Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Taxes (https://www.askmehelpdesk.com/forumdisplay.php?f=320)
-   -   Is stock gain/loss counted the same way as income? (https://www.askmehelpdesk.com/showthread.php?t=462251)

  • Apr 3, 2010, 11:35 AM
    zhutou
    Is stock gain/loss counted the same way as income?
    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?
  • Apr 3, 2010, 12:54 PM
    ebaines
    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.

  • All times are GMT -7. The time now is 04:33 AM.