I have no idea how any of this works… do I need pay taxes any time I sell for profit on any given trading platform? Are there taxes if I loose money on a trade!? Do I pay taxes to the state I reside in or to the state my investment business is registered? Do I only pay taxes when I transfer money from trading platform to my bank account? I understand that the ever so greedy uncle Sam wants a cut, but I genuinely have no clue how this works and I can’t find any info on this shit with a google search.

Please halp!

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Author Of this post: /u/ambitious-gerbal
Title Of post: Total noob; how do I figure out when and how much taxes I will need to pay for stock trades in my state?
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