Tax Question

I’m finally opening my first live account within the next few days…just waiting for the money to get there, and am curious about how taxation (US) works on this. I did some reading to try to figure it out but it seemed to be written a bit too much like…well…tax code. I don’t expect it to have much impact, if any, this year, but for the future I’m looking for a good easy to understand explination. This account will be under $1000 to start so again, we’re not talking huge amounts, but I do know after my last stock sale it did add a bit more paperwork to my tax returns. Thanks and wish me luck in my new venture!

I can’t directly answer your questions, but I know that the webinar I posted about they are going to have a guy on there that is going to answer some tax questions. I believe you will be able to e-mail in and ask questions while it is going on. Sorry I can’t directly help!