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Level 1

If I withdraw any money from my Brokerage account do I have to file that as income earned or other income on my taxes this year?

I withdrew 1600.00 this past year from a brokerage account. Do I have to claim this amount on my taxes as income?

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Level 6

If I withdraw any money from my Brokerage account do I have to file that as income earned or other income on my taxes this year?

If your brokerage account is an account where you trade stocks, withdrawals from that account are not income and you do not report them on your tax return. They are considered just like withdrawals from your bank account.

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Level 6

If I withdraw any money from my Brokerage account do I have to file that as income earned or other income on my taxes this year?

If your brokerage account is an account where you trade stocks, withdrawals from that account are not income and you do not report them on your tax return. They are considered just like withdrawals from your bank account.