Allstocks.com's Bulletin Board Post A Reply
my profile login | register | search | faq | forum home

» Allstocks.com's Bulletin Board » General Investing Topics » Two tax questions on holdings » Post A Reply

Post A Reply
Login Name:
Password:
Message Icon: Icon 1     Icon 2     Icon 3     Icon 4     Icon 5     Icon 6     Icon 7    
Icon 8     Icon 9     Icon 10     Icon 11     Icon 12     Icon 13     Icon 14    
Message:

HTML is not enabled.
UBB Code™ is enabled.

 

Instant Graemlins Instant UBB Code™
Smile   Frown   Embarrassed   Big Grin   Wink   Razz  
Cool   Roll Eyes   Mad   Eek!   Confused   BadOne  
Good Luck   More Crap   Wall Bang   Were Up   Were Down    
Insert URL Hyperlink - UBB Code™   Insert Email Address - UBB Code™
Bold - UBB Code™   Italics - UBB Code™
Quote - UBB Code™   Code Tag - UBB Code™
List Start - UBB Code™   List Item - UBB Code™
List End - UBB Code™   Image - UBB Code™

What is UBB Code™?
Options


Disable Graemlins in this post.


 


T O P I C     R E V I E W
COOLORANGEFREEZE  - posted
1.)If I purchase a stock and make $$$ from it, yet I don't pull the $$$ out, I just let it ride on the shares do I still have to pay taxes on it even though I haven't used the $$$?

2.)How do you avoid or minimize taxes on stocks?
 

Bob Frey  - posted
Ask a tax accountant:

If you don't sell the shares you do not pay taxes on any gains. Once you sell the stock any profit is capital gains income and taxable.
 

Mehul_Sangani  - posted
I believe by selling some shares you are taking some profit.

To minimize the taxes one way is to hold it for more than a year. Also I would suggest into looking into IRA account.
 

VNGNTN1  - posted
1.Sale of security trigger tax event unless in an IRA.
Not an accountant, but have paid lots of taxes.
2.Several things come to mind
A-Setup a ROTH IRA
B-Consider tax before you sell and make
sure you are covered. I see these
on the penny board having several
trades a day,and wonder if they are
keeping track of this. You can only
write off $3000/yr losses, but must
report & pay your gains. Dollars
above $3k may be carried forward.

[This message has been edited by VNGNTN1 (edited December 09, 2003).]
 

COOLORANGEFREEZE  - posted
Great information. Thanks! Gives me that much more of a reason to stay for the long term... so as not to be taxed.

And I will look into the ROTH IRA.
 

VNGNTN1  - posted
My pick for you this week is "Cool Lime Freeze" at SNS

[This message has been edited by VNGNTN1 (edited December 09, 2003).]
 




Contact Us | Allstocks.com Message Board Home

© 1997 - 2021 Allstocks.com. All rights reserved.

Powered by Infopop Corporation
UBB.classic™ 6.7.2

Share