Posted On: 10/24/2016 3:33:42 PM
Post# of 75357
Re: Tombstone3821 #27302
If you've owned stock for 1 year and sell it for a profit - that profit is taxed as a long term gain - if less than 1 yr a short term gain that's taxed as ordinary income>
If you've held stock for a year and sell at a loss you have to sit out a min of 30 days to be able to use that loss against gains down road with same stock
- or rebuy same/next day and forfeit that loss.
Hope this helps ya
If you've held stock for a year and sell at a loss you have to sit out a min of 30 days to be able to use that loss against gains down road with same stock
- or rebuy same/next day and forfeit that loss.
Hope this helps ya
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