Help understanding wash rule

I'm relatively new to this, so please bear with me.

Let's say over the course of a week I trade in and out of the same stock each day and get the following results.

Monday +$10

Tuesday -$15

Wednesday +$20

Thursday -$30

Friday +$20

Net +$5

What do I pay taxes on exactly? The $5 net capital gain? Or, am I paying taxes on $50?

Thank you!

Submitted October 08, 2020 at 11:11AM by born2pun
via https://ift.tt/36LIVDW

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