Short term capita gain taxes
Hello, Reddit friends I am a student and new to investing. Wanted to earn some extra money and wanted to know if I frequently buy and sell the same stock for 30 period how do the tax rules imply on tax gain? Just giving an example below: APL stock bought at 30 and sold at 40, 10 shares at profit of $ 100 APL stock again bought at 45 and sold at 60, total gain for 10 shares at 150 APL stock again bought at 62 but sold at 82 for gain $ 200 For 30 days, total gain= $ 450 Additional questions: -So it's for same stock and within 30 days frame so how much tax will I pay? -Cost is based on each order cost basis or always $30 dollar cost will be calculated for capital gain, all shares were sold before buying new ones. - As there is no loss, I assume wash sale tax doesn’t matter here?
