The stock market for beginners can be quite an intimidating prospect. Figuring out all the terminology and what it all means can be overwhelming. Unfortunately, you must add that once you start trading stock, you will be responsible for reporting and paying tax on your trades.Lets assume you bought and sold your first stock and where lucky enough to make a gain. Congratulations!….but you now owe taxes. You know the saying, “there are only two sure things in life……death and taxes”. Sure enough, the IRS is going to want it’s cut of that nice gain you just made. When you start stock market trading, you must be sure to keep good records of all transactions. Read the rest of this entry »
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