Sticky Jobs & Taxin’ Stocks
Get rid of your car's stickers and find out if you need to pay taxes on stocks.
Q. I bought a car, and the back bumper is covered in stickers. How do I get them off without ruining the paint?
A. Taking off a bumper sticker takes patience. According to the experts, these tips should get the job done.
- First, heat the glue on the back of the sticker with a hair dryer. It may take a few minutes.
- Next, use your fingernail to pry up a corner and slowly peel. Remember: this isn't a race.
- If the sticker isn't budging, apply a cleaner designed to remove sticky substances (follow the directions on the container). Then try again.
- Once the sticker is off, you might be left with some gooey residue. Use a lint-free rag dipped in rubbing alcohol to get rid of the rest of the gunk.
If you've tried all of this and it hasn't worked, consider covering the offending stickers with your own.
Q. Do you have to pay taxes when you sell stocks?
A. Unfortunately, you do have to pay taxes on any gains from stock sales.
However, stocks are taxed at different rates depending on how long you've owned them. Gains from shares held for less than a year are taxed more heavily, while those held for over a year are taxed at a lower rate. This is designed to encourage long-term investment.
Before January 31 of every year, you should receive form 1099-B from your broker. This reports all of your gains or losses on investments for the year, which you'll use to fill out your Form 1040 Schedule D.
Make sure to keep any transaction information and tax documents in one place, lest you tear your hair out looking for them come April 15 (or preferably earlier). For more detailed information, go to irs.gov.
Editor's Note: When answering your questions, brass consults with experienced professionals from a wide spectrum of industries. We utilize their expertise to give you the answers you need, but it's always wise to seek additional opinions from other professionals.
Sources: popularmechanics.com; fool.com; irs.gov; diynetwork.com; investopedia.com






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