2007-02-06 05:31:44 · 6 answers · asked by Patty S 1 in Business & Finance ➔ Taxes ➔ United States
You need to report the interest and/or dividends from the stock. You report your stocks when you sell them. When you do sell them you will be using a Schedule D and the number will transfer to the 1040.
2007-02-06 05:36:00 · answer #1 · answered by yarrie15 2 · 0⤊ 0⤋
Stock has to be reported only when you sell it. Then you have a profit or a loss that gets reported. It's basically the same for anything you own. Your taxes are affected only when you sell.
2007-02-06 13:36:28 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Typically, no. If your stock paid you a dividend last year, then the dividend is taxable. If your company gave you the stock last year as a corporate benefit, then it is also taxable.
You should receive a 1099-DIV for your accounts that you a required to report.
2007-02-06 13:36:38 · answer #3 · answered by MR MONEY 3 · 0⤊ 0⤋
Report any dividends paid or reinvested. There are no other tax conseqences until you sell.
2007-02-06 13:35:10 · answer #4 · answered by Bostonian In MO 7 · 0⤊ 0⤋
If you sold it, yes. If it paid dividends, whether you actually got the money or reinvested it, you'd report the dividents. Otherwise, no.
2007-02-06 13:39:29 · answer #5 · answered by Judy 7 · 0⤊ 0⤋
If you want a 100.00 is no big deal
2007-02-06 13:39:26 · answer #6 · answered by Anonymous · 0⤊ 0⤋