Robinhood tax
Hey blinders! I have a question regarding robinhood taxes. Suppose i invested 100k in 2 stocks at robinhood with 50k each. I gain 10k in one stock and loose 10k on the other. Do I pay capital gain taxes on the 10k earned? Or does it gets nullified by the 10k loss and we see overall gain on 100k for tax purpose? #amazon #robinhood #taxes
Is this real? Robinhood tax? Loose? You shouldn't be gambling...
If you buy back the stock or a call option on the stock you took a loss on, within a month, you will trigger wash sale rules and may have to pay taxes this year.
Unrealized gains/losses? No difference since no tax is paid yet. Once you sell, your gains and losses are realized. At that point you can do 10-10=0 if you sold both within the same year
wash if you sell both
Thanks!