• Judy 4:20 am on October 5, 2010

    Depends on howmuch of the sale price was gain, how long you held them, and you’re overall tax bracket based on ALL of your income for the year.

  • Green Man 4:20 am on October 5, 2010

    If yoiu made a profit it depends on the capital gains tax & your state if they were sold before a certain date check with a accountant it may change dec 31st 2010

  • Doctor Deth 4:20 am on October 5, 2010

    depends if you made a profit or loss or broke even – yo only pay any tax on a profit on ALL your stock sales, so you need to keep records of all your purchases and the costs and dates

    if you have a net loss, that will reduce your taxable income – you can claim up to $3000 of net losses in any year, any excess gets rolled over to offset cap gains in future years

    tax return should have instructions – should be same at your top tax bracket up to the limit currently for cap gains (20%?)

  • Sharon T 4:20 am on October 5, 2010

    For federal income tax it will be somewhere between 0 and 15% of the long-term capital gain for funds sold during 2010.

    If you held the funds less than a year and a day and sold at a gain, the gain will be taxed just like any other income.

    If you sold the funds at a loss, there is no tax to pay.