December 2021

five-year rule)). For taxpayers in the 10% or 12% federal income tax brackets, any long-term capital gain in a non-qualified account is untaxed - thus equivalent to a Roth IRA with none of the requirements needed for tax-free Roth IRA withdrawals. So, single filers with a capital gain and taxable income less than $40,525 ($81,050 for married ...