LogFAQs > #950720409

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Topic	If you make less than 40K you don't have to pay taxes for selling stocks
Hexenherz 02/16/21 9:57:32 PM #8:	Yes, but "capital gains" (and losses) are figured in to your taxable income. So if you made $79,999 and sold a stock for $2 and now you made $80,001 well... now you're over that threshold. --- FFXIV: Lucius Hexenseele (Brynhildr) \| RS3: UltimaSuende . 99 WC/Fish/Cook/Fletch/Div/Mining/Smithing/Thieving/Crafting/RC https://letterboxd.com/BMovieBro/ <cite>Hexenherz posted [p:950720409] in If you mak... [t:79299413]...</cite> <quote>Yes, but "capital gains" (and losses) are figured in to your taxable income. So if you made $79,999 and sold a stock for $2 and now you made $80,001 well... now you're over that threshold. --- FFXIV: Lucius Hexenseele (Brynhildr) \| RS3: UltimaSuende . 99 WC/Fish/Cook/Fletch/Div/Mining/Smithing/Thieving/Crafting/RC https://letterboxd.com/BMovieBro/</quote> ... Copied to Clipboard!
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