Capital Gains Tax

[BradleyT]

Let me see if I have this right.

In November I cashed out a stock that I had been investing in for 3 years. My initial deposit was $600 and then I paid $50 per month up until I cashed it out.

So for capital gains it would be $3200 - ($600 + 1800) = $800 correct?

[haakee]

Sure, but some of those gains are short-term and some of the gains are long-term.

[dazraf69]

Do u still pay capital gains tax even when u re invest profit immediatly

[rocketplayer]

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Do u still pay capital gains tax even when u re invest profit immediatly

[/ QUOTE ]

You don't have a great record in cashing out winners do you?

There is no such thing as reinvesting gains in stocks, this isn't real estate and 1031 you know.

[dazraf69]

[ QUOTE ]
You don't have a great record in cashing out winners do you?


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lol idiot