Question about Tax on Stock sale?

Question

If person A purchase stock xyz for 5bucks/share and sell it @ the same price, how much does he need to pay on tax for this entire transaction? Does he pay tax while he purchase and when he sell it? Or he just lost the 2 transaction fee to the broker?

Thank you very much for your help.

Answer 1

if you buy and sell at the same price, there was no profit to pay taxes on and no loss to deduct.  You can deduct the broker fee