How Your Investments Are Taxed
๐๐๐ฅ๐ฅ ๐ ๐ฌ๐ญ๐จ๐๐ค ๐ข๐ง ๐ฎ๐ง๐๐๐ซ ๐ ๐ฒ๐๐๐ซ? Short-term gains = taxed as ordinary incomeโฃโฃ
๐๐จ๐ฅ๐ ๐ข๐ญ ๐๐จ๐ซ ๐จ๐ฏ๐๐ซ ๐ ๐ฒ๐๐๐ซ? You get the lower ๐ฅ๐จ๐ง๐ -๐ญ๐๐ซ๐ฆ ๐๐๐ฉ๐ข๐ญ๐๐ฅ ๐ ๐๐ข๐ง๐ฌ ๐ซ๐๐ญ๐๐ฌ (0%,15%, or 20% depending on income)โฃโฃ
๐๐๐ซ๐ง ๐ข๐ง๐ญ๐๐ซ๐๐ฌ๐ญ ๐๐ซ๐จ๐ฆ ๐ก๐ข๐ ๐ก-๐ฒ๐ข๐๐ฅ๐ ๐ฌ๐๐ฏ๐ข๐ง๐ ๐ฌ ๐จ๐ซ ๐๐๐ฌ? Thatโs taxed at ordinary income too. โฃโฃ
๐ช๐ข๐ญ๐ก๐๐ซ๐๐ฐ๐ข๐ง๐ ๐๐ซ๐จ๐ฆ ๐ฉ๐ซ๐-๐ญ๐๐ฑ ๐๐๐๐ค ๐จ๐ซ ๐๐ซ๐๐๐ข๐ญ๐ข๐จ๐ง๐๐ฅ ๐๐๐? Ordinary income tax applies + a ๐๐% ๐ฉ๐๐ง๐๐ฅ๐ญ๐ฒ ๐ข๐ ๐ฎ๐ง๐๐๐ซ ๐๐.๐.โฃโฃ
๐๐ฎ๐๐ฅ๐ข๐๐ข๐๐ ๐๐จ๐ญ๐ก ๐๐๐ ๐ฐ๐ข๐ญ๐ก๐๐ซ๐๐ฐ๐๐ฅ๐ฌ? are ๐๐๐ฑ-๐
๐ซ๐๐โฃโฃ
โฃโฃ
๐๐ง๐๐๐ซ๐ฌ๐ญ๐๐ง๐๐ข๐ง๐ ๐ข๐ง๐ฏ๐๐ฌ๐ญ๐ฆ๐๐ง๐ญ ๐ญ๐๐ฑ๐๐ฌ = ๐ฆ๐จ๐ซ๐ ๐ฆ๐จ๐ง๐๐ฒ ๐ข๐ง ๐ฒ๐จ๐ฎ๐ซ ๐ฉ๐จ๐๐ค๐๐ญ โฃโฃ
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Kerim Tulun, CFPยฎ
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