If I buy and sell one particular shares in the same financial years. How do you calculate the taxable income.
I bought PNN at 1.32 and sold it at 2.20
I bought it back at 1.82 and sold it 1t 2.67
I bought another lot at 1.80 and sold it at 2.10
then I bought 2.49 and sold it at 2.10
now I have about 3000 PNN shares left which I haven't realised my loss yet. I bought this lot at 1.80 ad the share price is now at 1.65.
Which the above example transactions. How so I calculate the capital gain/loss and can I claim internet and phone expenses for shares trading. Do you have any idea what else we can claim on tax deduction from shares trading? Any advice which accountant I have to go to. I normally lodge tax return by myself by using ETAX but I think I need to use accountant for this financial year as I have started my shares trading since nov last year.