Quote:
Originally Posted by littlewenzi
What else can I deduct?
-I heard the tax rate is lower for capital gain compared to income tax, but how much?
-I wasn't working this year, so no source of income, if that makes a difference.
-I was back in school for almost the entire year
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Cap gains is half your marginal rate.
You'll have deductions for school, and assuming you had no income in 2016 you should be in good shape.
Spend a few bucks and visit an accountant at tax time, it will pay for itself.