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RE: Do We Have To Pay Taxes On Here?
You have to report your profits as income and then pay capital gains tax. You have to always pay taxes on all income, whether or not you get a W9.
You have to report your profits as income and then pay capital gains tax. You have to always pay taxes on all income, whether or not you get a W9.
honestly I do not know how to do that. I have never even dealt with taxes before.
You can use a service like TurboTax or H&R Block and they will make it really easy for you - they walk you through step by step asking you questions about various potential sources of income for which you would have to pay taxes - takes about 30 minutes and you don't need to worry about knowing the laws since they took care of all of that for you.