Welcome Guest. Register Now!  



Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 11-03-2017, 02:53 PM
Junior Member
 
Join Date: Nov 2017
Posts: 1
capital gains-individual income

Hi,
I am thinking about selling some stock through E-trade. I know for long term capital gains (hold stocks for at least a year) the sale of the stocks will be taxed at 15% as determined by my income tax bracket.

We are close now to be going into the next tax bracket for regular income taxes. Will the sale of the stocks be counted toward our joint income tax and push us to the next tax bracket?
Thank you,
Shane



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
  #2 (permalink)  
Old 11-04-2017, 10:10 AM
Moderator
 
Join Date: Oct 2010
Posts: 5,258
We are close now to be going into the next tax bracket for regular income taxes. Will the sale of the stocks be counted toward our joint income tax and push us to the next tax bracket?=====>>Correct; as you can see, you need to report your capital gain on 1040 line 13 and the gain will increase your AGI , taxable incomewhich then affects your tax bracket. HOWEVER, capital gains are taxed differently. But to answer your question, they do affect your tax bracket.



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Do I have to file? no income, only capital gains needhelp21 Capital Gains 1 04-14-2015 09:13 AM
Once capital gains are paid is the balance still taxable regular income. tommy Capital Gains 1 03-31-2015 11:32 PM
capital gains tax rate for 15% income tax bracket mikectm2 Capital Gains 1 03-29-2015 02:17 AM
Capital Gains vs. Regular Income hoangtu69 Capital Gains 3 11-17-2014 11:25 AM
Income versus Capital gains hollywoodg Income 0 07-18-2013 09:48 AM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning
 
 
 

» Recent Tax Q&A
No Threads to Display.