Agrawal
New Member

I bought and sold some stocks (shares on Robinhood) and made some short term profit of $49. Do I pay taxes on that?

I bought and sold some stocks and made some short term profit of $49. Do I pay taxes on that? 

Reason is if I want to add this income I need to take Premium plan of TurboTax and filing fees will increase to more than the money I actually made in Stocks. This doesn't make sense. :( 

In other words: I made money in stocks so I can pay that profit money to file taxes of that income on turbotax...which make profit 0.