Investing
Robinhood Traders Face the Taxman After Falling In Love With Stocks
What should you know if you made money on your investments last year?
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Almost everyone who makes money must get acquainted with the taxman.
That’s the reality dawning on U.S. investors who began buying and selling stocks on apps such as Robinhood last year, when they were cut off from other pastimes during pandemic lockdowns. At least 8 million people opened new brokerage accounts in the first nine months of 2020 — many of them young traders who were dipping their toes into the investing pool for the first time.