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    zhutou's Avatar
    zhutou Posts: 8, Reputation: 1
    New Member
    		  
    #1

    Apr 3, 2010, 11:35 AM
    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?
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
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    #2

    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.
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