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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No, you are not taxed on the same money. They are two separate transactions.
You will pay taxes on the dividends, which are money that the company has paid out to your for being a shareholder.
When you sell your stock (assuming it went up), you will be taxed on the increase in price only. The company has no part in this transaction and the dividends you’ve received pay not part in this.
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