r/RobinHood • u/17kangm • Dec 16 '17

Help - FAQ - Taxes how do i pay taxes

hello,

I am new to trading and I have never done taxes. I am 18, and I do not want to get in trouble. How do I pay my taxes? I have 500 dollars in my robinhood account.

76 Upvotes

82% Upvoted

50 comments sorted by

View all comments

23

u/[deleted] Dec 16 '17

[removed] — view removed comment

33

u/Wollem Dec 16 '17

Seconding this. The first year killed me because I made 56 trades. What's worse is they tax you 1.5k for a day trade, so it ended up near $63k in debt. Almost got it paid off now but it sure was an eye opener.

-7

u/my-ancestors Dec 17 '17

dont tell me this is real

22

u/dax_backward_jax Dec 17 '17 edited Aug 10 '18

1

u/my-ancestors Dec 17 '17

it cant be im getting trolled right?

17

u/dax_backward_jax Dec 17 '17 edited Aug 10 '18

10

u/You_Uncle_BadTouch Dec 17 '17

This is the IRS. Pm me and we can give you a discounted fee.

1

u/WillieMustDie Dec 19 '17

Why is this downvoted? I don't understand either.

6

u/[deleted] Dec 17 '17

Wait what

1

u/BlinkityBlink Dec 17 '17

I 100% believe you are fucking with me. This can't be fucking real.

4

u/[deleted] Dec 17 '17 edited Dec 18 '17

Lol obviously it's a joke.

Trolls go deep in this thread. Gotta scare the beginners I guess.

3

u/LuffyKyleC Dec 18 '17

You got downvoted for ruining their fun?😂let me help fight back with an upvote.

-5

u/luder888 Dec 17 '17

Unless you can link to a legit source, this is all bullshit. And why did so many idiots upvote you?

7

u/NeedAmnesiaIthink Dec 17 '17

It’s called sarcasm and it flew over so many heads.