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
 
   
   
Progressive Financial Planning Services, Inc.
10412 S. Cicero Ave. • Oak Lawn, IL • 60453
Phone: 708-422-3711 • Fax: 708-422-5727
• bob@progressivefinancial.net

Advisory Services offered through Investment Advisors, A Registered Investment Advisor and division of ProEquities, Inc.  Securities offered through ProEquities, Inc., a Registered Broker-Dealer and  Member, FINRA & SIPC.  Progressive Financial Planning Services, Inc. is independent of ProEquities, Inc.