i have a question i own 2 stocks i want to kno can they be taxed like can i get a return on them?

Answer 1

The only thing taxed on stocks is capital gain. The capital gain is the difference between what you paid for the stock when you bought it and what you sold it for, less any transaction fees from your broker.

Example you bought a 100 shares of stock for $10/share ($1000 invested) you sold it for $50/share ($5000 return) and you paid a transaction fee of $10. The capital gain is $3990 ($5000-$1000-$10). You pay tax on the $3990 in the tax year that you sell it.

Answer 2

If you bought them publicaly, you be taxed on the capital gains. Sometimes, if you buy from through your work, you don't.

Chances are they are not from your work, therefore you will be taxed, only if you make money on them, when you 'cash out' (sell them). You will not be taxed if you have then and are just sitting there.

After you sell them, if you make out with more than you bought them for. Like the example the first guy used. You will have to file them on your taxes as capital gains. You will then be taxed accordingly to your income tax bracket.

You may get a return, if you make less. You should get a return. But if you make alot, or more, you may not.

It all comes down to your tax bracket.
Good Luck when you do your taxes, stocks or not!

Answer 3

What you need to be aware of also, is that the holding period to qualify for a long term capital gain is 1 year. So if you buy a stock and sell it over 1 year later, then the gain is taxed a the lower 15% rate. If you sell in less than 1 year, then its taxed at your normal income tax rate.

http://en.wikipedia.org/wiki/Capital_gains_tax#United_States