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If you sell stocks and you make profit ,do you have to pay taxes immediately and file something to IRS or you wait to the end of the year?
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June 4, 2019
9:50 PM
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Get your taxes done using TurboTax
You report the gain or loss on your tax return. But if you have a large gain you should send in an estimated payment so you don't owe so much on your return and don't owe a penalty. Estimated payments are like the withholding you have deducted from your paychecks.
You will get a 1099B by the end of February for 2017 sales.
You will get a 1099B by the end of February for 2017 sales.
June 4, 2019
9:50 PM