Short term capital Gain tax

[ndesk]

Hi Experts,

If in a calendar year I buy $100K worth of stocks and sell it for $150K  in the same year and again buy $20K worth of stocks and keep it for the next year without selling it in that particular year, do I need pay short term gain for $50K or for $30K?

Please confirm

Thanks,

[Anonymous]

50K. there is no reportable gain or loss for tax purposes until the stock bought is sold. 

[NCperson]

you would pay tax on the $50,000 gain, because you bought AND SOLD the stock.  

Any tax on the $20,000 stock you bought is not due until you SOLD the stock and would be calculated only after the stock was sold and the gain / loss could be calculated.