When you buy stocks, you need to know your cost basis. Your cost basis is the price you paid for the stock, plus any commissions you paid. This is important for two reasons. First, it determines how much you’ll owe in taxes when you sell the stock. Second, it determines your gain or loss on […]
How To Avoid Capital Gains On Stocks
When you sell a stock for a profit, you are subject to capital gains taxes. However, there are a few ways to avoid these taxes. The first way is to hold the stock for more than a year. If you hold the stock for more than a year, you are considered a long-term investor, and […]
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