Investments (Not just stocks)

If you held for less than a year, it's taxed as ordinary income. If greater than a year, it's taxed as capital gains.

Yet another reason day trading is for suckers.

 

That's how it always has been. The Robinhood crowd tends to not be too up on this, and got a bunch of 1099's they weren't expecting.

 

Good point, also the stimulus checks were not just free money, taxes due on that so many will not get the tax refund they were expecting. Lots of business rely on tax refund season to power their sales, like car dealers. Probably will not be much of a bump this year.