I recently acquired some stock as part of a royalty payment, and having no previous experience with stocks, have a few questions I’m hoping y’all can help out with.
I know I’ll have to pay short term capital gains taxes if I sell the stock immediately, long term if I hold onto it. On normal royalty payments, I pay long term capital gains, but as this isn’t a normal cash payment, do I pay taxes on the stock now and again when I sell it, or just when it’s sold?
Is it possible for me to give away shares of my stock, or make someone part owner of my shares, and if so, how?
No more questions at the moment, but Hi Opal.