Short Term Capital Gains

jslaterr — Wed, 11 Sep 2019 23:02:59 GMT

Hello,

This may seem a ignorant question but I really need help. I am a 19 year old college student who does not much know about taxes or claiming investments. I recently made an investment through a fellow stock investor and I am set to receive an estimated $60,000. I have never filed for taxes and know nothing about these kind of things. I am unemployed since I am a full time student but I am just curious to what I am going to claim this investment I receive back as. How much am I going to be taxed? Since I don't work, what am I going to claim as? Someone please help guide me in the right direction thank you so much!

Re: Short Term Capital Gains

Anonymous_ — Wed, 11 Sep 2019 23:33:20 GMT

@jslaterr wrote:

I recently made an investment through a fellow stock investor and I am set to receive an estimated $60,000.

Two questions:

1) What do you mean by "made an investment through a fellow stock investor"? Most people make investments through licensed securities dealers (i.e., stock brokers and the firms with which they are associated).

2) How much did you invest? $60,000 seems like a huge return in less than a year, particularly for a 19 year old college student, unless you also made a huge investment (like, for example, $50,000).

One point:

1) Make SURE you are NOT getting scammed in some way, shape or form. The scenario you laid out does not pass the smell test.

topic Short Term Capital Gains in Investing

Short Term Capital Gains

Re: Short Term Capital Gains