
2006-12-05 13:38:57 · answer #3 · answered by Country Boy 5 · 0⤊ 0⤋
Depends on the jurisdiction, and if in the United States, how long you held the investment as well as on the rest of your tax situation. In the US, go to www.irs.gov and download Form 1040 Schedule D to work out the details.
2006-12-05 13:40:14 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Depends on your tax bracket, and what exemptions you can claim on that...
2006-12-05 13:36:23 · answer #5 · answered by rmijares 2 · 0⤊ 0⤋
40%
2006-12-05 13:34:47 · answer #6 · answered by Anonymous · 1⤊ 1⤋
it is usually about one third so about 6000.00
2006-12-05 13:35:27 · answer #7 · answered by jason g 2 · 0⤊ 1⤋