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How does the IRS calculate stock capital gains for the year? Is it NET GAINS - NET LOSS = Profit/loss ? Or do they tax each individual capital gain?
I am an active day trader. I want to know if the TOTAL NET GAINS are the ones the IRS taxes, or is it all capital gain sales made with profit individually?
So is it total profits that get taxed or all total assets sold for gains?
Thank you
So is it total profits that get taxed or all total assets sold for gains?
Thank you
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‎February 9, 2021
5:11 PM