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Re: WolfPac1 post# 38874

Tuesday, 07/25/2017 11:12:12 AM

Tuesday, July 25, 2017 11:12:12 AM

Post# of 346662
You only have to pay taxes on "realized gains" which are profits that you make when you sell stock.

If they are "unrealized gains" (amfil could go up to 1.00, if you don't sell you don't pay) you don't pay any taxes on that.

Your broker will send you some documents around tax season and if you have a tax guy you will just give that to him. It will be a total breakdown of what you did.

Any losses you incur throughout the year will be deducted from your capital gains (your realized gains)