Are there different tax implications to owning single stocks vs ETFs?
Taxes for stocks and ETFs work the same way.
You will be required by the IRS to report income earned from capital gains and other applicable distributions.
Each year, Stash sends a tax statement to investors who need to file their earnings with the IRS.
In general, if you hold your investments for longer than a year, you will avoid paying short-term capital gains taxes.
This information is subject to change and should not be considered legal or tax advice.
If you have questions regarding your personal tax situation, you should consult a tax or legal professional.
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