- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
Yes, @SgtofMarines and @JL5, they are stock trades, however, there are certain rules to abide by as with anything related to taxes. Individual traders and investors pay taxes on capital gains. Generally speaking, if you held the position less than a year (365 days), that would be considered a short-term capital gain, which is taxed at the same rate as ordinary income.
Here are some links to "rules" of day trading, as well as tips and tricks of the trade, so to speak:
Day Trading Tax Deduction Tips
Then,
Posted by an "Alumni" of TurboTax back in 2019 Intuit Best Answer For Day Trading
‎February 14, 2021
1:28 PM