Volatility tea leaves, declining demand, and cats, chips & cars
The Exchange
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What Should I Do if I've Had Losses?
Last year's trading frenzy over meam stocks like a m c and gamestop could have an unexpected impact on returns for some new investors. Short term gains from stocks held for one year or less before being sold, are subject to ordinary income tax rates. Long term gains fromstocks held more than one year will be taxed at zero, 15 or 20%. A net capital gain is considered income. An increase in income could reduce certain tax breaks, student loan interest, a child tax credits, a deduction for medical expenses. The higher youre ajust o gross income, the fewer tax breaks you may be eligible to get.
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