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Do I have to pay for capital gains (from stocks) locally?
I'm wondering if I were to have earned say $2000 or so from the buying and selling of stocks, do I need to pay taxes on that at a local level?
6 Answers
- ?Lv 77 years agoFavorite Answer
Yes this could be possible BUT you would first need to correctly and completely fill out your IRS forms 8949 along with the schedule D using the information from the 1099-B that the payer of the funds did send to you after the end of the 2013 tax year during the 2014 tax filing season for your 2013 1040 FIT return.
Hope that you find the above enclosed information useful. 04/19/2014
- Donald BLv 77 years ago
You will need to pay it also at the state level if your state has an income tax.
- troLv 77 years ago
local level? meaning your state? very possibly, certainly not on a community level
- UrsugardaddyLv 77 years ago
The government want their money expect for Roth IRAs which the reason IRAs are the best investment that anyone could have for themselves.
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