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Help! Stock and Personal Tax Question?

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  • Help! Stock and Personal Tax Question?


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Answer #1 | 21/12 2013 17:53
I am not a tax expert or a tax attorney - you do not have to file a return if your adjusted gross income is below the threshold required to file a return to pay tax. Be sure to adjust your w4 at work so the absolute minimum is with held from your wages each pay period, so as to not be required to file a return in order to get a refund of the money [withholding] held for that year in a government account as opposed to your IRA or regular investment account is a concept you might talk to an expert in order to better understand.
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Answer #2 | 22/12 2013 10:52
fill out one of the free tax form generators on the internet in Feb or March and you will find out. {or research everything at irs dot gov} - b/c only you know all of the facts in your case
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Answer #3 | 24/12 2013 09:20
At your income level, your federal capital gains tax rate is 0. You will, however, still need to file a Schedule D with your income tax return. If you want to confirm, here's an easy tax calculator, with a summary of the 2013 rates by tax bracket: http://www.moneychimp.com/features/capgain.htm
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