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View Full Version : Is stock gain/loss counted the same way as income?


zhutou
Apr 3, 2010, 11:35 AM
I registered Turbotax, and auto imported 1099 docs
From the bank. It seems the stock gain/loss is treated the
Same as wages, both for IRS and the state.
Anything can I do to reduce it?

ebaines
Apr 3, 2010, 12:54 PM
Stock gain/loss is indeed income, but long term gains (made on sale of assets you held for more than one year) are taxed at a lower rate than "regular" income or short term gains.