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Calculating Taxes on Stock Sales

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Calculating Taxes on Stock Sales

Old 10-28-2007, 02:58 PM
  #1  
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Default Calculating Taxes on Stock Sales

Help me understand all this jibber-jabber. I just need to figure out what tax bracket I am in right?
Should be 5% until 2011.
Stock is unrealized capital gain, if I am reading it right.
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Old 10-28-2007, 03:03 PM
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Default Re: Calculating Taxes on Stock Sales

Stock sales which are profitable result in a taxable event. Federal taxes are paid on the capital gain. A maximum on 15% on long term capital gains [more than a year] and a maximum of 28% on short term capital gains. Your tax consequences may vary. Consult your accountant.
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Old 10-28-2007, 03:25 PM
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Default Re: Calculating Taxes on Stock Sales

Like I've been telling those who continue to brag on AAPL..it's only money when you sell it.
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Old 10-28-2007, 04:31 PM
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Default Re: Calculating Taxes on Stock Sales

Is it stock you've bought - or company stock options you have been given? There's a huge difference expecially if you have ISOs. Plus you may have to consider AMT in how you plan to exercise them.


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Old 10-28-2007, 04:34 PM
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Default Re: Calculating Taxes on Stock Sales

Stock I bought. Contemplating a sale. No options.
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Old 10-28-2007, 04:43 PM
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Default Re: Calculating Taxes on Stock Sales

Do it this year. There are no fewer than 34 tax bills on the dem's congressional agenda for next session and I'd bet the farm that capital gains rates will skyrocket-gotta soak all the "rich" ppl after all...

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Old 10-31-2007, 10:15 AM
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Default Re: Calculating Taxes on Stock Sales

Have you sold anything for a loss this year? If so, really think about taking a gain now.
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Old 11-01-2007, 08:51 PM
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Default Re: Calculating Taxes on Stock Sales

No losses.
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Old 11-02-2007, 05:20 AM
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Default RE: Calculating Taxes on Stock Sales

What's your basis? Do you "really" know?

I mean, sir, it transferred from them when they merged with him and then they split, but she didn't record it right and then we moved......
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