The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Capital gain taxes on non-IRA account?||Date: 5/31/2000 8:59 PM|
|Author: huskyItalian||Number: 36143 of 121150|
I am not eligible for an IRA account, since Im currently unemployed. But recently I was fortunate enough to get some money to invest. I invested in a regular (non tax deferred) Schwab Discount Broker account, which I plan to hold for the long term (at lesast 10 years)
So, do I have to calculate and pay Capital Gains taxes every year, even though I'm not going to sell the stocks?
The same question goes for the dividends that I am going to reinvest right back in the stocks?
Thanks for your help!
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