Comments on: Day trading and taxation? http://www.stocktradingtool.org/day-trading-software/day-trading-and-taxation Stock Trading Tools for Your Success Tue, 25 Jan 2011 17:45:20 +0000 hourly 1 By: Jo Blo http://www.stocktradingtool.org/day-trading-software/day-trading-and-taxation/comment-page-1#comment-653 Jo Blo Fri, 12 Mar 2010 01:03:59 +0000 http://www.stocktradingtool.org/day-trading-software/day-trading-and-taxation#comment-653 if you made your living as a day trader and nothing else, your income is taxed as ordinary income, no capital gains. but,, if you do pay tax on your capital gains, then like the guy above me said,, you must not have input your cost basis in the stocks you sold,, just the selling price. You would only pay on your gains, not on the original investment , you'd show the gain or loss between what you paid and what you sold for.<br><b>References : </b><br> if you made your living as a day trader and nothing else, your income is taxed as ordinary income, no capital gains.

but,, if you do pay tax on your capital gains, then like the guy above me said,, you must not have input your cost basis in the stocks you sold,, just the selling price. You would only pay on your gains, not on the original investment , you’d show the gain or loss between what you paid and what you sold for.
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]]> By: Matt D http://www.stocktradingtool.org/day-trading-software/day-trading-and-taxation/comment-page-1#comment-652 Matt D Fri, 12 Mar 2010 00:48:59 +0000 http://www.stocktradingtool.org/day-trading-software/day-trading-and-taxation#comment-652 It seems like only sales prices are coming through. You probably have to manually input your purchase prices to offset your sales prices in order to get the proper short term capital gain for that tax year.<br><b>References : </b><br>College graduate in accounting/Personal tax experience It seems like only sales prices are coming through. You probably have to manually input your purchase prices to offset your sales prices in order to get the proper short term capital gain for that tax year.
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College graduate in accounting/Personal tax experience

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