Capital Gains

Frank D. Novotny on

Received this E-Mail from TD Ameritrade

As part of a year end review you may want to analyze gains
versus losses in your taxable invesrtment accounts for 2009.
This year taxpayers in the 10% or 15% tax bracket may take
advantage of a 0% capital gains rate and sell assets for a
profit tax free. To qualify, your 2009 taxable income cannot
exceed $33,950 for individuals or $67,900 for couples filing
jointly.

To Bivio:
I assume this tax break will apply to the capital gains of
investment club members?

Thank You
Frank Novotny

iras1 on

Yes, but this isn't new. These capital gains rates are in effect for tax years 2008-2010 and are determined at the individual level. Your investment club capital gains are added to your personal capital gains before making the determination.

Ira Smilovitz

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In a message dated 12/07/09 10:33:14 Eastern Standard Time, jed_nov_fra@bivio.com writes:

Received this E-Mail from TD Ameritrade

As part of a year end review you may want to analyze gains
versus losses in your taxable invesrtment accounts for 2009.
This year taxpayers in the 10% or 15% tax bracket may take
advantage of a 0% capital gains rate and sell assets for a
profit tax free. To qualify, your 2009 taxable income cannot
exceed $33,950 for individuals or $67,900 for couples filing
jointly.

To Bivio:
I assume this tax break will apply to the capital gains of
investment club members?

Mail