Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe UPS Forum
UPS Discussions
Selling stock question.
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="ups79" data-source="post: 686105" data-attributes="member: 2004"><p>Confused to capital gains/loss. Most non management stock was purchased with investment earnings from the thrift plan. The thrift plan earnings just liked the stock earnings would be considered similiar to an ira(meaning taxable when withdrawn as income earnings). The price paid and price sold for has nothing to do with it being taxed. The stock can be sold and transfered to a traditional ira at any institution. Once you reach the age of 59 1/2 you may draw on that ira and only have to pay tax on the withdrawn amount as income. The only part that would be subject to capitol gains/loss, would be the stock purchased separately by money you have already been taxed on.</p></blockquote><p></p>
[QUOTE="ups79, post: 686105, member: 2004"] Confused to capital gains/loss. Most non management stock was purchased with investment earnings from the thrift plan. The thrift plan earnings just liked the stock earnings would be considered similiar to an ira(meaning taxable when withdrawn as income earnings). The price paid and price sold for has nothing to do with it being taxed. The stock can be sold and transfered to a traditional ira at any institution. Once you reach the age of 59 1/2 you may draw on that ira and only have to pay tax on the withdrawn amount as income. The only part that would be subject to capitol gains/loss, would be the stock purchased separately by money you have already been taxed on. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
UPS Discussions
Selling stock question.
Top