5 Important Things Robinhood Investors Need to Know About Taxes
Stock investing can produce income, both in the form of capital gains when you sell a profitable investment and in the form of dividend income. While it's a good problem to have, profitable investing can have some big tax implications.
So why am I writing this for Robinhood investors? After all, the same tax rules apply to all investors, regardless of what brokerage they use to buy stocks. But there are three big reasons Robinhood investors need to know them more than most:
With that in mind, here are five things Robinhood investors should familiarize themselves with that can help them make better investment decisions and also help plan for a potential tax bill when filing 2020 tax returns next year.
Source Fool.com
