Friday, March 27, 2020

Stock Market : Is there any tax ?

Renita Sefton: If you make more than $70,000 (including capital gains) during a year you will owe tax on the capital gains. You also must pay tax on unqualified dividends.

Rashad Marecki: When you sell an investment for a profit, you will owe tax on the gain.

Kirk Coolbeth: No tax for investment but there is a tax on profit, it is called capital gain tax. You may have to pay broker's fee.

Clay Lipira: You pay less taxes if you hold it for a year though.

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