Stocks - Today is last day for Tax loss selling

[Tesla_Elon]

2 hours ago, Vaampire said:

3k raavu eppatiki. Deductions lo max 3k loss choopinchukovachu. 1k loss untey 1k ney claim chesukovali tax deductions lo.

 

100k loss untey every year 3k claim chesukovachu for next 33 yrs

How can u do this for next 33 years? Can you please explain this??

nenu every year RH lo form teesi CA ki pampistha anthe loss or profit..

[Vaampire]

23 minutes ago, Darling999 said:

Monna ammesi Anni and e roju andulo Oka stock tho day trade cheysa. Am I still eligible to claim?

of course no profit in day trade also

I thibk yes if u already sold it. Hold chesthey claim cheyyalev

[Spartan]

2 hours ago, sri_india said:

 

ila antunna anukokandi ... meeru ela trading chesthunaru without looking your P/L report ...

RH lo mee account section lo > Stocks section lo it shows all stocks you currently own and P/L for each stock ... this is from web app not mobile app.

+69

[Vaampire]

1 minute ago, Tesla_Elon said:

How can u do this for next 33 years? Can you please explain this??

nenu every year RH lo form teesi CA ki pampistha anthe loss or profit..

U have to report all ur losses while filing tax. Only 3k can be deducted for one year. So following years ki ee loss ni carry over chesukovali.

Turbotax etc online tax filibg tools already do it for u.

[Vaampire]

1 minute ago, Spartan said:

+69

@Spartan ee year tax returns file chesetappudu fed ki money kattadaniko stocks ammali gaa. 

[Spartan]

e thread chustunte... 

[Spartan]

7 minutes ago, Vaampire said:

@Spartan ee year tax returns file chesetappudu fed ki money kattadaniko stocks ammali gaa. 

2012 incident tarvata nunchu.....manaki eppudu teeskovadame kaani..return ivvadalu levammma... 

[Telugodura456]

I have BABA stock at some loss. Should i sell now ? everyone says it will grow and it already grew a lot this day.

[Vaampire]

2 minutes ago, Spartan said:

2021 incident tarvata nunchu.....manaki eppudu teeskovadame kaani..return ivvadalu levammma... 

laavu ayipothav

[sri_india]

7 minutes ago, Tesla_Elon said:

How can u do this for next 33 years? Can you please explain this??

nenu every year RH lo form teesi CA ki pampistha anthe loss or profit..

you need to file 1040 Schedule D , below is the link ... next time CA ki pampe appudu cheppu , I have losses from previous year ani .... or if you are doing your own ,manually aithy fill below form or turbotax lo aithy vadu guide chesthadu

 

https://www.irs.gov/pub/irs-pdf/f1040sd.pdf

[Vaampire]

Just now, Telugodura456 said:

I have BABA stock at some loss. Should i sell now ? everyone says it will grow and it already grew a lot this day.

If u believe in stock, just hold it..

selling sonething just for tax purpose is foolish in my opinion

[sri_india]

2 minutes ago, Telugodura456 said:

I have BABA stock at some loss. Should i sell now ? everyone says it will grow and it already grew a lot this day.

if you are planning to hold it for long   ... no don't do it .....

[Tesla_Elon]

7 minutes ago, Vaampire said:

U have to report all ur losses while filing tax. Only 3k can be deducted for one year. So following years ki ee loss ni carry over chesukovali.

Turbotax etc online tax filibg tools already do it for u.

Mana CA ki last year tax forms (RH tax documents) pampala. What if i lost 30k loss last year and have 40k profit for this year how does this work?

[Spartan]

Just now, Tesla_Elon said:

Mana CA ki last year tax forms (RH tax documents) pampala. What if i lost 30k loss last year and have 40k profit for this year how does this work?

appudu ne ee year realised gain profit will be 37K ..not 40.

[Spartan]

4 minutes ago, Vaampire said:

laavu ayipothav