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7423468

Anonymous Wed Feb 7 11:24:26 2018 No.7423468 [Reply] [Original]

I trade a $1 coin = capital loss of $1

for another coin worth $1 = capital gain of $1

My net capital gain is 0?

>>	Anonymous Wed Feb 7 11:34:23 2018 No.7423757 You're not taxed until you have met your initial amount you put in. If you break even you don't pay taxes.

>>	Anonymous Wed Feb 7 11:40:47 2018 No.7423958 >>7423468 Simple. Taxable income = capital gain - capital loss. So in your case, you have a capital gain of $4 and a capital loss of $1, so you are taxed from those $3.