If I'm a trader,I'm holding $10,000 of shares going into the fin...

  1. AI
    1,505 Posts.
    If I'm a trader,

    I'm holding $10,000 of shares going into the fin year.
    I sell them for $20,000.
    I buy $20,000 worth of another stock and I'm holding them at the end of the fin year.

    Do I pay tax on the $10,000 profit from the sold shares???
    Or do I pay tax on $20,000, the $10,000 profit and the $10,000 difference in opening and closing stock???
 
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