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The short answer is that there is no cutoff. There are certain cases based on the time you held the asset (long-term) and you having a low income, but most like
by briHass 10y ago
The short answer is that there is no cutoff. There are certain cases based on the time you held the asset (long-term) and you having a low income, but most likely, tax is due on all capital gains, and regardless, they must be reported.
https://www.irs.gov/uac/ten-important-facts-about-capital-gains-and-losses https://www.irs.gov/uac/ten-important-facts-about-capital-ga...