Can someone explain how the tax system works for stocks ? I'm a novice in the trading world since I put >$15K in last year. I've sold and bought numerous shares from companies and gained around $5K.

like
Posting as :
works at
You are currently posting as works at

Your broker will send you a tax form at the end of the year. Anything held for less than 12 months is short term (income.)Anything longer is long term (capital gains.)

like

You will be ST taxed on those gains. At your normal tax rate

like

Related Posts

Q3 self love

Post Photo
likefunnysmart
like

Anybody have experience w a ski erg. Thinking about getting one to compliment my rower

Everytime I work on the weekend I get into some sort of fight with my spouse. Anyone else get annoyed when their spouse constantly asks you when you’ll be done working, or asks how much longer you have to work. It annoys the hell out of me. I don’t want be working on a Sunday anymore than my spouse wants me to be working. But I have to. I don’t need reminded that I am disappointing my family in addition to working on the weekend. Am I alone in thinking this? Am I wrong to get so annoyed?

like

I’m showing my age I guess but it’s really hard to tell who’s on the cover. It’s Usher right?

funnylike
like

Looking to spend $50-100 on a bottle of scotch. Typically like rye and bourbon similarities. Not a huge smoke fun but can handle it. Was considering macallen and oban but am open to suggestions.

like

Has anyone pivoted to a SWE role from consulting without having a CS (or related field) degree? Is this even possible?

like

Any advice on how to deal with a bad performance review?

like

Please help with likes so that I can DM

Thank you for 💜

like

"There's no whining in baseball!", said very seriously and earnestly ..... to the office dog.

likefunny

Heading to Puerto Rico in a couple of weeks. Any must sees you would recommend?

like

Looking for both project management and account management positions in the Los Angeles area (I am based in Santa Monica). 3 years of account management experience in automotive and CPG. Let me know!:)

like

Hi all, if you're in the market looking for work please send me your resume at admin@jprecruitingagency.com. I will send it out to my network for 1000's of recruiting agencies and will help you find your dream job. :)

like

New to Fishbowl! How do folks find this app most useful?

like

How much makeup do you wear to work? I do the whole shabang (primer, foundation, concealer, contour, blush) paired with modest matte/light eye shadow... Bad look?

like

Does W+K NYC have any bad clients? Like pharma or b2b or...?

Hey guys - does anyone have recommendations for Indian wavy 5x5 or 6x6 closures? I was going to order off of Amora Renae (https://www.amorarenaecollection.co/product/thin-swiss-lace-5x5-closure/) but they aren’t restocking. I’m still getting bundles from them, but clueless on another solid company that would have matching hair (friend is making me a wig bc of a natural hair crisis I’m having, I’m absolutely clueless when it comes to anything like this)!

like

Noticed the conversations stopped as soon as raises were approved. Is a 2% increase enough to stop discussion around these systemic issues?

like

Dickinson Wright salary scale?

like

Additional Posts in Stocks

Did I miss the mark on Nio? What you guys think of mgni?

like

Is $PLTR a good buy right now? I've been watching the price action for the longest time and I've been waiting for a good 'dip'. Now it's trading around $17.

Thoughts?

like

Whats up woth BABA?

like

Bought some ZS, DDOG, and FTNT on the dip today. Other recs or thoughts ?

like

Bad time to switch out of dumb stocks and into index (tech / high risk stocks) or just hold and dca cash / new cash into index? Yes I should’ve been doing this / should’ve earlier in the year, but I was being stupid and stubborn in holding

like

Lost and honestly depressed😔

like

Time to go all cash before the election?

like

Thoughts on CrowdStrike? Hold/buy/sell 🤔

like

Hows it going people. Any interesting trades to share? Missed out a 50% gain on Peloton 😓

like

If I wanted to throw in a $1000 as a gamble into a mix of crypto, which ones should I go for? Anything like SHIB that can go to the 🚀?

like

Can anyone recommend a promising SPACs to invest in?

like

How much has stock options changed anyone’s life here? Just started at amazon and I received 1500 shares post split. But obviously the vesting schedule is so long over 4 years and morale certainly will be up and down. I feel I’d be crazy to walk away before then and miss out.

like
like

Ctrx-anyone watching this company’s recent FDA headlines?

like

Hello! Any thoughts or anyone investing in Novavax?

like

Well this is looking like a bloodbath. Anyone feels like the predictions of a 20% correction might actually be real.

like

Would crypto crash start impacting semi shares. NVDA 120-100 coming?. What about other semi stocks. If btc goes to 10k ppl will stop mining. What are your thoughts

like

does anyone use simplefx for crypto? Do you like it ?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Send download link to your phone

OR

Scan your QR code to download
Fishbowl app on your mobile

By continuing you agree to Terms of Use and Privacy Policy.

Messaging rates may apply

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal