InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,421.03
(
0.85%
)
US TECH 100
19,062.00
(
1.82%
)
Dow Jones
38,712.21
(
-0.09%
)
Brent Oil
82.30
(
0.37%
)
Bitcoin
68,409.47
(
1.61%
)
Post# of 332
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

MoneyBroke

Send PM Follow Ignore
Followers 1
Posts 224
Boards Moderated 0
Alias Born 01/05/2010

MoneyBroke

Re: None

Monday, 02/08/2010 7:15:11 PM

Monday, February 08, 2010 7:15:11 PM

Post# of 332
Tax question.

I'm new to this so take that into consideration if you will.

Am I to beleive that, hypothetically, I buy a stock for $100, then sell that stock for $110, I will have to pay taxes on $110 not the $10 profit?

Also if I buy a stock for $100 and sell it for $50, I also have to pay taxes on the $50 even though I lost $50?

Am I allowed to deduct my broker fees?

Thanks
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up