Information is from sources deemed reliable on the date of publication, but Robinhood does not guarantee its accuracy. Before making decisions with legal, tax, or accounting effects, you should consult appropriate professionals. Past performance does not guarantee future results or returns. All investments involve risk, including the possible loss of capital. This information is neither individualized nor a research report, and must not serve as the basis for any investment decision. This information is not a recommendation to buy, hold, or sell an investment or financial product, or take any action. This information is educational, and is not an offer to sell or a solicitation of an offer to buy any security. This can reduce how much the investor has to pay in taxes. If an investor has lost money in the current year, or in previous years, then that may help offset against some gains. Remember, capital losses may help offset capital gains. The tax will now range from 0% to 20%, depending on the investor’s annual income. If the investor has held the asset for more than one year, then their profit will be taxed differently.Note: There are some exceptions to this rule, such as with collectibles (like stamps, coins, and baseball cards), which may be taxed at a higher rate. If they have owned the asset for less than one year, then they will need to pay capital gains tax at the same rate as normal income tax.The next step is to determine how long the investor has held the asset.It's important to note that commissions and fees are included in the cost basis. If the sales price is higher than their purchase price, then there is a potential capital gain.Let’s assume an investor owns a capital asset (shares, bonds, property), and they decide to sell: Calculating capital gains tax is relatively straight-forward.
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