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
011103
1 Best answer
PaulaM
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
PaulaM
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.