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Subject:  is long term cap gains income? Date:  4/23/2005  6:36 PM
Author:  ImCalvin Number:  78921 of 127616

If I purchased a stock ten years ago in a regular brokerage account for $10 per share and sold it today for $60 I would have long term capital gains of $50 per share. How would I calculate the total tax owed, is it just $7.50 (15% of $50), is that $50 added to my income or is it some combination of both?

Sorry for the really basic question, but your help is much appreciated.


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