Realized & Unrealized Gain or Loss

Financial literacy is a must for everyone especially doctors. Unfortunately, we do not get educated on even the basics. It took me years of research, reading and understanding to reach this level of financial awareness. I will try to do similar basic financial education videos especially for IMGs.

I just realized I mis-spoke the numbers for long term capital gains tax. As of Jan 2021, the accurate numbers are as below:

Single
Up to $40,000- 0% rate
$40,000 to to $441,450- 15% rate
Over $441,450- 20% rate

Head of household
Up to $53,600- 0% rate
$53,600 to $469,050- 15% rate
Over $469,050- 20% rate

Married filing jointly
Up to $80,000- 0% rate
$80,000 to $496,600- 15% rate
Over $496,600- 20% rate

Married filing separately
Up to $40,000- 0% rate
$40,000 to $248,300- 15% rate
Over $248,300- 20% rate