|
|
|
|
|
|
by daveguy
3014 days ago
|
|
|
Not an accountant, but I think you should recognize gains with every trade just like Intel and Google trades that liquidate or forex trades. Key point here is that you also recognize every loss. Which means in effect you are only paying tax on the amount your wealth increased over the tax period. It could still be huge, but only proportional to huge overall gains. Not sure about the trading fees for frequent traders. That's definitely a CPA question. |
|
|
I believe they factor into calculating the gain/loss. E.g., if you buy 100 units for $99 plus a $1 fee, then your cost basis is ($99 + $1)/(100 units) = $1.00/unit. If you later sell them all for $111 with a $1 fee, then your capital gain is ($111 - $1) - ($100) = $10.