Minerco Inc (MINE)

[Coachshot99]

Again, not to be a pain in ur ass... But when you say "cashed out" you mean money withdrawn and sent back to your bank? I was under the impression you would get taxed on every security you buy and then sell. Regardless of whether you reinvest those profits or not. But maybe I am wrong.

So to keep the math easy... If I invested 10k and sold at 30k but left the money in my tdameritrade account, I won't be taxed on the 20k until I send it back to my bank?

Seems off because I can get a debit card for my tdameritrade money market if I want it.

I would assume I am taxed on all the sold securities and the profits they made regardless of what I do with the money at that point. ie... Re invest, send back to bank or leave in broker money market.

If I reinvest and that security loses money for example, my total goes from 30k to 20 k, and I sell again then my total profit is now down to 10k and that is what I am taxed on.

Not positive about any of this. Just how it was explained to me.

Thoughts?