Broker Detective Blog

December 7, 2010

When should I pay capital gains tax from selling stocks?

Filed under: Uncategorized — admin @ 10:40 am

mee asked:


Let’s say I have short term capital gains of $5,000 from selling stock A and long term capital gains of $10,000 from selling stock B. Both stocks were sold on 06/10/2006. To avoid any penalty should I pay federal income tax for those gains right away? Or I can wait until April 15, 2007?

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