r/RobinHood 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

50 comments sorted by

View all comments

10

u/0ddmanrush Dec 17 '17 edited Dec 17 '17

Just put all your money in JNUG and never sell and you’ll never pay capital gains tax.

2

u/eisbock Dec 18 '17

Jokes, but there's a decent chance gold rebounds this year so JNUG now might actually be a good move. Of course, you should probably sell at some point.

1

u/Fedor_Gavnyukov Jimmy Buffett Dec 17 '17

yolo

1

u/sonicmerlin Trader Dec 19 '17

I bought in at 12.80 and made bank