To calculate LTCG you need to know the 'income' as it will determine how much will be taxed at 0%, 15%, 20% and if NiiT applies. Plenty of calculators online that will let you plug in the numbers (proceeds, basis, location, income, long vs short term).
Q: for the 'income' parameter, does this amount INCLUDE the proceeds from the LTCG or is that EXCLUDED?
Q: for the 'income' parameter, does this amount INCLUDE the proceeds from the LTCG or is that EXCLUDED?
Statistics: Posted by rene — Wed Apr 03, 2024 12:44 pm — Replies 3 — Views 85