Capital Gains Taxes  

Knowing when to sell an asset is a difficult part of investing. Reasons for selling a stock, bond, or mutual fund may include:

  • Rebalancing a portfolio
  • Profit taking
  • Stopping further losses
  • A higher potential rate of return on an alternate investment
  • Cash needed for expenses

The tax consequences may be the most important part of your decision. Short-term gains are taxed at your highest marginal income tax rate, while long-term gains are taxed at lower long-term capital gains rates.

The calculator will estimate potential capital gains taxes. If you have owned the investment for 12 months or less, capital gains are considered Short-Term. If you have owned the investment for more than 12 months, capital gains are considered Long-Term.

     

What is the current value of the investment being considered for sale?

$

What is your cost basis? (What did you initially pay for the investment?)

$

What is your federal marginal income tax bracket?

Have you owned this investment for longer than 12 months?

YesNo
 
   
   
Wiseman & Associates Financial Servcices, LTD
27 West Boscawen St. • Winchester, VA • 22601
Phone: 540-722-6403 • Fax: 540-722-6405
• jpowell@wisemanandassociates.com
thomas.wiseman@lpl.com

Securities and advisory services are offered through LPL Financial, a registered broker-dealer and SEC registered investment advisor. Member FINRA/SIPC.

Tom Wiseman and Stephanie Smith, Representatives, Registered Representatives are licensed in the following states: Life Insurance Products: NC, NY, PA, TN, VA, WV.   Securities: AL, AZ, CA, DE,  FL, MA, MD, MI, MO, NC, NY, PA, SC, TN, VA,  WI, WV.  LPL Financial does not offer tax or legal advice.

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