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Investors & landlords
MuMiX said:
"The sum of the winning trades that I would be taxed on is 3.3 million,"
Your winning trades have a cost basis ; the profit is 3.3 million minus whatever you paid for those shares.
For a day trader, your cost basis is going to be close to your proceeds.
Therefore, getting taxed on 3.3 million is just not going to happen.
‎June 24, 2021
7:52 AM