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June 26, 2024
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Long Term Capital Gains

  • June 26, 2024
  • 2 replies
  • 0 views

 

Hi, 

Thank you for sponsoring this event.

I have a question about long term capital gains.

I bought a stock last year and intend to hold it for at least another 5 years.

I will be 72 years old by then and will have retired.

If I sell the stock at a profit sometime thereafter what will be the capital gains tax rate at that point.

Thank you,

George

    Best answer by fanfare

    no one knows what the capital gains tax rate will be five years from now.

     

    @ghayner32 

    2 replies

    fanfare
    fanfareAnswer
    Employee
    June 26, 2024

    no one knows what the capital gains tax rate will be five years from now.

     

    @ghayner32 

    Carl11_2
    Employee
    June 28, 2024

    Basically, the tax rate will be whatever congress decides it will be 5 years from now. Nobody has any way of knowing what congress will do 5 years from now.