I have different investments in two different brokerage accounts A and B.
Investments in A are up 500 and in B are down 500. If I were to sell both of these in the same year (without any other losses / gains in the year) would I need to pay any taxes on the 500$ gain at all (due to the 500 balancing it out)?
The 500$ are currently subject to capital gains tax. Will this be deducted before the loss is taken into consideration?