Hi my question is this. i am doing day trading. I am doing 20-30 trades per day with same stock. Lets say i made 10 trades one day with apple stock. Out of the 10 trades i made profit on first 7 trade for $500. On my 8th trade i have a loss of 50. then i buy the same stock (which trigger a wash sale) and i sell it for a gain of $100 on same day. Then i didn't do any more trade for the day. So in this case what is my net gain for the day that will be taxed?. And what if i sell the my 8th trade for a loss of $100 what will be my net gain for the day that will be taxed.? Please help.
