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Monica made $30,000 in 2019 as a freelancer. Thats her only W-2 income. However, she sold 10,000 shares of Amazon and generated long-term capital gains
Monica made $30,000 in 2019 as a freelancer. Thats her only W-2 income. However, she sold 10,000 shares of Amazon and generated long-term capital gains of $480,000. Additionally, she had $20,000 qualified dividends from various value stocks that she holds. How much taxes should she pay on the $500,000 long-term capital gains and qualified dividends? Monica is single with no dependents.
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