Things to keep in mind when it comes to capital gains

There are two things you need to watch out for when it comes to the capital gains.

1) Rule exceptions.

The first thing to watch out for is the rule exceptions. This is about that there may be times where the capital gains tax rates are noteworthy exceptions. 

Long-term capital gains on so-called “collectible assets” are about that generally taxed is at 28%. Here we are talking about things like precious metals, coins, fine art and antiques. 

And the Short-term gains here are on such assets which was mentioned about are taxed at the ordinary income tax rate.

2) The net investment income tax.

And the second thing to watch out for is the net investment income tax. This is more about that some investors may owe an additional 3.8% that applies to whichever is smaller. Your net investment income or even the amount by which your modified adjusted gross income exceeds the amounts listed below.

3) Income thresholds

Here on this last one we will talk about the income thresholds which might make investors subject to this additional tax.

And here are we talking about =

Single or head of household = $200,000

Married, filing jointly = $250,000

Married, but filing separately = $125,000

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