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Old 04-15-2007, 06:15 PM
lastsamurai lastsamurai is offline
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Join Date: Mar 2005
Location: building a bankroll for football
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Default Re: Noob to stock trading and taxes question

YES! what did you buy disney at and what did you sell it at? if you dont file the IRS will tax you on the amount you sold and not include the cost basis.

Go to a local tax prep and give them the date you bought the stock with cost basis and the date you sold it at. If you dont you will get a letter from the IRS telling you how much you owe them...
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