Skip to main content
November 14, 2019
Solved

If my only source of income for the 2019 tax year is short-term capital gains from day trading, can I still claim the standard deduction?Thank you

  • November 14, 2019
  • 1 reply
  • 0 views
No text available
Best answer by PaulaM

Yes, you can.

 

The amount of your standard deduction will vary depending on your filing status, whether a dependent or not, age or blindness. You can use this IRS tool to figure out how much your standard deduction will be. 

1 reply

PaulaMAnswer
Employee
November 14, 2019

Yes, you can.

 

The amount of your standard deduction will vary depending on your filing status, whether a dependent or not, age or blindness. You can use this IRS tool to figure out how much your standard deduction will be. 

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"