So, Techenforcer, since there have been two 2-for-1 splits since then, you actually have at least 8,000 shares now, right? That's not bad, for a $30,000 investment!
So, Techenforcer, since there have been two 2-for-1 splits since then, you actually have at least 8,000 shares now, right? That's not bad, for a $30,000 investment!
Something like that. When I sell the FED takes like 40% though.
The market has been correcting for a few weeks now. Not a big deal. They will go up again when Leopard is here.
Really? Long term capital gains rates top out at 15%.
You still have to report it on your taxes as income for that year. They get you from all sides.
But the stock is capital gains, not income. It goes on a separate line and gets taxed at a maximum of 15%. There is no additional income tax on it.
Well that is terrific news. I don't know much about it. I have only sold once and they tore me up.
I hope you reported it correctly! Of course your state may also levy a capital gains tax in addition to the federal.
Also if he sold it all at once he'd probably be liable for the alternative minimum tax, which is much higher than 15 percent.
was that the right decsion?
Yeah this really sucks. I should have sold at $140 but I didn't. It will come back up. I bought 2,000 shares at $15 a share back in 1990s. Think of how much I lost today.