Investments that you hold for less than a year and then sell are considered short term investments and are taxed as ordinary income.
The tax stuff has begun to arrive and for most of us it’s stacked on the kitchen counter.
Congress and the IRS decided that you could not leave your pre-tax retirement savings growing forever tax-deferred, so they chose 70½ for you to begin your mandatory withdrawals.
WBZ’s Dee Lee talks capital gains, losses, and dividends.
Close to 48 million taxpayers take the time to fill out all those formidable long 1040s and use their deductions, over $1 trillion in deductions.