how much is the taxes if i sell my shares in stock market? I bough them 2 weeks ago.?

Question

I bought them 2 weeks ago and i think i have made enough money and now i want to sell them but i don't know how much capital gain taxes.

Answer 1

Any stocks sold for a gain that have been held for less than 1 year are short-term gains (except for inherited stocks, which are automatically long-term no matter what the holding period), which are taxed at whatever your tax bracket is. Don't forget about state income taxes though, as some states tax short-term gains differently than long-term gains. Massachusetts for example taxes short-term gains at 12% and long-term gains at 5.3%

Answer 2

If you hold the asset for less than 1 year, it is taxed at your normal or "ordinary" tax rate. If you are in the 28% bracket it is 28% etc. If held over 1 year, you may benefit from the Capital Gains rate (15%). If you have a large gain and over $1,000 in tax liability results, pay Estimated Tax to avoid a penalty from IRS.

Answer 3

You have short term capital gain. It is taxed as ordinary income. This sale is reported on Schedule D of Form 1040.

Answer 4

This will be a short term gain and taxed as ordinary income. What ever your marginal tax rate is would apply.

Answer 5

You'll pay capital gains tax on whatever your profit is. The rate will depend on your other income - you'll pay tax at whatever your tax rate is.