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Posted On: 02/01/2021 5:28:26 PM
Post# of 148902
Hey T Man Made,
I get that now.
After 366 days your shares become long term and currently taxable at 15% thereafter. In a brokerage account.
If you’re trading in a retirement account, you probably are not executing a taxable event if you leave the gains in the retirement account. Once you cash them, a taxable event occurs.
I am a layman and you should always consult a financial expert.
GLTU brother.
I get that now.
After 366 days your shares become long term and currently taxable at 15% thereafter. In a brokerage account.
If you’re trading in a retirement account, you probably are not executing a taxable event if you leave the gains in the retirement account. Once you cash them, a taxable event occurs.
I am a layman and you should always consult a financial expert.
GLTU brother.
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