Can someone help out a stock noobie? Questions about taxes

2021 is the first year I invested in stocks. I’m not exactly sure what I’m doing but I invested about $5,000 in few different stocks through Fidelity.
I didn’t want to invest too much without not knowing anything in stocks so the stocks I bought are just ones I’m planning to hold onto for a long time.
Some of the stocks I’ve invested into are MSFT, AAPL, NET, ICLN, SQ etc

I was hoping someone could educate me on how taxes work with stocks?
From my understanding, since I’m not trading or selling stocks, it’s not something I should worry about but I have like $30ish from dividends, is this something I need to report?

Also with ICLN, it shows that there’s foreign income and foreign tax paid, can someone explain what this means?
Any help would be greatly appreciated!


Leave a Reply

Your email address will not be published. Required fields are marked *