Source: Benzinga
The SPDR S&P 500 ETF Trust (NYSE: SPY ) has generated a 78.1% total return since the stock market bottomed on March 23, 2020. Investors who bought the dip are now sitting on some big gains, and the one-year anniversary of the shortest bear market in history could generate some selling pressure in the market in the coming weeks. Capital Gains Tax Rules: Profits from stock trading are taxes differently depending on how long the positions were held. Capital gains from a stock that is held for less than a year before it is sold are considered ordinary income and are taxed accordingly. Therefore, an investor’s short-term capital gains tax rate depends on his or her tax bracket. For the 2020 tax year, the short-term capital gains tax rates for single filers are included in the table below. Full story available on Benzinga.com