What is Short term sales with cost basis NOT reported to the IRS vs. Short term sales with cost basis reported to the IRS.
If I am paying short term gains its my normal tax rate say 33% all my long term gains will be 15% correct?
But when I add my stock trades I am taxed higher than the 33% and 15% for the portion of the gains. My totally income will not be higher than 33% with or without my stock trades.
