You're taxed on your net realized gain, if any. For example, if you sold stocks for a $10k gain and you sold stocks for a $7k loss, you'd be taxed on $3k.
And yes, wash sales can throw a monkey wrench in that equation if you're not careful.
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You're taxed on your net realized gain, if any. For example, if you sold stocks for a $10k gain and you sold stocks for a $7k loss, you'd be taxed on $3k.
And yes, wash sales can throw a monkey wrench in that equation if you're not careful.