I've tried looking online for this info but what I've found so far is a little confusing. So a little back story.
I started investing about a year ago in March 2017. I started with 6k and now I'm at around 13k. I'll be the first to admit that my gains have been almost complete luck because i just bought and held certain stocks for long periods. I wasn't day trading but I didn't hold any investments for longer than a year.
So my question is will I still be obligated to pay capitals gains taxes even though my yearly income is under $38,700?
I want to answer my own question by saying this will fall under short term capital gains which will be taxed as income and because my only income has been from these stocks I should expect to be paying 10%?
Submitted April 27, 2018 at 07:24AM by CanSome1TuckMeIn https://ift.tt/2HvCGsL
