Do gains and losses across multiple different investments get netted at tax time? Or is the income tax applied individually for each?

External question — Personal Finance Stack Exchange Author: Runeaway3 Original post: https://money.stackexchange.com/questions/131309 License: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/ Adaptation: HTML converted to plain text; contact email addresses removed. Lets say I have online brokerage A providing me with an individual (non-retirement) investment account. Call it X. I also have a Forex account, call it Y. If I make $500 in X, and -$300 in Y on the year do I owe that income tax as net $200? Or just on $500? What if it was absurd and was x=600 and Y=-4000? Would I still owe taxes on $600? I would imagine it has to be net, right? Obviously ignoring the stuff like different tax brackets, short vs long term capital gains, etc...

External answer — Personal Finance Stack Exchange Author: Franck Dernoncourt Original post: https://money.stackexchange.com/a/131310 License: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/ Adaptation: HTML converted to plain text; contact email addresses removed. If I make $500 in X, and -$300 in Y on the year do I owe that income tax as net $200? Or just on $500? 200 USD, assuming that you are talking about US taxes. See https://www.investopedia.com/articles/investing/062713/capital-losses-and-tax.asp ( mirror ): Any loss can be netted against any capital gain realized in the same tax year, but only $3,000 of capital loss can be deducted against earned or other types of income in the year. Remaining capital losses can then be deducted in future years up to $3,000 a year, or a capital gain can be used to offset the remaining carry-forward amount.