Bathroom Remodeling

Taxation of Earned from Selling Shares Do I need to pay tax from cleartax.in Short-term capital gains are profits made from the sale of an asset held for one year or less. In other words, this refers to money earned from investments that are held for less than one year. Short-term capital gains are taxed differently than long-term capital gains, which are profits made from the sale of an asset held for more than one year. Short-term capital gains are taxed at the same rate as ordinary income. The tax rate can range from 10% to 37%. Examples of Short-Term Capital Gains Examples of short-term capital gains include profits made from the sale of stocks, bonds, real estate, and cryptocurrency. When it comes to stocks and bonds, the holding period begins the day after the purchase is made and ends the day before the sale. For real estate, the holding period begins on the day the property is purchased and ends on the day it is sold. Finally, for cryptocurrency, the holding period begins w...

Long Term Capital Gain ProfZilla from www.profzilla.com Long-term capital gain is a tax term that refers to the profit you make from selling a capital asset that you have owned for more than one year. Capital assets are items like stocks, bonds, mutual funds, real estate, and certain types of business property. If you earn long-term capital gain, you will be taxed at a reduced rate than if you earned a short-term capital gain, which is a gain on a capital asset that you have owned for less than one year. How Is Long-Term Capital Gain Taxed? The tax rate for long-term capital gain depends on your income and filing status. If you are in the 10% or 12% income tax bracket, you will not owe any tax on your long-term capital gain. If you are in the 22%, 24%, 32%, 35%, or 37% income tax bracket, you will owe a tax of 15% on your long-term capital gain. If you are a high-income earner, you may owe a tax of 20% on your long-term capital gain. What Special Rules Apply to Long-Term Capital Ga...