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#2
09-17-2013, 10:23 AM
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Disclaimer: I am NOT a tax professional. But, you are responsible for paying taxes on any gain from the sale of your assets. If you have held them for more than a year, the capital gain rate (for your particular overall marginal tax rate) applies. You can deduct the cost of these assets, assuming you have those records, from the gain at sale, in determining the net taxable gain.
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