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| Topic | Stock Topic 13 |
| Lopen 01/11/21 12:43:50 PM #353: | As I understand it stocks are more simple than they look for taxes If you don't own a stock for a year any net gains you realize (ie from stocks/options you've sold) are basically added to your taxable income Net losses you realize will offset those net gains and let you reduce your taxable income, but only if you don't rebuy the stock for a month (options that expire worthless will also count as a loss here) If you do own one for a year+ you get a reduced rate on your gains Amount of buying and selling doesn't matter just what you cash out of and the net effects of that on your income Maybe I'm missing something here though --- No problem! This is a cute and pop genocide of love! ... Copied to Clipboard! |
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