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You have to pay taxes on the profits when you sell or otherwise dispose of the stocks. You also have to pay taxes on dividends.

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12y ago

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Related Questions

When do you have to pay taxes on dividends?

You have to pay taxes on dividends when you receive them from investments in stocks or mutual funds.


Do I have to pay taxes on my stock options?

Employees may or may not have to pay taxes on their stock options. According to Smart Money, employees have to pay taxes for stocks they choose to sell.


When do I need to pay taxes on dividends?

You need to pay taxes on dividends when you receive them from your investments, such as stocks or mutual funds. The amount of tax you owe depends on your income and the type of dividends you receive.


What taxes do you pay if you live and work in New York?

In the state of New York you would pay income tax and sales tax. If you own property you would pay real estate taxes to your town/city and county. If you buy gasoline for use in a car or other road vehicle you would pay gasoline tax. If you stay in a hotel you will pay hotel taxes. If you buy cigarettes or liquor you will pay separate taxes on those products. If you run a company, you will pay payroll and business taxes. If you buy or sell stocks or bonds you will pay taxes on those transactions.


Can I deduct losses on stocks from my taxes?

Yes, you can deduct losses on stocks from your taxes, but there are limits on how much you can deduct in a given year.


How much do taxes take out of stocks in Utah?

why


Do you have to pay a tax on stocks that were left to you?

No. You don't have to pay taxes on ANYTHING left to you. It's a gift, and the person (or estate) leaving it to you would have to pay any estate taxes.Also, when you sell the stocks (for capital gains) you will only be taxed on the increase in value from what they were worth the day your benefactor died, something called the "stepped-up basis".


Do you have to pay taxes on stocks that you bought?

NO -- you will probably have to pay taxes on any income they generate, different types of income are taxed a different rates. If you sell the stock for a profit you will owe some tax, the rate depends on how long you held the investment and your marginal tax rate.


Does the estate pay taxes?

Estates pay taxes on income and may have to pay inheritance taxes.


Do state police pay taxes?

Yes, they pay taxes. If you work you pay taxes no exceptions.


What is his gross pay?

the pay before taxes net pay is after taxes


How did Sioux pay taxes?

They didn’t pay taxes.