Taxes on Stocks and Options Explained (Complete Breakdown)

What is the tax treatment for stocks and options trading?

One thing to remember is whenever your involved with the purchase of a sale from is that there will most likely be a tax implication upon the sale of that asset. Get a better understanding of taxes during the holding period of your stocks.

Watch and listen to Toby Mathis, Esq. as he breaks down taxes for stocks, options, and cryptocurrencies.

🚀 Ready To Take Your Business To The Next Level & Get A Detailed Risk Assessment To Help Protect Your Personal and Business Assets From Lawsuits?


---------------------------------------------------------------------------------------------------------
SUBSCRIBE

~~~~

FREE REAL ESTATE INVESTMENT STRATEGY SESSION

FREE TAX & ASSET PROTECTION WORKSHOP

TAX TUESDAY LIVE

OTHER ANDERSON ADVISOR EVENTS

Learn a rich selection of subjects like tax and asset protection, business, investing, and much more. Our partners, attorneys, and other skilled experts will help you learn what you need to know in order to better your chances of success in your professional life.

~~~~

FINANCIAL PLANNING & TAX RESOURCES

~~~~

FOLLOW US:

~~~~

CONTACT US
Phone: [phone]
Fax: [phone]

ABOUT TOBY MATHIS

---------------------------------------------------------------------------------------------------------
The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice. of the information contained herein without seeking professional legal advice.

#taxes #stocktaxes

[joshfulaytar]

Toby. Every time I type a tax question into the search bar for YouTube I’m always hopeful that you’ve put out a video on it… and I’ve never been disappointed. You answer every question like you’ve heard every question before. Your channel is the best. Thank you for sharing your knowledge

[Boogey_Man_]

Toby, I just finished reading your new book ( Infinity Investing ).

Pure gold sir 👌

Pure gold 👌

[robertduffy]

Could you do a video on crypto tax ramifications. day trading vs long-term holding. When is it considered a capital gain or loss, when you sell or when you withdraw it from your online account (I've heard both). Any concerns or issues to watch out for?

[SmartPracticeSuccess]

How do taxes work for selling spreads? I’m interested in selling vertical spreads (bear call spread and bull put spread) which should rarely involve actually being assigned the underlying. So if I’m doing spreads for a net credit, how is that taxed?

[coachyamyam]

Thanks! I’m still confused. If I sell a put or call and collect premium.. does it go to my total income bracket? Or is it taxed separately?

[giftofnile]

Thank you for a Great VIDEO, I have a question re Wash Sale already made, how can I reverse those loses for my coming taxable year?

[maxjoey]

Thank you for your information is very good how I go about finding out what tax bracket I’m in

[shauna]

I own 300 shares of a stock for over a year and buy 1 option contract of the same stock. I then exercise that option at two months giving me 400 total shares. If I sell any of the original 300 shares will I be taxed at short-term gains?

[vardanhambardzumyan]

Hey Toby. Thanks for the good info. I have a question and an example for my questions. Lets say I sold a put for 200$ and in couple of days it is 100$. I decide to buy it back. Which amount am I taxed?What is my short term gain?
Thanks.

[paulwagner]

Toby. I have a great problem - a large short term capital gain due to all the options premium I collect over the course of a year. Other than taking capital loses on other positions, what can I do to lower my tax bill to the government???

[bannanamans]

I'm hoping someone can answer a question. I opened an option in December with expiration date in June. How can I avoid short term tax implications besides buying out the 2 (100 each) contracts at the strike price? I'm up over $5 already of the strike price of $65

[chicago]

I formed an LLC for my trading business. If I contribute some stocks I own outside of the LLC, let’s say 500 shares of Apple I bought at $195 a share but at the time of me transferring my Apple shares to an LLC as contributions the stock is $100. The LLC will continue to hold the shares for sometime but the stock price is still lower that what I paid for it. What will be the cost basis of the shares for tax purposes when the LLC sells the shares? Will the loss pass-through to me to offset my high personal income tax?

[mikegiddens]

So now if the taxable event occurs when my option contract expires & i made a profit, but i dont cash out & i dont transfer those funds to my bank account & i just keep it in my portfolio, do i still have to come out of my pocket & pay those taxes at the end of the year, even though i didnt cash out or put it in my bank account ?

[laskipikera]

Hey, I would like to be your student 👨‍🎓 what should I do? Thanks

[WheatBread]

This is why I elect 475 mark-to-market accounting for my trading. All losses are treated as ordinary losses (not capital losses). It’s beautiful.

[edmandell]

Great Video. I sell credit spreads in an after tax brokerage account. I recently had my option excerised. However, my short put position off set the excerised option. the amount of the stock value was $+336, 000 (credit) put was $-335, 450 (debt). Will my federal income be reported as my job income plus $336, 000?

[nastynate]

if your making good money throughout the year on capital gains will 1040 es be required to make payments on gains during the year or can you just wait to pay the irs the full amount when taxes are filed without paying the 25% penalty for owing over 1000?

[speedyspeedster]

Wait so if you buy options whether it’s calls or puts I don’t pay taxes on it? But if I sell calls or outs than I pay taxes on it?

[sam]

7:38 just to confirm, if my sell call option expires next year in Jan 2023, then I have to pay taxes in 2024 for the premium I received for that call option?

[Retarmy]

I use rolling options for call options out of the money. I sell calls.