Robinhood Stocks Tax

[kal]

I am a newbie to stock market/trading.

Robinhood lo no fees ani join ayina.. 

tamasha ki money deposit chesi atu itu gelikina... but I heard you have to pay taxes on earnings..

Case 1: Deposited $500 and the portfolio value is $600 now (nothing withdrwan yet).. do I still need to pay taxes?

Case 2: Deposited $500 and withdrawn $600, do I need to pay taxes on $100?.

Case 3: Deposited $500 and withdrawn $500, do I need to pay any taxes?.

Question is: I know robinhood will send me a paper and I will use that in tax returns. I want to know before hand so that I can withdraw/use on other stocks.

[budamkayabalraj]

Same here uncle

Deposited 300$

I guess your bank associated with Robinhood will be sending the required documents to you.

[princeofheaven]

1 minute ago, kal said:

I am a newbie to stock market/trading.

Robinhood lo no fees ani join ayina.. 

tamasha ki money deposit chesi atu itu gelikina... but I heard you have to pay taxes on earnings..

Case 1: Deposited $500 and the portfolio value is $600 now (nothing withdrwan yet).. do I still need to pay taxes?

Case 2: Deposited $500 and withdrawn $600, do I need to pay taxes on $100?

Case 2 lo capital gains tax kattali around 20%, Case 1 no need till you liquidate

[chittimallu2]

year endi ki vadu neekoka form pampisthadu... dhani batti you will know how much you need to pay as tax (if at all)

[Hitman]

end of the year statement (form 1099) prakaram pannulu chellinchali. 

if your profit is less than 500 you dont have to declare i think so.. other wise YES., RH vaadu Form 1099 istadu andariki.

[kal]

3 minutes ago, chittimallu2 said:

year endi ki vadu neekoka form pampisthadu... dhani batti you will know how much you need to pay as tax (if at all)

 

3 minutes ago, Hitman said:

end of the year statement (form 1099) prakaram pannulu chellinchali. 

if your profit is less than 500 you dont have to declare i think so.. other wise YES., RH vaadu Form 1099 istadu andariki.

bayya I updated the post..  for the confusion

[chittimallu2]

9 minutes ago, kal said:

Question is: I know robinhood will send me a paper and I will use that in tax returns. I want to know before hand so that I can withdraw/use on other stocks.

you can withdraw and use on other stocks... I dont see whats the problem? If you make money you will pay taxes if you lose money then you can deduct that from your overall income and not pay tax for that lost money. 

[Pipucbn]

Anything you invested into the account. You don’t have to pay taxes.( exception is capital gains like dividends, he will include them in the tax form at year end)

if you with draw 600 and then again invest into something else you need to pay taxes for the 100 you gained.

[Raithu_bida]

Deposited 250 lost 249 tax lo piasalu vastaya??

this is not a joke it’s serous 

[Hitman]

8 minutes ago, Raithu_bida said:

Deposited 250 lost 249 tax lo piasalu vastaya??

this is not a joke it’s serous 

Yes, you can claim your losses yearly upto 3000$

[Piracy Raja]

10 minutes ago, Raithu_bida said:

Deposited 250 lost 249 tax lo piasalu vastaya??

this is not a joke it’s serous 

aa miglina dollar YSRCP ki donation cheyyi