Home › Fairmark Forum › Taxation of Investments › Since the Infrastructure was passed, will Long Term Capital Gains be Retroactive › Reply To: Since the Infrastructure was passed, will Long Term Capital Gains be Retroactive
Thanks for the detailed description of the process.
I still remain confused, even after searching for news articles on this.
However, the latest article I could find was the CNBC link one, which says the Bill is passed. Which to me says, any stock we own Long-Term & haven’t sold yet will be subject to the higher rates that were in that Bill. Whether this will become retroactive is unclear, though the fact it was passed & approved by the Ways & Means Committee would indicate to me it would be retroactive to April, I believe.
However, I can’t find a definitive answer to whether the initial rate increases were changed, and what makes this more confusing. The following link to Schwab article states that the Capital Gains tax increase was NIXED from the larger 2nd Bill, which has only left me more confused:
In any case, since the 1 Trillion Infrastructure Bill is past all obstacles, being passed, will not this Bill (not the bigger 2nd one) have passed the new Capital Gains taxes into law, or would this be trumped IF the 2nd Bill get approved by both the House & Senate?
I think I’ve outlined my confusion here.