Few different scenarios, profits always adds to you taxible income. If you hold the stock for more than 12 months you only pay tax on 50% of the proffits.
However, unless you are considered a trader losses will be deferred and can be deducted from any future share selling proffits, just not you day job income.
To be classed as a trader and have any losses deducted from day job taxible in come there are a number of acceptable ways. Easiest it 20k worth of trades. Say you make 10x 2k trades for the year. Shifting the 2k between 10 stocks over 12 months you could be classed as a trader.
BIT Price at posting:
25.5¢ Sentiment: None Disclosure: Not Held
