If I am investing my income into stocks or options, is that tax deductible? If so, how does it work?
For instance, I invest using Robinhood or TD Ameritrade.
02364
2 Replies
Bsch4477
Level 15
Jul 9, 2020 9:13:07 AM
The purchase of an asset is not a taxable event. But selling that asset is and must be reported as well as any income produced by that asset unless specifically tax exempt.
fanfare
Level 15
Jul 9, 2020 10:19:03 PM
Hey, no deduction for putting your money into the Stock Market.