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Minimum Long Term CG?

If I wanted to take long term capital gains on a stock, what percent would that be and what is the lowest amount it could be based on? Thank you.

Comments

  • "Long-term capital gains tax is a tax on profits from the sale of an asset held for more than a year. The long-term capital gains tax rate is 0%, 15% or 20% depending on your taxable income and filing status. They are generally lower than short-term capital gains tax rates."

    2019-2020 Capital Gains Tax Rates — and How to Avoid a Big Bill
  • For most folks who income is fall between $78,751 to $488,850 and filed jointly, LT cap gain is taxed at 15%. Article above provides more details depending on your tax bracket.
  • Thank you, hope I can keep my income low enough, but not below 78,751, so I'll just hold off on selling and leave it for my heirs as I'm 86 now.
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