I am reporting qualified dividends from some stocks this year, which I believe I will be taxed on. Am I then taxed on the same money when I sell the shares under the capital gains tax? Is that being taxed on the same income gain?
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If the money you made comes from the company giving you a little piece of their own profits, that’s called a qualified dividend, and you don’t have to pay as much tax on it.
If the money you made comes from selling something you own for more than you paid for it, that’s called a capital gain, and you have to pay a little bit more tax on it.
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