Accountant Explains Taxes on Stocks

Let’s talk about taxes on Stocks.

Today, I’ll be giving a complete overview of the subject. We’ll be covering when you have to pay taxes on a stock, how to calculate how much taxes you have to pay on stocks, and how to lower your tax liability on stocks.

Even if you are new to stock investing or taxes, this video will be extremely easy to follow and understand.

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Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).

[MrYega-zqrz]

So if I made $20k from selling stocks this year, is that taxed separately from total income earned for the year from a job? So let's say my gross was $60k from my job income and I paid my tax bracket after all the deductions which was around $40k after deductions. Would that $20k get added on to that $40k and I have to pay taxes based on $60k? Or is that $20k separate since its not considered income and only capital gains.