Localfund.com - All about Fund and Investment
*Home>>>Income Fund

Do I pay VA state tax on gains from a taxable brokerage account?


Hi. I have a taxable account with a brokerage firm that contains mutual funds. I know I will have to pay federal income tax on the gains from these funds. My question is, do I also pay VA state tax on the gains?

Yup. VA has an income tax.

Tags
  Investment Account   Invest Money   Invest in Gold   Invest Fund   Income Fund   HYIP   High Yield   Hedge Fund
Related information
  • Can my wife take a deduction for her $5000.00 contribution to her IRA?

    As long as you have earned income of at least $5,000 she should be all set to contribute. The IRS doesn't look to see where the contributions come from, just that there is earned income to of...

  • Investment Submission?

    Income from both company should be clubbed. The amount so arrivied will be your total income from that you have to calculate tax. Now question arises whether Company A has provided the Income s...

  • Mutual Funds Where do I enter it for IRS?

    You will report the gain or loss of the sale on a Schedule D. You will need to know the fair market value of the investment on the day your grandmother died. The difference between that value and...

  • Where to get funds to produce and market a female nude charity calendar?

    I'm confused about your reference to "charity," when you also say that "part of profits will go to low-income women who need money for college tuition." Will this be a 501...

  • If the feds were interested in fixing the economy....?

    Tito..... Let me break this down for you. I would love if the Fed could do something. The point is you dont understand mortgages. Mortgages are sold on the open market as mortgage backed secu...

  • Capital Gains Tax on Sale of Securities?

    your information is incorrect. there is no zero rate on capital gains unless the amounts are so small that no tax is due at all. *** maybe there's a play here on paying 15% long term ca...

  • Should I put my money into mutual funds or into a Tax Free Bond?

    Mutual funds also have tax implications, unless you are putting that money into a retirement vehicle, where it becomes tax deferred. It all depends on what your appetite is for risk, yield, and wha...

  • Have left my rich girfriend and have been depressed....?

    You cannot expect people to pay for you. Be a man take care of yourself.

    ...
  •  

    Categories--Copyright/IP Policy--Contact Webmaster