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Understanding Capital Gains

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Understanding Capital Gains

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Long-Term vs. Short-Term Gains

Short-term capital gains are taxed at ordinary income tax rates. The long-term capital gains tax rate is 0%, 15% or 20%.

Rules for Capital Losses

Capital losses may be used to offset capital gains. Any remaining capital losses above that can be carried forward to potentially offset capital gains in following years.

Tax-loss Harvesting

You may deduct up to $3,000 of capital losses in excess of capital gains for your federal tax return each year. State tax rates vary.

What works for you?

Your personal circumstances and financial situation will play a role in how you approach your taxes.

Taxes should not drive investment decisions, but understanding the tax consequences of selling an investment can provide some much-needed insight. Use this calculator to better understand the difference between short-term and long-term gains and to get an idea of what you might owe. Also, don't forget that state taxes may be due as well.

Inputs

These are example values based on hypothetical averages.

$0 $500,000
$0 $500,000

Results

$0
$0

Visual Breakdown

Did the numbers surprise you, or were they in line with what you expected? If you have any questions, such as how to pay any taxes due, please reach out. Having a strategy in place before making a decision can help you remove some of the guesswork.

This calculator is for informational purposes only and is not a replacement for real-life advice. Consult your tax, legal, and accounting professionals if you have specific questions about long- and short-term capital gains.

Explore Your Choices

Here are just some of the many ways we can support your goals for the future.

Short-Term Gains

Short-Term Gains

Discover where you stand with assets held for less than a year and how you can manage those potential tax implications.

Long-Term Gains

Long-Term Gains

Learn how holding onto assets longer can change your potential tax liabilities.

Real Estate Gains

Real Estate Gains

Navigate the unique terrain of real estate, where the capital gains rules may differ, and be aware of your potential opportunities.

Retirement Funds

Retirement Funds

Learn how tax-advantaged retirement funds can play a role in your overall financial strategy.

Capital Gains Corner

Spend some time with our capital gains content, where we strive to make knowledge meet clarity.

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Realize The Unrealized

Make capital gains work for you.

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These resource pages are for informational purposes only and is not a replacement for real-life advice. You are encouraged to speak with your tax, legal, and accounting professionals before modifying any part of your overall tax strategy.

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