I Just Sold My Stock: What Taxes Do I Owe?
Buying quality stocks and holding them for a long time is an investing strategy that could really pay off in the long run. But sometimes, it pays to sell a stock sooner, either because its value has climbed and you don't expect it to stay that way for long, or because its value has consistently decreased and you don't expect it to recover.
Selling stocks can be a strategic move, but there are tax implications involved. Here's what you need to know.
When you sell a stock at a price that's higher than what you paid for it, you'll be subject to capital gains taxes on that sale. But the amount of tax you'll pay will hinge on how long you held that stock before selling it.
Source Fool.com