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  • Capital Gains tax

     sevin updated 11 months, 2 weeks ago 6 Members · 11 Posts
    AMC
  • AirMech74

    Member
    July 8, 2021 at 8:54 am

    I’ve googled it, and i still can’t come up with an exact percentage…does anybody know what it is for short term investment gains? I know my State is 5%…just not sure what the Federal % is.

  • Magilla

    Member
    July 8, 2021 at 10:24 am
    • AirMech74

      Member
      July 8, 2021 at 11:09 am

      Thanks!

  • Magilla

    Member
    July 8, 2021 at 10:30 am

    But when the MOASS happens, invest in an accountant AND a financial planner. One to keep the tax man off your back. The other to setup all your financial vehicles for the future.

    • AirMech74

      Member
      July 8, 2021 at 11:07 am

      OH i’ve already got a financial guy lined up. I’m gonna talk with my Tax guy to see if this is something he can take care of or if he can recommend someone. Will be the first thing I do. 😉

      • This reply was modified 11 months, 3 weeks ago by  AirMech74.
      • sevin

        Member
        July 15, 2021 at 5:00 am

        YES. Keep CPA on speed dial for any questions.

        Another thing, is taking out money in December, then January.

        Then you have 2 tax returns to pay back.

        (Did that make sense)?🤓 I was born backwards for the record.

  • MegaKong

    Member
    July 8, 2021 at 11:17 pm

    <div>Just place your info there and see your potential…. </div>

    https://taxmytendies.com

    • Curunir

      Member
      July 9, 2021 at 12:14 am

      That’s pretty awesome. Thanks!!

      I have the federal tiers into a spreadsheet but hadn’t done it for my state or the SS/Medicare (wasn’t even sure yet if those would be hit by capital gains).

      • MegaKong

        Member
        July 15, 2021 at 12:36 am

        You welcome Apes!

    • AirMech74

      Member
      July 9, 2021 at 7:29 pm

      Dude, that is exactly what I was looking for…thanks brother

  • Joey193

    Member
    July 15, 2021 at 12:51 am

    Thank you my Ape brothers I was looking for this type of info awesome.

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