Do I need to pay capital gains tax?
Posted: Wed Apr 14, 2010 12:20 am
In U.S., for tax reasons at the end of year, do individual investors, who are income tax-sensitive, need to sell stocks before Dec in order to claim a capital loss for receiving tax deduction?
If they hold the losing capital through Dec without selling them, will they able to to receive tax deduction?
On the other hand, if Investors are making profits, then will they need to pay capital gains tax if they hold their capital without selling them?
Does anyone have any suggestions?
Thanks in advance for any suggestions
Eric
If they hold the losing capital through Dec without selling them, will they able to to receive tax deduction?
On the other hand, if Investors are making profits, then will they need to pay capital gains tax if they hold their capital without selling them?
Does anyone have any suggestions?
Thanks in advance for any suggestions
Eric