If there was capital gain on the stock I bought but I did not withdraw, do I have to file it as a capital gain to the IRS?
2007-12-28 14:25:29 · 4 answers · asked by Aqua 1 in Business & Finance ➔ Taxes ➔ United States
You only report it on your tax return if and when you sell it.
2007-12-28 14:30:26 · answer #1 · answered by Judy 7 · 2⤊ 0⤋
If you received Capital Gains on a stock you bought and it was re-invested to buy more shares then you will have to report it and pay tax on it unless it is in an IRA. You will receive a statement(1099-DIV) from your brokerage company if it is taxable.
2007-12-28 23:37:25 · answer #2 · answered by BigDog507 5 · 0⤊ 0⤋
Did you sell the stock and the money now sits with the broker? In that case, you owe taxes on the gains.
2007-12-28 22:32:56 · answer #3 · answered by Tony d:-) 6 · 0⤊ 0⤋
If you sold, it's taxable whether or not you took the money out of the account. If it just increased in value but you didn't sell, it is neither taxable, or reportable
2007-12-28 22:31:26 · answer #4 · answered by RANDALL M 3 · 1⤊ 0⤋