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Lokay
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 Tax on gain or loss of Stocks
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Posted on 01-25-17 10:32 AM     Reply [Subscribe]
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Hello Experienced Stock investors,

How is the gain or loss on stocks affect income tax?
 
Posted on 01-25-17 12:09 PM     [Snapshot: 60]     Reply [Subscribe]
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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/instructions/i1040sd/ch01.html#d0e789

 
Posted on 01-25-17 12:13 PM     [Snapshot: 64]     Reply [Subscribe]
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Just started via Robinhood
 
Posted on 01-25-17 1:06 PM     [Snapshot: 104]     Reply [Subscribe]
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You can directly import tax document(capital gain loss/dividend) in turbotax from the major brokerage accounts including Robinhood.
 
Posted on 01-25-17 2:00 PM     [Snapshot: 140]     Reply [Subscribe]
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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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