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I do have stocks but I didn't sell any of them they did gain some interest. do I still have to report it on my tax return?
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February 3, 2021
9:41 AM
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Investors & landlords
No, you only report stock when you sell it. However, you may receive a form 1099-INT or form 1099-DIV. Check your financial institution account, for year end statements, to see if you'll be getting either one of these forms.
For additional information, see the following TurboTax FAQ: When you sell stock, the money you make is taxed as capital gains. How much you’re taxed depends on ...
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February 3, 2021
9:54 AM
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Investors & landlords
some stocks produce dividends.
Report Form 1099-DIV on your tax return.
If your cash earned interest, report Form 1099-INT on your tax return.
February 3, 2021
5:46 PM