Did you know that what the rate you pay on gain from the sale of stocks or other assets depends on the length of time you owned the asset, the type of asset, and your taxable income.
Assets you acquire in other ways, such as by gift or inheritance, follow different rules. For gifts, your holding period can include the ownership period of the person who gave you the gift. Inherited assets have a long-term holding period, no matter how quickly you sell them.
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Most people don't like to think about taxes until the year end. However, taxpayers who watch the calendar can improve their chances of getting a larger refund.
Most people don't like to think about taxes until the year end. However, taxpayers who watch the calendar can improve their chances of getting a larger refund.
Most people don't like to think about taxes until the year end. However, taxpayers who watch the calendar can improve their chances of getting a larger refund.