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hazeleyes33
LIF Adult
Member since 5/05 13060 total posts
Name:
Ginger
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?? about Selling Stock
Does anyone know how much taxes I would have to pay once I sell some stock? My sister has done this and she said it is 20%. Is this true? I need to know exactly how much money to put aside and how much I will have to spend.
Thanks!
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Posted 10/11/06 9:02 PM  |
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Long Island Weddings
Long Island's Largest Bridal Resource |
HollaGirl
Merry Christmas !!!
Member since 10/06 3308 total posts
Name:
Kristen
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Re: ?? about Selling Stock
It depends on how much you have made off of it.
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| Posted 10/11/06 9:03 PM |
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hazeleyes33
LIF Adult
Member since 5/05 13060 total posts
Name:
Ginger
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Re: ?? about Selling Stock
Posted by HollaGirl
It depends on how much you have made off of it.
My parents originally bought it when I was young and have kept it for about 30 years.
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| Posted 10/11/06 9:03 PM |
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MegZee
My bunny
Member since 5/06 8777 total posts
Name:
Meaghan
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Re: ?? about Selling Stock
capital gains tax can be as much as 40% - but it depends on your situation - i would ask your accountant.
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| Posted 10/11/06 9:05 PM |
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jerrysgirl
I love my hot dog!!
Member since 6/06 5357 total posts
Name:
E & J
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Re: ?? about Selling Stock
depends if you have the stock long term over a year or short term. different tax rates
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| Posted 10/11/06 9:13 PM |
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hazeleyes33
LIF Adult
Member since 5/05 13060 total posts
Name:
Ginger
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Re: ?? about Selling Stock
Posted by Meaghan729
capital gains tax can be as much as 40% - but it depends on your situation - i would ask your accountant.
I don't have one but my mom can find out from hers. I just don't want to make sure we have enough money at tax time when we will have to pay!!
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| Posted 10/11/06 9:13 PM |
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MegZee
My bunny
Member since 5/06 8777 total posts
Name:
Meaghan
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Re: ?? about Selling Stock
Posted by hazeleyes33
Posted by Meaghan729
capital gains tax can be as much as 40% - but it depends on your situation - i would ask your accountant.
I don't have one but my mom can find out from hers. I just don't want to make sure we have enough money at tax time when we will have to pay!!
good luck - let us know im curious!
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| Posted 10/11/06 9:16 PM |
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