3 Answers: How will investing affect my taxes?
I understand that when investing their are tax implications. For example if I invest in a stock and I make money in capital gains then that money is subject to tax., at least in the United States that is the rule.
Also in the case of losses in the stock market likewise these can be tax deductible because then my income is lower because of losing money in the stock market or on a real estate deal, or whatever the investment may be.
So my question is how does investing affect my taxes?
Also I would like to know if there are smart ways to be able to optimize taxes and pay less tax on capital gains and dividends from investing in stocks.