LogFAQs > #950026424

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Topic	Stock Market General #8
ThePieReborn 01/28/21 4:52:26 PM #391:	PatrickMahomes posted... Idk if anyone knows this but I only profited like $50 from all this. I have yet to cash out anything and still have a few hundred in the portfolio on RH. Is there tax that has to be paid on that $50 if I cash out? Or is there like a profit minimum threshold where you don't actually get taxed? Gains from the sale of securities are treated as income when realized and are taxed accordingly (rate varies depending upon the characterization of the security). --- Party leader, passive-aggressive doormat, pasta eater extraordinaire! <cite>ThePieReborn posted [p:950026424] in Stock Mark... [t:79264805]...</cite> <quote>PatrickMahomes posted... </cite> <quote>Idk if anyone knows this but I only profited like $50 from all this. I have yet to cash out anything and still have a few hundred in the portfolio on RH. Is there tax that has to be paid on that $50 if I cash out? Or is there like a profit minimum threshold where you don't actually get taxed?</quote>Gains from the sale of securities are treated as income when realized and are taxed accordingly (rate varies depending upon the characterization of the security). --- Party leader, passive-aggressive doormat, pasta eater extraordinaire!</quote> ... Copied to Clipboard!
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