Ripple update: Cashing out long term capital gains question
According to h&r block website
>2018 Long-Term Capital Gain Rates
>0% if your income is below $38,700 and you are filing as single (or over $77,400 for married filing jointly)
15% if your income is between $38,701 and $500,000 you are filing as single (or between $77,401 and $600,000 for married filing jointly)
20% if your income is over $500,000 and you are filing as single (or over $600,000 for married filing jointly)
I am interpreting this two ways and not sure which is correct.
Does the yearly income count separately from cashing out? If I make less than $38k then my cash out is taxes at 0%?
Or does this mean that up to $38k cash out I am not taxed?
Someone told me that in Florida you are not taxed on any capital gains if you have been unemployed for more than a year, is this true?
About Ripple (XRP)
Ripple connects banks, payment providers and digital asset exchanges via RippleNet to provide one frictionless experience to send money globally. Banks and payment providers can use the digital asset XRP to further reduce their costs and access new markets. XRP is the fastest and most scalable digital asset today.
Author: ThickDiggerNick
Score: 15
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