If stocks gain value, but non of it is sold do taxes have to be paid?

If your income is strictly social security and a few dividends (less than a 0) do you have to pay taxes on the dividends? Are you rerquired to file?
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If your income is strictly social security and a few dividends (less than a 0) do you have to pay taxes on the dividends? Are you rerquired to file?
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November 13th, 2010 at 5:04 pm
Nope. No taxes are due until the gain is realized. The gain is realized with the securities are sold.
You do pay taxes on dividends as they are received of course, if your income exceeds the filing requirement amount.
If your only income is Social Security and $100 in dividends there won’t be any need to file and no taxes will be due.
November 13th, 2010 at 5:04 pm
Yes the dividends are taxable income, but chances are you wouldn’t make enough to have to file or to owe any tax.
And it doesn’t matter what the stock prices do, they only become reportable/taxable when you sell.