@Bissawo wrote:
UBS agency will send my 1099 form Feb 2025 showing what I owe in taxes.
@Bissawo
The Form 1099-B that UBS sends you in 2025 will not show the amount of tax that you owe. It will show how much you sold the investment for, and probably how much you paid for it and the amount of gain. The gain (profit) is the selling price minus the amount you paid to purchase the investment.
As Terri Lynn mentioned, the amount of tax that you have to pay on the gain depends on your filing status, your total taxable income, and possibly other factors. UBS does not have that information, so they cannot calculate the amount of tax. The tax will be calculated on your tax return.
