Stocks - Today is last day for Tax loss selling

[Tesla_Elon]

6 minutes ago, Spartan said:

im talking about the app.

I understand.. app sucks... nenu chese chinna chitaka trading ki antha pedda diff naku teliyadam ledu

[AndhraneedSCS]

Securities traded on an established market.

 

For securities traded on an established securities market, your holding period begins the day after the trade date you bought the securities, and ends on the trade date you sold them.

 

Do not confuse the trade date with the settlement date, which is the date by which the stock must be delivered and payment must be made.

Example.

 

You are a cash method, calendar year taxpayer. You sold stock on December 31, 2019. According to the rules of the stock exchange, the sale was closed by delivery of the stock and payment of the sale price in January 2020. You received payment of the sale price on that same day. Report your gain or loss on your 2019 return, even though you received the payment in 2020. The gain or loss is long term or short term depending on whether you held the stock more than 1 year. Your holding period ended on December 31.

 

Source: https://www.irs.gov/publications/p550  

[dasara_bullodu1]

On 12/29/2020 at 11:39 AM, sri_india said:

today is lost day to claim you losses in stocks for year 2020 , anything you sell tomorrow go to next year cycle ..... so act fast if you are planning to cover ... don't wait until Friday / Dec 31

I cashed in profits ... will shift all my money from RH to Webull next week and start new trading there