Replies to post #161342 on The Question and Answer Board (IHUB)

[1Timbo]

I wire $1,000 to my trading account. Purchase a security using all $1,000. Sell security for a gain of $500. Total in trading account = $1,500. If that $500 gain is not removed from my traders account to my bank account and it's reinvested or even lost in another trade, will I pay taxes on it come tax season as a "capital gain tax"?