Margin question. If I buy on margin and stock goes up, then if I sell only enough to cover the margin and just keep the extra stocks, do I have any tax on that sale if I did LIFO?
Understand if it goes down and I do the same thing I loose shares (assuming I had a base of shares to begin with)

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This question sounds a lot like an exam question where the professor throws in a bunch of additional irrelevant facts to try to throw you off. I don't see how buying on margin is relevant. Did you buy all the stocks in one lot? Did you recognize gains when you sold? If so, you will be taxed.

I thought the margin was highly relevant as selling back 95% (if price has gone up) pays back the loan/margin. The gain is unrealized as the last 5% hasn’t been sold.

My question is am I taxed even when paying back the loan or am I taxed only on the last 5% which is the true gain?

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