Explore the 1,000’s of tax questions answered by professionals.

Back to Capital Gains Tax

QUESTION DETAIL

Related User

Votes

What is the tax percent on commodity gains?


ANSWER


The BIDaWIZ Team's Answer:

Commodities are section 1256 contracts taxed 60 percent at long-term capital gains tax rates and 40 percent at short-term capital gains tax rates (i.e., ordinary income tax rates).

 

The BIDaWIZ Team

 

 

  • Currently /5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5
26 Ans.

COMPANY INFORMATION




We do not offer or provide any investment advice or services or opinion regarding the nature, potential, value, suitability or profitability of any particular security, portfolio of securities, transaction or investment strategy.

Copyright © 2024 BIDaWIZ, Inc. Privacy Policy | Terms & Conditions