Ask KT & Suze Anything: Can I Give My Child Money and Get a Tax Deduction?
Suze Orman's Women & Money (And Everyone Smart Enough To Listen)
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Tax Implications of Selling Stock Held Less Than a Year on Income Limit for Roth Contributions
The chapter clarifies that income earned from interest or capital gains from selling stocks held for less than a year is considered in the income limit for Roth contributions in America, as they count as income. Gains from selling stocks held for under a year are taxed as ordinary income, affecting the calculation of the income limit.
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