This is not possible, since the law exempts anything up to $200 from your gross income calculation, from which your taxable income is derived. Taxable income is

This is not possible, since the law exempts anything up to $200 from your gross income calculation, from which your taxable income is derived. Taxable income is periodically calculated according to your taxable year. So if you exceed those $200 within your taxable year, it is taxed. Does not matter how many transaction it takes.