The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies


Subject:  Re: is long term cap gains income? Date:  4/24/2005  12:06 AM
Author:  ImCalvin Number:  78926 of 124780

Ok, one last time. The capital gains are counted as part of my income, but are taxed at a separate rate (15% in this case). The fact that it's still counted as part of my income is important because it may disqualify me from contributing to a Roth IRA or other benefits that are have specific income limits.

Thanks very much Lorenzo and Phil!

Copyright 1996-2016 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us