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WealthyDreamer

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WealthyDreamer

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Thursday, 07/16/2015 1:53:04 PM

Thursday, July 16, 2015 1:53:04 PM

Post# of 6233
I am new to investing and I am little curious as to how paying taxes on gains work. Let's say I buy 2000 shares for 50 cents which comes out to 1000$ (+9.99 commission fees) If I decided to tell all these shares at 55 cents which totals to 1100$. (+9.99 commission fees) Does that mean I get taxes on the 100$ gain or 80.02$? The 80.02 comes from the losses due to commission fees. Any help is appreciated thanks!!
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