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Tax on gain or loss of Stocks

Original Post

Hello Experienced Stock investors, How is the gain or loss on stocks affect income tax?

Lokay
Jan 25, 2017 10:32 AM · 13,803 views
4 Replies
maGorkhe1 Jan 25, 2017 12:09 PM
Did you buy and sell stock? How did you do it? If you are capable of buying and selling stock , by now you should have figure it out it's impact on income tax. Here is the link. https://www.irs.gov/instructio...
Lokay Jan 25, 2017 12:13 PM
Just started via Robinhood
cool_like_a_bird Jan 25, 2017 1:06 PM
You can directly import tax document(capital gain loss/dividend) in turbotax from the major brokerage accounts including Robinhood.
Mr. D Jan 25, 2017 2:00 PM
There are two types of taxes on gains.. Long Term, which is for stock held for more than a year, and Short term is shorter than that.. The Long term are not taxed or taxed 15% depending on your income. Short Term are taxed as just your regular income. However Loss offsets the Gain which is a good thing here in US.
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