Posts by tag: trading income
How is trading income taxed?
Trading income, whether from stocks, bonds, or other investments, is typically subject to taxation. The tax rate can vary depending on your income bracket and the type of trading done. Short-term trades are generally taxed at your regular income tax rate, while long-term trades, those held for over a year, are taxed at a lower rate, often around 15%. It's crucial to keep track of your trades for tax purposes. Remember, it's always a good idea to consult with a tax professional to ensure you're meeting all your obligations.