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you claim the gains, they'll likely be taxed at a 20% rate.

Are you including state capital gains rates with the federal long-term capital gains rate? At the federal level, isn't the maximum long-term capital gains rate only 15%?


I think the Fool is recycling an old article from Roy. There are other errors in the article (IRA contribution limits and child earned income threshold for taxes). I tried to email Roy about these issues and received an auto-reply that he was on vacation.

I then sent an email to the editorial group at the Fool and am waiting for their reply.

Ira

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