Before you sell an investment, it's a good idea to see how the sale may affect your tax liability. To make a better tax decision, use the Capital Gains Estimator or the GainsKeeper Web service to consider how the following actions affect your taxes:
You can use the Capital Gains Estimator or the GainsKeeper Web service to determine:
For example, let's say you're considering selling an investment that you purchased 10 months ago at a cost of $2,000, and it is now worth $3,000. You can use the Capital Gains Estimator or the GainsKeeper Web service to see how much tax you'll pay if you hold the investment a couple more months until it qualifies as a long-term investment.