Robinhood App – When to Sell a Stock to Avoid Taxes!

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https://itunes.apple.com/us/app/robinhood-free-stock-trading/id938003185?mt=8

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https://itunes.apple.com/us/app/acorns-invest-spare-change/id883324671?mt=8

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Robinhood App – When to Sell a Stock to Avoid Taxes!

35 comments

  1. Any profit you enjoy from the sale of a stock held for at least a full year is taxed at the long-term capital gains rate, which is lower than the rate applied to your other taxable income.  It’s 15% if you are in a 25% or higher tax bracket and only 5% if you are in the 15% or lower tax bracket. Profits from stocks held for less than a year are taxed at your ordinary income tax rate.

  2. What If you want to continuously keep investing in the same company . How would that work ? Do you have to just sell the amount you paid for after a year of each purchase ?

  3. Income tax on your work is immoral by definition, IMO. Even if your weren’t taxed on your hard earned , smart earned, i.e. being a good trader, labor,… taxes are everywhere . We’re taxed 24/7, and that’s not exhagerating, it was never supposed to be this much. If u become a better trader, you’re punished by big gov. It’s pretty foul. Thanks for the vid RH group

  4. paintflw those taxes pay for the armed forces which ultimately provide stability and protect the companies. they pay for education for the employees of said companies. they pay for roads and infrastructure that those companies utilize.

  5. Will robinhood/acorns/stash send you the documents at the end of the year or do you have to keep track of everything yourself?

  6. Yellow Heads during the next tax season. But you only pay taxes once you’ve sold something, so you can start trading now, and you wont pay taxes until the tax season after you sell.

  7. Is it a calendar year or 12 months? Like do you have to wait until next August or January next year?

  8. Sorry, I don’t think this is accurate. If you sell within a year, yes it is at your current bracket. If you hold longer than a year, then sell, you will still pay tax. After a year it is capital gains tax which is 15% currently. Granted, capital gains at 15%, is better than most people’s current rate. But the only way you’ll pay no taxes from the profits, are when those taxes are in a ROTH account which is not available on RobinHood currently.

  9. “It’s almost as if people dont like being robbed, considered slaves, and threatened with being caged like an animal. Ungrateful peasants!” -politicians

  10. Out of 2 minutes and 54 seconds on a five minute and 52 seconds video you Jibber. 99% of what you could have said said in 30 seconds, 30 of Jibber… That’s why I don’t follow, you got to be worth my time

  11. So, do my stocks pop up when I’m doing my taxes? Or do I have to write down everything thing I sell and do math with the percentage? Sounds a bit ridiculous.

  12. It’s funny how the IRS sees your gains but they blind to your losses. Why do’t they pay us for our losses. If you have losses on a stock but gains on another– All you’re doing is making the money back you loss on the other stock. They see it as a gain. But what about my losses? I’m in a hole on my Apple stock. So what i made some money on my ATT. They are scam artist.

  13. +John Ash oh wow!!! Yhat looks like lot of paperwork…so if I made 100 trades per year….so I basically get 100 tax forms?

  14. +Coolguy360 simply its how many times you sale. if you buy 100 different companies stock and then sell them all the same year (doesn’t matter if the sales date is the same year you bought them or 3, 5, 10 years latter) then yes you would have 100 different statements. If you buy the same stock for example you buy 2 shares of Ford every Friday then sell all of them at the same time then you would have 1 statement.

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