Capital Gains Taxes?

Discussion in 'Taxes and Accounting' started by Ripley, May 7, 2006.

  1. Is the Capital Gains Tax always 15% ? and you have to hold on to a LONG security 366 days or more to be able to qualify for it.. right?

    What about unrealized gains? those stocks that you have been holding for more than a year but you don't want to sell it yet to trigger a capital gains tax? Don't you only have to pay taxes on those only when you sell them to trigger the capital gains.
  2. There is NO income taxes on unrealized capital gains. I always thought capital gains were also marked-to-market where if you had +$1,000 in unrealized capital gains, you had to pay taxes for that.