If I were to make 800 dollars in gains and 600 dollars in losses. Do I pay taxes on 200 dollars (800-600) or on the entire 800?
In other words, am I paying taxes on my overall profits (gains-losses) or on all my gains, regardless of how much I lost.
If I were to make 800 dollars in gains and 600 dollars in losses. Do I pay taxes on 200 dollars (800-600) or on the entire 800?
In other words, am I paying taxes on my overall profits (gains-losses) or on all my gains, regardless of how much I lost.
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