3 question for all that can answer, curious to know your thoughts.
You are an investor and do 3 trades in the year, which are made up of:
1 held 18months making a 40,000 profit
1 held 1 month making a 5,000 profit
1 held 3 month making a 7,000 loss.
You have a carried over loss for previous years of 30,000.
So 3 questions to be asked:
1) What is your year gain for the year?
2) What is your net capital gain for the year, that you'll be taxed on?
3) What is your capital losses to be used in future years?
