You are selling $200K of stock that you purchased for $125K. Assuming a 33%1 capital gains tax rate, your tax bill could be $25K.
If you had been direct indexing, you could decrease your taxes owed.
Get all the benefits of index investing. Start collecting tax deductions today by direct indexing.
At the mid or end of February every year, you’ll receive a 1099 consolidated tax form from Frec. There is a tax summary on page 2 of the form that shows your total net short-term and long-term gains or losses.
Schedule a video call with one of our licensed professionals to learn how you can optimize tax efficiency and minimize fees.