regarding tax for H1B holders


sapen

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Hello,

 

Do you need to file taxes even if you sell your stocks and not draw money from brokerage account and buy some other stock? 

 

I read somewhere that you dont need to file taxes as long as you are not with drawing the money (profits you make by selling stocks).

 

 

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You can google and find Tax forums .  this forum rules prohibit publishing any link.

 

However,  you  HAVE to pay tax on your profit from selling stock  even if you use that money  to buy other stock.   You must have received a 1099B  from your stock broker .  Use that to complete your Tax return.

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