Sold long term investment

Profits from the sale of an asset held for more than a year are subject to long-term capital gains tax. The rates are 0%, 15% or 20%, depending on taxable income and filing status. Per the IRS, most people pay no more than 15%.

Long-Term Capital Gains Tax Rates for 2024

• 0% Rate:

  • Single filers with taxable income up to $47,025
  • Married filing jointly with taxable income up to $94,050
  • Head of household with taxable income up to $63,000

15% Rate:

• Single filers with taxable income between $47,025 and $518,900
• Married filing jointly with taxable income between $94,050 and $583,750
• Head of household with taxable income between $63,000 and $551,350

• • 20% Rate:
  • Single filers with taxable income over $518,900
  • Married filing jointly with taxable income over $583,750
  • Head of Household with taxable income over $551350

@bnrretire Thanks for the question!!