This is a very confusing topic, with many contradicting answers straight from this Bogleheads forum. I have spent many sleepless nights searching but kept getting conflicting answers.
Before you respond, please I request that you only give answer to the direct situation below, please do not give hypothetical or unrelated answers.
Scenario: John purchased a US 20Y treasury bond at $90. They hold it for over one year and then they sell it for $110. Their profit from this transaction is $20. What portion of this $20 profit is taxable by the state of California?
Ignore any income from the bond coupon, we already know the coupon interest is not taxable by the state.
That is as simple as I could make it.
Thanks in advance.
Before you respond, please I request that you only give answer to the direct situation below, please do not give hypothetical or unrelated answers.
Scenario: John purchased a US 20Y treasury bond at $90. They hold it for over one year and then they sell it for $110. Their profit from this transaction is $20. What portion of this $20 profit is taxable by the state of California?
Ignore any income from the bond coupon, we already know the coupon interest is not taxable by the state.
That is as simple as I could make it.
Thanks in advance.
Statistics: Posted by long_bonds_tax — Tue Sep 17, 2024 11:12 am — Replies 0 — Views 56