If you are taking a loss you do not pay taxes on t
Post# of 56323
Posted On: 09/24/2015 1:10:26 PM
Re: Stickyfingers #53457
If you are taking a loss you do not pay taxes on that. Only on capitol gains. What the larger question is if the loss you take is greater than what taxes you would pay on any capitol gain in the future tax season. Depending on your situation, taxes can run upward to 35 percent on gains, and sometimes more, dependent on your situation, or, as low as 15 percent if your in an IRA and have owned this stock for at least a year.
There are many variables and I would suggest you talk to a tax professional for your particular situation. ALL JMO of course. GLTA
There are many variables and I would suggest you talk to a tax professional for your particular situation. ALL JMO of course. GLTA
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In times when you feel low self esteem, disappointment and perhaps even depression.......keep in mind that it may simply be the result of the fact that you are surrounded by ass holes. GLTA
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