I have mutual funds and some individual stocks in a non-IRA account. I pay capital gains tax every year when I file my tax return. I believe that when I sell these investments, I'll need to pay capital gains tax again, but I don't understand why. Would someone please explain to me how that works?
Depending on what I do, I'll be in either the 22% or 24% tax bracket for 2018. For the sake of discussion, let's say I'm considering selling a mutual fund that has $5,000 in capital gains (held long term).
Submitted June 16, 2018 at 09:40AM by Edgar_Allen_Pho https://ift.tt/2JGMu46
