Realized Capital Gains

with PNC Wealth Management

How It Works

Selling a capital asset creates capital gains. How can I reduce my tax bill?

Things to know

Selling a capital asset after owning it for less than a year results in a short-term capital gain, which is taxed as ordinary income. Short-term capital gains are taxed just like your ordinary income. Ordinary taxes can be as high as 37%, depending on your tax bracket.

Things to know

Selling a capital asset after owning it for more than one year results in a long-term capital gain tax. Long-term capital gains are typically taxed at a rate lower than the ordinary income. More long-term capital gains will not cause your ordinary income to be taxed at a higher rate.

Working with PNC Wealth Management

Neither PNC Wealth Management nor your Financial Advisor provide tax advice. You should review your tax situation with your own independent tax professional to fully evaluate how you may benefit.

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Learn more about how PNCI’s Tax-Managed Resources can help you achieve your long-term investment goals in a tax-efficient way!

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