Investment Tax Guide

Taxable accounts only. Selling inside a 401k, IRA, or Roth IRA has no immediate tax impact — gains grow tax-deferred or tax-free. This calculator applies to taxable brokerage accounts only.

Your investment

Tell us about what you're selling.

What you originally paid (cost basis)

The total amount you paid for this investment — not today's value, what you actually paid. Find it in your brokerage under Cost Basis, Tax Lots, or Unrealized Gain/Loss. Can't find it? Call your broker — they're required to track it for you.

Current value

What your investment is worth right now. Check your brokerage account balance for this holding today.

How long have you held it?

The IRS uses 12 months as the cutoff. Hold longer than a year and your gains are taxed at a much lower rate. If you're close to 12 months, scroll down to see what waiting could save you.

Your tax situation

Used to calculate your exact federal and state rate.

Filing status

Gross annual income

Your total income before deductions. Find it on last year's tax return — line 11 of your Form 1040 is adjusted gross income, which is close enough.

State

Most states tax capital gains as ordinary income on top of federal tax. Nine states have no income tax at all.

Where is the money now?

Select your current account type and broker.

Current account type

Current broker

Where do you want to move it?

Select your destination account type and broker.

Destination account type

Destination broker

This path covers rollovers and conversions — moving money between different account types. The tax impact can be significant depending on the move. We'll walk you through every step.

The move

Tell us where the money is and where it's going.

Money is coming from

Money is going to

Account balance being moved

The current total value of the account you're moving. Check your most recent statement or log into your account.

What's the tax impact of this move?