Investors Are You Prepared For a Hefty Tax Bill Next Year?
If you have stock investments that are growing and you have been selling them at a gain, you may receive a hefty tax bill next year when you file your taxes for 2020. It is important to note that whenever you gain a profit from the sale of stocks, your gains are subject to capital gain tax. This also includes other assets like cryptocurrencies, bonds, and mutual funds. If you’re a new trader and are worried about a huge tax bill, you may need to consider tax planning to avoid unnecessary surprises. When was the last time you review your investment portfolios? Do you know how much gains you have made up to now? Do you have any concerns about overpaying in taxes? Share your thoughts with us here. #investments #tax #wealth #planning #taxes
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