YOu think that is bad. Fauxcohontes wanted to tax unrealized gains. So it your stock went up 1000% but you did not sell it you would still be taxed, even if it went back down to zero. These people are effing sick in the head.
I know, was just throwing it out there to know since sounds like you're new to stocks. :) might eventually run into cases like that if you stick with it
YOu think that is bad. Fauxcohontes wanted to tax unrealized gains. So it your stock went up 1000% but you did not sell it you would still be taxed, even if it went back down to zero. These people are effing sick in the head.
I just ignore it all
We all need to ignore it. If collectively enough did we could collapse the federal government.
$DWAC
Fun story, when Ford first started they paid dividends out the ass, sometimes 5,000+ PER SHARE. the Ford millionaire was a real thing
That makes my mouth salivate lol
At first, the federal income tax only taxed dividends and profits from the sales of stocks.
Agree
Iirc under a dollar can be disregarded. I too have some stocks I have not bought more than a share of
I know, was just throwing it out there to know since sounds like you're new to stocks. :) might eventually run into cases like that if you stick with it
Welcome to stonks. It's a whole new level of bureaucracy to deal with - yay!
Solar flares.
I won't tell you not to report, but $1.50 wouldn't even be worth the time and energy for the irs to even send you a notice for underrepoting income.
I cashed most of my stock out before the collapse. IrS says I owe half of the gains in taxes. Sick. IrS will wait 5 years before I file.
Maybe they'll be gone by then.