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 Tax on capital gain from stock investment?

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KajolThappar



Posts : 13
Join date : 2010-09-28

PostSubject: Tax on capital gain from stock investment?   Tue Sep 28, 2010 11:54 pm

The 3000 loss and the 3000 gain would cancel each other out. They would be recorded separately but it's the net total of $0 gain/loss that would show on your Schedule D. It's your net for the year that counts. By the way, while the capital gains is taxed at a maximum 15% bracket, if you are in the 10% or 15% tax brackets the rate is 5% instead of 15%.
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