How much taxes are charged when you sell stocks?
If you held them for over a year, the tax rate is 15% (10% if your in the lower tax brackets) If you held them for less than a year, the gains will be taxed at your effective tax rate. If you have a loss, you can deduct up to 3000 per year and carry over the remaining losses to offset future gains.
The taxes are based on the amount you sold them for minus the basis (cost originally paid). The rate is based on your total income.
if you make a profit, its called a capital gain and it's taxed the same as income. if you take a loss, it reduces your income.
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