Lets say I make a $1000 capital gain on a stock I've held longer than a year and a $500 capital loss on a stock (duration of the loosing stock doesnt matter right?), and my tax bracket is 30%...my tax will be:
($1000 - $500)x 50% x 30% = $75
Is this correct? I am going my molonski's post that the losses are deducted before the discount of 50% is applied.
On the other hand, say I made the $1000 gain in a month only...my tax would be:
