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Brian, if I buy 2 shares of a stock, hold for over a year, then sell 1 share for a profit, does that trigger a tax consequence? Or does the entire position need to be closed?
Thank you for the video! Because recent job losses in my family. We started to invest in stock market help a little with our situation. You have mentioned there are different tax brackets for stock taxes, such as 10%, 25%, and 37%. But how do I know which tax bracket for my stock sells? And if I can put all my stock sells into the lower tax bracket? Such like 10%? Please, and that will help us a lot!
Not everyone learns financial literacy early—I was 35 when I started. I turned my life around from $176,000 in debt to being debt-free with a net worth of over $1,000,000 in just two years. I'm proud of my progress and now invest $400,000 annually. It feels great to owe nothing!
Q1 – is there a minimum gain that doesn’t get taxes or needs reporting (example, you sell with a gain of $1000, will this be added to your income and taxed appropriately)? Q2 – international stocks – Is the capital gains taxed twice (once in the country the Stock Company resides, example Germany and once in the country you live in, example USA?) If Q2 is true for double taxation, would you be able to have a tax deduction on the foreign taxes paid? Will any brokerage fees be tax deductible? Thank you!
If my employer gifted me 4 shares of stock at a total value of $400 and I sold them at the end of year for $500 would I be taxed on $500 or $100 in capital gains as there was no cost to me?
i am a beginner dividend trader, i lost about 15k (30k losses and 15k wins) this year from my trades, but made also made about 30k in non-qualified (mostly) dividends, soooo how would those numbers work? do i get taxed on the whole 30k from the dividends or can i deduct the 15k stock trade loss from the 30k dividends? I am getting better, i am doing this as my retirement job (not counting my volunteer jobs), my portfolio is about 90k, doing good but getting better at it.
When trading forex, stocks, options and crypto one must be persistence, discipline, embrace the challenge, stay committed, and seek professional guidance, I was once a beginner and a loser, However, I came across a comment session on a trading video where some group of individuals has spoke so well about {PATRICK FERGUSON} and I immediately reached out to him on his G mail and he thought me market analysis and how to read trends, He guided me for about two weeks by sending me signals and some trading software that helped me to grow my portfolio to over 321k in a few month, I am here to say thank you Ferguson and to those good Samaritans who spoke about him, greeting from California. here is the address frgsnptrc
You mentioned "wash sale" but then you didn't explain it to people. Why mention it? In short, the wash sale rule is when you sell a stock for a loss, but then repurchase the stock within 30 days. In this case you CANNOT claim a loss from the initial sale. You can eventually claim the loss when you close the position you established with the 2nd purchase. If you wait 31 days, or longer, to re-buy the stock then there is no problem and you can claim the initial loss. I am not an accountant, but I believe this is accurate.
My question is if my job gifted me a few stocks and later the company sold a stock and I received a check (I did NOT sell) How do I pay taxes on that IF I was already taxed on the income as a check. Thank you and God bless!
It is important for beginners in trading and investing to understand that success in these fields requires more than just technical analysis. Emotional maturity and self-discipline are equally important, as they enable traders to make rational decisions even during periods of market volatility!
Someone please tell me if i have this right. I have a brokerage account. It is telling me my gains are 50%. I am taking that to mean for every $100,000 I have contributed it has grown an additional $50,000. So if I pull out lets say $150,000 my first year of retirement, I am only paying tax on the $50,000 of growth. Does that mean my "taxable income" for the IRS is $50,000 or $150,000? This is huge because its the difference between massive taxes or very low, and massive health care premiums vs very low.
Can you explain the wash sale rule? If I take a loss on a stock I can't buy it again for 30 days or I can't claim the loss. But if I buy it back in less then 30 days, the losses offset the profits that I make. I must make more than I lost before I have a "capital gain". Is that correct?
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@clearvaluetax9382
TurboTax Free Edition: https://turbotax.intuit.com/personal-taxes/online/free-edition.jsp?priorityCode=6099000538
@tbone1780
At least our tax money is being spent wisely by our government.😬
@samlouback3161
Brian, if I buy 2 shares of a stock, hold for over a year, then sell 1 share for a profit, does that trigger a tax consequence? Or does the entire position need to be closed?
@Chineization
Thank you for the video!
Because recent job losses in my family. We started to invest in stock market help a little with our situation.
You have mentioned there are different tax brackets for stock taxes, such as 10%, 25%, and 37%. But how do I know which tax bracket for my stock sells? And if I can put all my stock sells into the lower tax bracket? Such like 10%? Please, and that will help us a lot!
@cherry-z7c5x
Not everyone learns financial literacy early—I was 35 when I started. I turned my life around from $176,000 in debt to being debt-free with a net worth of over $1,000,000 in just two years. I'm proud of my progress and now invest $400,000 annually. It feels great to owe nothing!
@rockymnthodad3047
Very well done, thank you.
@igroupaccount
Q1 – is there a minimum gain that doesn’t get taxes or needs reporting (example, you sell with a gain of $1000, will this be added to your income and taxed appropriately)? Q2 – international stocks – Is the capital gains taxed twice (once in the country the Stock Company resides, example Germany and once in the country you live in, example USA?) If Q2 is true for double taxation, would you be able to have a tax deduction on the foreign taxes paid? Will any brokerage fees be tax deductible? Thank you!
@mittalpa
Hi, thanks for informative video.
Let's say you carry 10k loss from previous year and you made 15k profit this year.
For this year's taxes, can the entire 10k loss offset the profit to 5k or can only 3k be used to offset to 12k?
@lzu2860
Thank you very much for this explanation!
@MarkMphonoman
It is good to pay capital gains. It means you made money. 😅
@jasonfulayter9627
I would still rather be in the 37% tax bracket 😂
@neejhuaslee6762
Need you to talk about wash sale.
@paulpacek1984
If my employer gifted me 4 shares of stock at a total value of $400 and I sold them at the end of year for $500 would I be taxed on $500 or $100 in capital gains as there was no cost to me?
@robertfarris9357
i am a beginner dividend trader, i lost about 15k (30k losses and 15k wins) this year from my trades, but made also made about 30k in non-qualified (mostly) dividends, soooo how would those numbers work? do i get taxed on the whole 30k from the dividends or can i deduct the 15k stock trade loss from the 30k dividends? I am getting better, i am doing this as my retirement job (not counting my volunteer jobs), my portfolio is about 90k, doing good but getting better at it.
@Goffy-js7xj
do you only file your stock taxes when money withdrawn and do you have to file taxes even if you only invested less than $1,000?
@nicholasryan7553
When trading forex, stocks, options and crypto one must be persistence, discipline, embrace the challenge, stay committed, and seek professional guidance, I was once a beginner and a loser, However, I came across a comment session on a trading video where some group of individuals has spoke so well about {PATRICK FERGUSON} and I immediately reached out to him on his G mail and he thought me market analysis and how to read trends, He guided me for about two weeks by sending me signals and some trading software that helped me to grow my portfolio to over 321k in a few month, I am here to say thank you Ferguson and to those good Samaritans who spoke about him, greeting from California. here is the address frgsnptrc
@stevedietrich8936
You mentioned "wash sale" but then you didn't explain it to people. Why mention it? In short, the wash sale rule is when you sell a stock for a loss, but then repurchase the stock within 30 days. In this case you CANNOT claim a loss from the initial sale. You can eventually claim the loss when you close the position you established with the 2nd purchase. If you wait 31 days, or longer, to re-buy the stock then there is no problem and you can claim the initial loss. I am not an accountant, but I believe this is accurate.
@jeremyvelazquez8600
Best video explaining taxes
@nohoesjose3713
My question is if my job gifted me a few stocks and later the company sold a stock and I received a check (I did NOT sell)
How do I pay taxes on that IF I was already taxed on the income as a check. Thank you and God bless!
@tomTom-lb5cu
Excellent explanation, thank you. You explained it slow and steady so it can sink in as we watch it. Thank you again
@rubensenior5447
It is important for beginners in trading and investing to understand that success in these fields requires more than just technical analysis. Emotional maturity and self-discipline are equally important, as they enable traders to make rational decisions even during periods of market volatility!
@MADMAX911-FITD
Hello i have been trading making some money and then losing money and at the end of the year i made no money ,, do i owe tax ?
@Punpire
Thank goodness Kamala Harris didn't get elected. We'd be hosed with the unrealized gains she wanted to push through.
@rjoselin8606
Thank you, brother. This helps me a lot— great explanation.
@elkhills1
Someone please tell me if i have this right. I have a brokerage account. It is telling me my gains are 50%. I am taking that to mean for every $100,000 I have contributed it has grown an additional $50,000. So if I pull out lets say $150,000 my first year of retirement, I am only paying tax on the $50,000 of growth. Does that mean my "taxable income" for the IRS is $50,000 or $150,000? This is huge because its the difference between massive taxes or very low, and massive health care premiums vs very low.
@tonynunez6539
Can you explain the wash sale rule? If I take a loss on a stock I can't buy it again for 30 days or I can't claim the loss. But if I buy it back in less then 30 days, the losses offset the profits that I make. I must make more than I lost before I have a "capital gain". Is that correct?