If your an American its true. Google "short term gains" for more info.
If your Canadian, stardancer's comments are correct.
If your Canadian, stardancer's comments are correct.
Capital Gains Tax or Income Tax
Hi There,
I bought stock 6 months ago and just sold it with a nice profit.
A friend told me that it was a mistake to not hold the stock for one year bc my profit will be treated as income and taxed as such rather than taxed as a capital gain.
Is this true?
I bought stock 6 months ago and just sold it with a nice profit.
A friend told me that it was a mistake to not hold the stock for one year bc my profit will be treated as income and taxed as such rather than taxed as a capital gain.
Is this true?
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1 - 1 of 4 Posts
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