I have recently opened a brokerage account and want to deposit some funds. Before I begin investing, I am curious if there are any caveats to withdrawing my money in the future. I am a US citizen residing in the EU.
1) In a nutshell - and I realize it's a complex topic - how are taxes estimated from a normal stocks brokerage? Are you taxed once you withdraw all funds? Or does the brokerage send you a tax statement at the end of the year? Are your invested earnings taxed even if you haven't closed with them?
2) Lets say I originally put $10k in my account and in the future I want to withdraw the original amount plus $2k that I earned. Does the brokerage keep anything for themselves? What is taxed? Just the earned $2k?