Are You Losing 37% of Your Stock Gains by Making This Common Mistake?

·3 min read
Are You Losing 37% of Your Stock Gains by Making This Common Mistake?

When you're trying to make money in the stock market, it's tempting to focus on scoring those big returns and worrying about the tax bill later. Read on to learn about the mistake that could cost you up to 37% of your returns. When you sell a stock you've held for one year or less, any profit is considered a short-term capital gain, which is taxed as ordinary income.

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