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Old 05-01-2008, 06:45 AM
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What's a good resource for understanding
the tax implications of buying/selling stock? If I have a modest number of trades in the year, will I need help to do my taxes, or is it still pretty manageable? What documents are necessary to aid in reporting?
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Old 05-01-2008, 09:29 AM
Tim Tim is offline
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You shouldnt need help doing your taxes. You will need a record of your purchase price and date of purchase and your selling price and date of sale. Your trade confirmation slips are fine but you can also use your year end tax statement from your brokerage/investment house.

beginnersinvest.about.com
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Old 06-01-2008, 05:21 PM
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I have asked a stock guru.

The earnings from the stocks is tax-exempted. As such it is not necessary to report in your tax report.
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