Semi new to this... I received my 1099 from my brokerage and looking it over just saw some numbers that i am not familiar with how they work. The cost basis and proceeds boxes. Do these numbers just add up over the course of the year and cost basis minus proceeds equals your yearly total gain or loss? (i know that sounds stupid) those two numbers look huge, I didn't have that much money in that account so it has to be adding up the multiple trade transactions. Anyone able to explain? THANKS!
thanks, it just seems like looking at the two numbers I'm thinking "i didnt put that much money into this account!"
