I understand I must pay tax on short term capital gains (all my trades are under 1 year), but which number am I paying the tax on, short-term gain or short-term net gain?

[jg258]

From the report shown below, which number am I taxed on for capital gains?

Is it the short-term net row ($4,097.59) or the short-term gain row ($10,573.36)?

Realized Capital Gain/Loss Report
01/01/2020 to 06/09/2020 Tuesday, June 9, 2020

Short-term gain 10,573.36
Short-term loss -6,475.77
Short-term net 4,097.59
Short-term proceeds 41,275.79
Short-term cost 37,178.20

[VolvoGirl · Accepted solution]

You pay tax on the net gain after losses.  

By the way for the future..... if you have an overall net Loss you can only deduct 3,000 (1,500 MFS) max on your tax return.  The rest you have to carryover to next year.  You have to report the carryover every year until it's used up.  You can't skip a year.