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
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