More questions...is this why traders "tax harvest" at the end of the year and realize more losses to avoid paying taxes on additional gains?
Today, my current statement shows as below - why are some totals negative? Not completely understanding...
REALIZED:
S/T Profit: $77,333.97
S/T Loss: $45,185
L/T Loss: $-39,936
Total Realized: $82,582
UNREALIZED:
S/T Profit: $5,054
S/T Loss: $-64,597
L/T Profit: $30.46
L/T Loss: $-46,054
Total Unrealized: $-105,666.70
TOTAL ALL ASSEST: -$22,984
So I have a tax liability of $82,582 of short term gains. I can offset these gains if I realized more losses, of which right now I can -$22,984 total.
