Does the govt know if im buying this without selling them. Do i recv these stocks in the mail if i want and can sell them when i present them to a broker
This is not how it works..... I don't even know where to begin.. I am sure someone will chime in here and give you the run down....The Stock Market got me really going in my business and I owe everything to it....
This would have to be a ver long reply, but simply put,you must keep the records from your purchases and sales and file a schedule D. If you are audited you better have proof of these sales and for what price. Also brokerages are required to send taxpayers and the government a form each year recording it when investors sell shares. You get a 1009 b and so does the IRS
Basics: Buying them, no the govt does not know you are buying them, when you sell them for a profit or loss these are called "capital gains" so the IRS will also get a statement as to how well you did.
As for getting a stock certificate those are long gone, no clue if you can request them, the reason people generally aren't holding stocks long term. you are holding them virtually if that makes sense.
We worry about what you know because it appears you know nothing about what you are doing.
Starting with a major online brokerage would be a good start. They keep track of everything, and there will be help files, online chat windows, and forums to answer your questions.
SBR Top-Rated Sportsbooks
question on buying stocks
Reply With Quote
