Stocks - Today is last day for Tax loss selling

[Tesla_Elon]

2 minutes ago, Spartan said:

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

Cool, Thanks

[Spartan]

@Vaampire  WorkHorse enter ayyava.

[appaji_pesarattu]

i started my trade options this year and didn't sell anything...currently i am in loss... should i still report this in my tax filing?

[Vaampire]

1 minute ago, Spartan said:

@Vaampire  WorkHorse enter ayyava.

Nope. Nuvvu ey price point lo enter ayyav?

neney horse laa work chesthunna ani workhorse lo enter kaley

[Vaampire]

2 minutes ago, appaji_pesarattu said:

i started my trade options this year and didn't sell anything...currently i am in loss... should i still report this in my tax filing?

Mostly ur trading firm will not generate tax form for u

[sri_india]

3 minutes ago, appaji_pesarattu said:

i started my trade options this year and didn't sell anything...currently i am in loss... should i still report this in my tax filing?

only realized gains or losses ee report cheyali

[sri_india]

9 minutes ago, 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?

30K -3K last year = 27K carry forward

40K profit this year - 27K loss from previous year  = 13K profit for tax 

 

 

[Tesla_Elon]

1 minute ago, sri_india said:

30K -3K last year = 27K carry forward

40K profit this year - 27K loss from previous year  = 13K profit for tax 

 

 

@Spartan and @Vaampire is this right?

[sri_india]

Just now, Tesla_Elon said:

@Spartan and @Vaampire is this right?

LOL .....ayithy neenu wrong

[Spartan]

7 minutes ago, Vaampire said:

Nope. Nuvvu ey price point lo enter ayyav?

neney horse laa work chesthunna ani workhorse lo enter kaley

second line..

 

entered at 22.... 35 datite ammuta..

[Tesla_Elon]

Just now, sri_india said:

LOL .....ayithy neenu wrong

I didn’t mean it bro. previous reply lo vaampire or spartan said its 37k so confirming again.

[Spartan]

1 minute ago, Tesla_Elon said:

@Spartan and @Vaampire is this right?

 

1 minute ago, sri_india said:

ayithy neenu wrong

yes u r @sri_india

@Tesla_Elon  nenu cheppina 37K for 40K kayam chesko.

[sri_india]

Just now, Spartan said:

 

yes u r @sri_india

@Tesla_Elon  nenu cheppina 37K for 40K kayam chesko.

An Example of Carrying Over Losses

Let's assume the stock market has a bad year. You sell a stock or mutual fund and realize a $20,000 loss with no capital gains that year. First, you'll use $3,000 of the loss to offset your ordinary income. The remaining $17,000 will carry over to the following year.

 

Next year, if you have $5,000 of capital gain, you can use $5,000 of your remaining $17,000 loss carryover to offset it. You can use another $3,000 to deduct against ordinary income, leaving you with $9,000.

 

The remaining $9,000 will then carry forward to the next tax year. Assuming you had no capital gains in the following three years, you could use up the remaining $9,000 loss $3,000 at a time over those three years.

 

https://www.thebalance.com/can-a-capital-loss-carryover-to-the-next-year-2388983

[Spartan]

Just now, sri_india said:

An Example of Carrying Over Losses

Let's assume the stock market has a bad year. You sell a stock or mutual fund and realize a $20,000 loss with no capital gains that year. First, you'll use $3,000 of the loss to offset your ordinary income. The remaining $17,000 will carry over to the following year.

 

Next year, if you have $5,000 of capital gain, you can use $5,000 of your remaining $17,000 loss carryover to offset it. You can use another $3,000 to deduct against ordinary income, leaving you with $9,000.

 

The remaining $9,000 will then carry forward to the next tax year. Assuming you had no capital gains in the following three years, you could use up the remaining $9,000 loss $3,000 at a time over those three years.

   Trump gadu endi mari vere la cheppadu... 

[Vaampire]

2 minutes ago, Spartan said:

second line..

 

entered at 22.... 35 datite ammuta..

Next year add chesukunta