answersLogoWhite

0


Best Answer

capital gains

User Avatar

Wiki User

10y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: If you sell a stock for higher than you bought what do you have to claim on you taxes?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

If you sell a stock higher then you bought it what do you claim on your taxes?

A capital gain.


Why are there no federal taxes taken from your paycheck?

There are two reasons you may have no federal taxes taken is if you claim exempt on your W4 or if you claim a higher amount of dependents.


Can you claim street clothes on your taxes?

can you claim street clothes on you taxes


A man bought abc stock at 19.65 per share and it sold at 23.25 per share what was his profit on 80 shares before deduction for commissions and taxes?

A man bought abc stock at 19.65 per share and it sold at 23.25 per share what was his profit on 80 shares before deduction for commissions and taxes the answer is 288.00


Can you claim your 19 year old on your taxes old if she is not working?

yes if mostly everything is what you bought like most food and the home that you live in


Claim my child's school lunch on my taxes?

My child has to pay for lunch can I claim that on my taxes?


Do you have to pay taxes on a cancer insurance claim?

In the USA you do not pay taxes on the Proceeds from an Insurance Claim.


What percentange of your taxes do you lose if you claim a dependent?

Federal taxes are not based on a straight percentage but on a deduction and then a percentage. The percentage is according to income. If you live in a state that already takes out high taxes, then the federal government takes out taxes at an even higher rate.


How much claim your adult sister taxes?

Unless you totally support her and she is your dependent you can't claim her on your taxes.


Can you claim insurance on your taxes?

No.


Can someone claim you on they taxes if you have Medicaid?

You should report having a dependant in the home.


I'm new to the workforce?

The smaller the number, such as zero, the more taxes are taken out. The bigger the number, the less. The benefit of having a lower number/more taxes taken out is you will receive a higher refund in April. If you have a higher number/less taxes taken out then you run the risk of owing money in April. if you claim one,no way should that make you owe taxes. my spouse claims 2 and he pays enough taxes that he doesn't owe and he still gets a nice refund. you don't want to claim zero and get a small paycheck throughout the year only to get a huge refund,it's best to break even,pay your taxes but still get most of your paycheck I am a single parent, and I claim 2-3. I claim myself, my child, and I also claim another for child care. I make out still come refund time. I usually bank like 3g's when I get my return.