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I have been holding Amazon stock for 5 years and have made a 300% profit. Is it time to sell?
Posted by: Amazon is the new God. ()
Date: December 05, 2021 06:57AM

I basically turned 100 grand into 300. Will I have to pay capitol gains tax?

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Re: I have been holding Amazon stock for 5 years and have made a 300% profit. Is it time to sell?
Posted by: http://www.fairfaxunderground.co ()
Date: December 05, 2021 07:02AM

Yea, right. Posting about your vast fortunes early on Sunday morning.

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Re: I have been holding Amazon stock for 5 years and have made a 300% profit. Is it time to sell?
Posted by: Day trader ()
Date: December 05, 2021 09:00AM

My dad bought me 1000 shares in 1997.

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Re: I have been holding Amazon stock for 5 years and have made a 300% profit. Is it time to sell?
Posted by: FFXU life coach ()
Date: December 05, 2021 11:07AM

This is a great forum for those seeking financial advice!

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Re: I have been holding Amazon stock for 5 years and have made a 300% profit. Is it time to sell?
Posted by: Nimbus ()
Date: December 05, 2021 01:19PM

I bought 10,000 bit coins in 2010 for $800. Is it time to sell?

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Re: I have been holding Amazon stock for 5 years and have made a 300% profit. Is it time to sell?
Posted by: yuck financial. ()
Date: December 05, 2021 01:23PM

Amazon is the new God. Wrote:
-------------------------------------------------------
> I basically turned 100 grand into 300. Will I have
> to pay capitol gains tax?

Sell half now and the other half after the first of the year.

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Re: I have been holding Amazon stock for 5 years and have made a 300% profit. Is it time to sell?
Posted by: J. Christ, Motivational Speaker ()
Date: December 05, 2021 01:55PM

Amazon is the new God. Wrote:
-------------------------------------------------------
> I basically turned 100 grand into 300. Will I have
> to pay capitol gains tax?


I once turned a loaf of bread into a couple of thousands and fed a bunch of people during one of my improvement seminars.

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Re: I have been holding Amazon stock for 5 years and have made a 300% profit. Is it time to sell?
Posted by: talktoyourtaxadvisor ()
Date: December 05, 2021 09:01PM

I am going to assume Amazon is the new God that you are just exceedingly ignorant and not a troll.

Profit is the difference between what you pay for something and what you sell it for. If you bought Amazon at $100K and sold it at $300k, then your profit was $200K. A $200k profit on something that cost you $100k is a 200% profit, not a 300% profit.

Every serious, successful investor has their stories of investments that exploded in value. Yours isn't different than what many others have done.

It is capital gains, not capitol gains.

There is no capital gains tax in the U.S. The tax on capital gains is part of the income tax.

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Re: I have been holding Amazon stock for 5 years and have made a 300% profit. Is it time to sell?
Posted by: The upscale village of Sandbridg ()
Date: December 06, 2021 12:12AM

It might be time for you to buy a 40' boat that you call a yacht and buy a house in Sandbridge and tell us all how 'upmarket' it is.

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