Yes. If you make a profit trading stocks you pay taxes on the gain. Stocks losses can be used to reduce your taxes, within IRS guidelines. (it's complicated, sometimes)
Short answer, yes. Profits are taxed and losses may allow for a credit.
if u buy on margin, than both your credit and taxes will be affected. But if you buy just straight up with cash a stock, and then sell it, your taxes will be affected.
The more you make, the more taxes you will pay.
Usually 15% in Capital Gains. Should have no
impact on your credit rating.
Hello, Does buying or selling stocks in the stock market have anything to do with your yearly taxes or credit? Thanks!
