Do I have to pay for tax on stocks?

Question

Hi,

I traded my shares, and I made gains on some stocks and losses on some stocks. Currently, I lose half of my money.

Do I still have to pay for tax on gains on some stocks?

Thanks in advance.

Answer 1

deduct the losses from the gains. If you still have gains then pay a tax on that.  If you had the stocks for 2 years or more it should be at cap gains rate, less than 2 and it is regular income

Answer 2

You report all of the sales, gains and losses, on a schedule D.  Then everything is added together, and you only owe tax on the sales if you have a net gain.

Answer 3

No, you will not pay tax on your stock trades this year.  However, you must fill out Schedule D and record your trades when you file your income taxes.  You will have a net loss from Schedule D.

You can use $3,000 of this loss to offset your other income.  Any additional loss will be carried forward to next year.

Answer 4

no u must maintain a loss and gain data  losses can be offset against gains and if u still have losses u can carry forward the same  to next year[s] depending on ur country's income tax laws

Answer 5

You report your stock sales on Sch-D form 1040. Some of the sales you may have gains, some losses. The bottom of the form has a grand total where you report your gain or loss.

There is a limit to the loss. You can only claim 3,000/yr, but you can carry the loss forward to future years.