The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies


Subject:  Q: Long Term Capital Gain Rate Date:  11/24/1999  12:59 PM
Author:  fh2000 Number:  21680 of 129628

I understand the rules for long/short term capital gain.

For short term, it is the same as my rate. In my case, it is 31%, plus my California State tax.

For long term, my rate should be 20%, plus my California State tax.

But my question is, since my returns are all prepared by the same accountant for years, when I look at Schedule D "Capital Gains and Losses", underneath of Part II, Long-Term Capital Gains and Losses, how do I know that he did calulate with just 20% for the Federal, not my usual 31% for the long term gains?

I know this is a question for him. But I only talk with him once a year. :-)

Thanks very much.
Copyright 1996-2019 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us