Personal Investments • Vanguard is asking for a "limit" number to sell ESPP

To my understanding I will pay the 15% LTCG (I had to hold them for more than a year), and then I don't pay any other tax?

That's correct, no other tax than LTCG if all shares were long-term (>1y), which they are. You can get an rough idea of your tax burden with Engaging Data: Tax Visualization. For a more detailed assessment you probably want to use TurboTax's free Tax Caster or a tax forecast calculator from your preferred tax-prep software.

Does the total market value of the sell count towards my total income for the year also? I am trying to determine how much extra I might owe.

Capital gains do NOT impact your ordinary income bracket, but they will increase your AGI (which might limit your ability to make direct Roth IRA contributions among other things).

Statistics: Posted by bonesly — Thu Aug 22, 2024 9:39 pm — Replies 12 — Views 1013

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