- Capital gains taxes differ depending on whether the asset was owned for more than one year or less.
- Any capital gains realized on the selling of the asset if owned for less than a year will be taxed at the investor's ordinary income tax rate.
- If they were kept for more than a year, however, the capital gains will be taxed at a rate of 0%, 15%, or 20%, depending on how long they were held.
- The exact tax rate chosen will be determined by the investor's average income level, with higher incomes resulting in higher tax rates.
0 Comments