and why are you telling me this? not sure why you quoted me saying that i would have to pay taxes if i hit a $1200 royal, then proceeded to explain to me that i have to pay taxes over $1200 (i just stated that, so wouldnt that imply that i know how it works?).. nothing i said implied that i dont understand the $1200 thing..
i also am aware you can deduct your losses, but the only thing i did not know, and i dont think is fair, is if you end up +$100, you have to pay taxes, but if you end up -$10000, you get nothing.. isnt it true that federal taxes were to pay off the civil war or something, and once it was paid off we were supposed to stop?