Quote:
Originally Posted by rjm1cc
Remember you can still owe capital gains tax if sell. I.E. you bought the stock at 10, it went to 100 and fell to 80 so you lost 20. But you also lost the amount of the tax.
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You only pay capital gains on the dollar amount that exceeds your capital losses. And since the original poster asked about those who sold their positions at a loss, the amount owed in taxes would be zero.