AnnetteB6
Expert Alumni

Investors & landlords

Purchasing stock could impact your taxes if you receive a dividend from that stock.  The dividends are taxable income.  

 

The real impact to your taxes when purchasing stock occurs when you sell the stock.  At that point you would either have a capital gain or capital loss to report.  

 

If you have only purchased stock but not received any dividends, then nothing is reported on your tax return.

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