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> You only pay taxes on your yearly capital gains I am not a tax professional but I would recommend at least talking to a tax professional about that. Taxes ar
by defen 6y ago
> You only pay taxes on your yearly capital gains
I am not a tax professional but I would recommend at least talking to a tax professional about that. Taxes are generally due upon realization of income/capital gains; the quarterly thing is simply because it would be too onerous to have to report literally every single gain/loss as they happened. But I'm not going to sit here and argue with you :)
- weird-eye-issue 6y agoYou do have to report every transaction to the IRS and you only pay your taxes based on your year-end gains