So my parents are filing my tax thing for me, i gave them my W2 from fast food and my TD Ameritrade info
So he inputs all the info into turbotax and it says my total income was $17000+, ($16000 from stocks) which isn't the correct info.
The $16,000 was my purchases total (ie, i buy then sell $800 worth of stock 20 times), but not the profit or loss.
The tax thing now says i owe $2500 because i made $17,000 this year, which isn't right
My step dad keeps insisting that they do tax on the amount i traded and not my profit
How do i fix this?
So he inputs all the info into turbotax and it says my total income was $17000+, ($16000 from stocks) which isn't the correct info.
The $16,000 was my purchases total (ie, i buy then sell $800 worth of stock 20 times), but not the profit or loss.
The tax thing now says i owe $2500 because i made $17,000 this year, which isn't right
My step dad keeps insisting that they do tax on the amount i traded and not my profit
How do i fix this?
