S2000_Europe

where I can get some simple guidelines?

As far as I know if you hold a securities for less than a year the gains will be taxed 35% if more than a year just "only" 15%

The same taxation holds to deposits


some information regarding 401K. I usually invest with ETFs, no many movements on the year, just to rebalanced the portfolio, less than 15 per year and do not make any withdraws.


In Spain is possible to sell a fund and invest the gains and principal in other fund without incurring in tax gains. Tax are incurred when you sell a fund only . Something similar here?

Thanks

AssassinJN

I could be wrong, but I thought you only pay taxes on a 401k when you withdraw money from the account. Changing the money around from one fund to another should not incur any taxes.

bat711

If it's a 401(k) you don't pay taxes unless you are taking a distribution from it. In addition, when you do take a distribution from this type of account you pay your normal tax rate and not a capital gains tax.

S2000_Europe

^^^^ oh interesting....

which is more interesting is that I have been such an idiot because i did not open one since I start to invest in securities 5 years ago

amao20

short term gains (less than 1 year) are taxed at your income level, assuming you earn more than $15,000 per year. If you earn less than that, then I think your short term gains are taxed at 5%.

long term gains are taxed at 15% - this should hold for the remainder of 2008. There are rumblings that this will change, especially if the Democrats are elected to Presidency.