Personal Investments • Taxation of capital gains under average cost basis

I understand that short-term capital gains are taxed at the ordinary income rate and long-term capital gains are taxed at 0%, 15% or 20%.

When average cost basis is selected ...

Does tax software separate short-term and long-term gains and apply the appropriate tax rates to each?

Thanks,

S

Statistics: Posted by spencer99 — Sun Sep 01, 2024 10:58 pm

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