Stocks Noob, capital gains question This year I sold total stock (ALL SHORT TERM GAINS) for +$700 gains.
I will be filing married jointly, and our mutual income is around 120k.
Now I have 2 stocks (short term too) in my portfolio with $120 and $200 loss. That's an unrealized.
If I sell both - will that mean that I will only pay 700-120-200 = $380 short term capital gains taxes?
Thanks. |