Hi,
Excuse the stupid questions but I'm hoping you guys can help me out!
Considering setting up a trade account with a US Broker (IB). What I want to know is in relation to tax. If I sell stock within my account and reinvest it in other stock, am I taxed on the gains from the stock I sell, or am I only taxed on the withdrawals I make from the account?
Finally, if any of you have the exact rates (what rates I am charged considering it is a US Broker account for an Irish person) I would really appreciate it.
Thank you.
Excuse the stupid questions but I'm hoping you guys can help me out!
Considering setting up a trade account with a US Broker (IB). What I want to know is in relation to tax. If I sell stock within my account and reinvest it in other stock, am I taxed on the gains from the stock I sell, or am I only taxed on the withdrawals I make from the account?
Finally, if any of you have the exact rates (what rates I am charged considering it is a US Broker account for an Irish person) I would really appreciate it.
Thank you.