Keeping More of Your Money from the Taxman
In This Chapter
Checking out the tax implications of your investments
Paying taxes on your investments
Taking your tax deductions
Investing for your retirement
After conquering the world of making money with stocks, now you have another hurdle — keeping your money. Some people may tell you that taxes are brutal, complicated, and counterproductive. Others may tell you that they’re a form of legalized thievery, and still others may say that they’re a necessary evil. And then there are the pessimists. In any case, this chapter shows you how to keep more of the fruits from your hard-earned labor.
Note: Keep in mind that this chapter isn’t meant to be comprehensive. For a fuller treatment of personal taxes, you should check with your personal tax advisor and get the publications referenced in this chapter by either visiting the IRS website at
www.irs.gov or calling the IRS publications department at 800-829-3676.
However, in this chapter, I cover the most relevant points for stock investors, such as the tax treatment for dividends ...