Selling Stocks

[Blackcats06]

After reading everyone's comments I want to jump in and play a little. My biggest question is when you sell something do you get any paperwork that shows how much you made or lost? I'm worried that I won't follow along enough that when tax time comes up I won't know what I have gained (that's the dream right).

So does Webull, Robinhood, etc give you documents to use on your tax return, or how does that work.

Thanks

 

[Danny Hoey]

Robinhood gives you your tax document February 15th. It can be automatically sucked into turbo tax or manually entered. Hassle free.

 

[Marbles]

Every brokerage will track that and give you tax documents.

 

[Blackcats06]

Thanks for the responses.

 

[elkyinzer]

Yes but it's definitely smart to do some tax planning as the year goes along. You can really get into a pinch if you make some decent money in the market and don't have money set aside to cover the taxes.

 

[SDHNTR]

Any firm will send you a 1099, or make it available online.