What Happens When You Sell a Stock? What to Know Before Filing Your Taxes

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 Before you hit the trade button for a potential profit, read this to understand what it could mean for your tax bill. G-Stock Studio / Shutterstock.com

Editor’s Note: This story originally appeared on The Penny Hoarder. There’s a lot to consider when selling stocks, including your tax bill. People sell stocks for numerous reasons. But if you make a profit on the sale, you generally need to report it when you file your taxes the following year. (Different rules apply when selling stocks inside a retirement account.) Before you hit that trade…

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