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DRIPS and taxes

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Prospect
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Joined: Jul, 2010
Posts: 63
Posted: #1

New to the investment world...

I am investing is a single stock...Im in it for the long run...In 20 years if i choose to sell it do I pay taxes on the sale price...Since I paid taxes on the DRIPS yearly and paid taxes on my income that I used to buy these stocks?  So my question is do I pay taxes once or will taxes get me twice?

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