Question: Taxes after selling stock?
When you sell stock, are there any with-holdings from the capital gains (some amount is automatically deducted from your profits to pay for the tax expected from capital gains)? Do you need to file your tax returns to get some money returns back? I am in the US. I have accounts on etrade and fidelity.
Answer:
There are no Taxes withheld from the profits.
Sales of securities are reported on Form 8949 and Schedule D. The net flows through to the 1040 and gets netted against your other income to determine whether or not you owe or get a refund.