Hi guys a quick question on us shares. I read table in FaQ On this site. But have question
If I buy shares in us stock say apple.
Divents are taxied at my marginal rate to prsi and USC .
And gain or loss in value of shares is classes as capital gain and can use personal annual limit each year.
But does revenue view a stock bought and held for more then 8 years say 10 years as been bought and sold on 8 year anniversary and liability paided. Or as us share the 8 year rule does not apply!
If I buy shares in us stock say apple.
Divents are taxied at my marginal rate to prsi and USC .
And gain or loss in value of shares is classes as capital gain and can use personal annual limit each year.
But does revenue view a stock bought and held for more then 8 years say 10 years as been bought and sold on 8 year anniversary and liability paided. Or as us share the 8 year rule does not apply!