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Tackle Today: Investing & Taxes

January 27, 2023

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«Here’s a primer for tax season


The Q1 Trading Justice Newsletter is hot off the press, and it’s titled Investing & Taxes. The message’s objective is to teach you how taxes on your trading work in plain English. It’s divided into three sections: account types, capital gains, and dividends.

Here’s a primer on each:

Account types: There are several account types you can invest in, but they fall under one of three buckets: taxable, tax-deferred, and tax-free. The first one delivers a 1099 yearly detailing your capital gains, dividends, and interest received. The second one doesn’t require paying taxes until later in life. The third never requires it.

Capital gains: A capital gain is taxable in the year it was realized. If you buy a stock for $100 and later sell it for a higher price, say $110, you realize a capital gain. If you held the investment for less than one year, it’s a short-term capital gain. If you held it for more than one year, it’s a long-term capital gain.

Dividends: This is cash income paid out to shareholders. It’s usually paid quarterly. There are qualified and non-qualified dividends. The qualified dividends receive favorable tax treatment.

For more, check out the January Trading Justice Newsletter here.

Chart of the Day: Intel (INTC)

Intel stock opened down 10% today after reporting a terrible quarter. But don’t think that the market’s taking notice. The Nasdaq is green this morning. Intel isn’t the market mover it once was. 

Today’s line up

Traders Lounge 11 AM EST

Join the coaches in this live lounge, ask questions, discuss ideas or just sit back and listen to veteran traders discuss market conditions.

Cash Flow Club Replay

If you missed last night’s webinar or would like to watch it again, check it out here.

Halftime Report 12:30 PM EST

The Halftime Report starts at 12:30 EST and covers what news is driving the market, chart analysis from the movers and shakers of the day, and fun in a way that only the Coaches at Tackle Trading can deliver.

Tackle Trading: Financial Freedom is a Journey. Sign up now for a 15-day free trial.

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