Question

Why would I owe state tax for dividend income if I lost more money in the stock market than I earned?

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Although dividends are generated from equities they are separate income from capital gains and loss.

Dividends are tax in a similar way as interest from your bank.

So it is not uncommon to have a capital loss on the sale of equities and taxable income on dividends.

-follow this link for more information on dividends-

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