[Florrie]

I’ve owned it over a year so I’m thinking 10% long term capital gains but does it add to my annual income for additional tax implications?

[Bruce]

The investment gain won’t be taxed twice. If you’ve held the stock or fund over a year it will be long term CG And yes, Dave’s plan teaches to take all savings snd all investments not in a tax advantaged retirement account —except for $1000 set aside as a starter emergency fund—and apply the proceeds to the debt snowball.

[Angela]

If it’s in non retirement the. Just the Captial gains. Dave would say yes. Would you go borrow to put money into that account? It’s the same math if you have that invested and debt at the same time.

[Author]

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