Do you have to claim stocks on your taxes 2024?
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If you made a profit on some stocks you sold, and a loss on some others, you can claim your losses against the capital gains to pay lower taxes. For example, if you made a capital gain of $50 on stock A, and a capital loss of $35 on Stock C, you will only be taxed on $15 of capital gains ($50-$35).
2023-05-17 00:39:33
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Sophia Cooper
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If you made a profit on some stocks you sold, and a loss on some others, you can claim your losses against the capital gains to pay lower taxes. For example, if you made a capital gain of $50 on stock A, and a capital loss of $35 on Stock C, you will only be taxed on $15 of capital gains ($50-$35).