Quotes from the news wire:
If the investor has held the fund for a less than a year, all capital gains will be taxed at their income level, if they have held the fund for greater than a year, they can get a little break in the capital gains tax, maybe 5 % or 20 % depending on your tax bracket, but they may have a big tax bill to pay next year since we've been in a bull market for so long.
Found on CNN 4 years ago
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