I have a question abotu capital gains tax. I did NOT sell any stocks/bonds, but my stocks/bonds are worth about 10,000 more after this year.
Is it correct that I pay tax on that 10,000 even though I have not sold anything?
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1 Best answer
DoninGA
Level 15
Jun 1, 2019 1:17:26 AM
No. If you did not sell your stock in 2016 there is nothing that you need to report concerning the stock. Gains or losses on the value of a stock in an investment account are not reported unless the stock is sold.
1 Replies
DoninGA
Level 15
Jun 1, 2019 1:17:26 AM
No. If you did not sell your stock in 2016 there is nothing that you need to report concerning the stock. Gains or losses on the value of a stock in an investment account are not reported unless the stock is sold.