Cryptocurrency Q&A
Do capital gains count as income?
Do capital gains count as income?
TaegeukChampionCourageousHeart
Thu Feb 13 2025
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5
answers
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I'm wondering if capital gains, which are profits from the sale of assets like stocks or property, are considered as income. I'm trying to understand how this affects my taxes and financial planning.
5 answers
Giulia
Sat Feb 15 2025
Inclusion of capital gains in AGI can influence your tax bracket assignment, determining the percentage of your income that is taxable.
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Michele
Sat Feb 15 2025
Consequently, higher capital gains can push you into a higher tax bracket, resulting in a greater tax burden.
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PulseEclipse
Sat Feb 15 2025
Additionally, your eligibility for income-based investment opportunities is influenced by your AGI.
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Claudio
Sat Feb 15 2025
Capital gains are subject to taxation, albeit at potentially varying rates.
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emma_anderson_scientist
Sat Feb 15 2025
These gains are integral to your adjusted gross income (AGI), which serves as a foundational figure for tax computations.
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