When you buy stocks, you may be asked to pay in full, or you may be able to make a down payment and owe the rest later. This is called buying on margin. If the value of the stocks goes down, you may have to pay more money to keep the stocks, called a margin […]
How Do I Report Crypto On Taxes
When it comes to your taxes, reporting your cryptocurrency investments is not as simple as reporting your stock investments. How you report your cryptocurrency transactions on your tax return will depend on how you acquired the cryptocurrency and what you use it for. If you purchased cryptocurrency as an investment, you would report it on […]
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How To Calculate Capital Gains On Stocks
When you sell stocks, you may have to pay capital gains tax on the profits. The Internal Revenue Service (IRS) defines capital gains as the profits you earn when you sell certain assets, such as stocks, for more than you paid for them. To calculate your capital gains on stocks, you need to know two […]
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How Does Tax Work For Crypto
Cryptocurrencies, like Bitcoin, are digital or virtual tokens that use cryptography to secure their transactions and to control the creation of new units. Cryptocurrencies are decentralized, meaning they are not subject to government or financial institution control. The IRS treats cryptocurrencies as property for tax purposes. This means that when you buy, sell, or use […]
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How Much Capital Gains Tax On Stocks
When you sell stocks, you may have to pay capital gains tax. This tax is based on how much profit you make on the sale. Here’s what you need to know about capital gains tax on stocks. What is capital gains tax? Capital gains tax is a tax on the profits you make from selling […]
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How To Pay Capital Gains Tax On Stocks
When you sell a stock for more than you paid for it, you have to pay taxes on the profits, called capital gains taxes. The amount you pay depends on how long you held the stock. If you held it for one year or less, your profits are taxed as ordinary income. If you held […]
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Which Turbotax For Stocks
There are a few different versions of TurboTax for stocks, and it can be a little confusing to figure out which one is right for you. Here’s a breakdown of the different versions and what they can do for you. The most basic version is the TurboTax Free Edition. This is good for people who […]
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How To Do Taxes On Crypto
Cryptocurrency is a digital or virtual currency that uses cryptography to secure its transactions and to control the creation of new units. Cryptocurrencies are decentralized, meaning they are not subject to government or financial institution control. Bitcoin, the first and most well-known cryptocurrency, was created in 2009. Since Bitcoin and other cryptocurrencies are not recognized […]
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Where Do You Enter Crypto In Turbotax
Cryptocurrencies are digital or virtual tokens that use cryptography to secure their transactions and to control the creation of new units. Bitcoin, the first and most well-known cryptocurrency, was created in 2009. Cryptocurrencies are often traded on decentralized exchanges and can also be used to purchase goods and services. As they become more popular, more […]
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17 Min
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How To Lower Capital Gains Tax On Stocks
There are a few different ways that you can lower the capital gains tax on stocks. One way is to invest in stocks that have a long-term history of paying dividends. When you sell these stocks, you will be taxed at a lower rate on the dividends that you received than if you had sold […]
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