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Consider the Tax Before You Sell

9/17/2019

In times of market volatility or when a financial need arises, it is only natural to consider selling some investments. Understanding the tax consequences is key to making an informed and planned decision. Here is what you need to know before you sell:

 

 

As the above tax rate chart suggests, understanding the tax consequence of selling an investment can be complicated. Your tax obligation could be subject to no tax or up to 37 percent plus an additional 3.8 percent for the net investment income tax. Here are some ideas to consider:

Within retirement accounts

Gains and losses outside of retirement accounts

Remember your investment decisions can often have quite different tax consequences. The best suggestion is to seek advice BEFORE you sell.

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