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New Member
posted Nov 14, 2019 8:07:00 AM

If my only source of income for the 2019 tax year is short-term capital gains from day trading, can I still claim the standard deduction? Thank you

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1 Best answer
Employee Tax Expert
Nov 14, 2019 8:24:36 AM

Yes, you can.

 

The amount of your standard deduction will vary depending on your filing status, whether a dependent or not, age or blindness. You can use this IRS tool to figure out how much your standard deduction will be. 

1 Replies
Employee Tax Expert
Nov 14, 2019 8:24:36 AM

Yes, you can.

 

The amount of your standard deduction will vary depending on your filing status, whether a dependent or not, age or blindness. You can use this IRS tool to figure out how much your standard deduction will be.