Should You Consider A Roth Conversion? (Flow Chart)
Avoid paying unnecessary taxes in your retirement accounts.
1 min read
Determining the tax impact of selling an investment can be complicated.
To help make this easier, we wanted to share this “Will I Have To Pay Tax On The Sale Of My Investment?” flowchart.
Use this to help figure out the tax liability on the sale of your investment.
Addressing some of the most common issues that arise when trying to understand the tax impact of selling an investment, this flowchart considers the following:
- Capital gain versus capital loss
- Long-term versus short-term status
- Tax brackets and applicable rates
- Medicare Surtax calculation