How Does Taxing on Buying/selling Stocks Work?

[Baker 10]

what fees apply to trading stocks (ex. Commision)?

Im going to start trading a small account soon and want to figure out how much will be deducted from my trades.

[henryduncan12 10]

It vary country to country and brokers to broker. Your broker can give more information regarding this.

[ForexTraderX 10]

If your in the U.S...here's a link for a very general summary. don't base it on this though. first...i'd suggest you talk to your accountant. tell them what your thinking.

 

then, trade stocks, and see if you actually have any profits to pay taxes on. I thought I would about 2 weeks into my trading adventure.

 

5 years later, i still was yet to see that accountant a 2nd time.

 

here's that link:

 

Stock Trading Tax Rules | eHow.com

 

i'm not a tax guy. i don't know aything about this. this is my legal disclaimer. good luck.

[ForexTraderX 10]

what fees apply to trading stocks (ex. Commision)?

Im going to start trading a small account soon and want to figure out how much will be deducted from my trades.

 

oh, as far as comissions goes, it varies somewhat widely, ya. best thing is to shop around, and weigh low comissions against quality of order execution and order routing, as well as customer service provided, and your own frequency of trading.

 

think through what you need. read reviews of brokers. go with one that is spoken highly of, but will give you what you want. and learn about order exectution and order routing. half a penny commisions per share won't mean a thing if they middle your orders, and make the bid ask spread on every trade you take.

 

look for a direct access broker. good luck.