Stock discussions

[Vaampire]

53 minutes ago, Spartan said:

  VUG fund kondam anukunna last December but marchipoya

oka 100 koni odileyalsindi tax dabbulakaina vachevi

ee year kosam fund vetukutunna @Anta Assamey

Plzzz dont remind me about tax yaaa.

[Hindhustani]

On 12/23/2021 at 12:33 PM, Vaampire said:

If u think there is no scope of recovery, sell them.

two things u need to know.

1) u can only claim 3k per year in trading losses. Migithavi next yr carry over

2) if u sell a stock and buy it again with in 30 days for more price then it falls under washsale and wont be added in losses while tax filing.

@Vaampire Bro , I didn’t get your 2nd point and first time I am hearing. Till now my understanding is that for that year what is the total loss across all buy/sell and claim 3k and transfer remaining to next year .. can you help me understand 2nd point with example 

[Vaampire]

40 minutes ago, Hindhustani said:

@Vaampire Bro , I didn’t get your 2nd point and first time I am hearing. Till now my understanding is that for that year what is the total loss across all buy/sell and claim 3k and transfer remaining to next year .. can you help me understand 2nd point with example 

Assume u bought 5 apple stocks at 200 = 1000.

u sold them at $180 on jan 1st= 900. So now u have a loss of $100.  If u buy apple stock agan for more than $180 before feb1st, u can claim $100 loss.

google washsale

[pandemkodi]

3 minutes ago, Vaampire said:

Assume u bought 5 apple stocks at 200 = 1000.

u sold them at $180 on jan 1st= 900. So now u have a loss of $100.  If u buy apple stock agan for more than $180 before feb1st, u can claim $100 loss.

google washsale

Washsale 45 days kada ?

[chicagoafdb]

@Vaampire I lost close to $10k. So can I claim this loss on tax filings for 21? I am new to investing. I used Robin hood account.

[Vaampire]

43 minutes ago, pandemkodi said:

Washsale 45 days kada ?

https://www.investopedia.com/terms/w/washsalerule.asp

30 days

[Vaampire]

1 minute ago, chicagoafdb said:

@Vaampire I lost close to $10k. So can I claim this loss on tax filings for 21? I am new to investing. I used Robin hood account.

U can claim only 3k per year.

 

[Spartan]

4 hours ago, Anta Assamey said:

Aa madya EV kosam okati anukunam.... Marchipoya...

@Anta Assamey FDRV na

[Spartan]

1 hour ago, chicagoafdb said:

@Vaampire I lost close to $10k. So can I claim this loss on tax filings for 21? I am new to investing. I used Robin hood account.

@chicagoafdb 10k net loss aa leda loss undi ani claim chestunnava 

10k should be your net gain/loss to claim

[Spartan]

3 hours ago, Vaampire said:

Plzzz dont remind me about tax yaaa.

@Vaampire gofund me ipen chestunna tax returns kosam 90k kavali

100k ki request pedta please do the needful

[kittaya]

6 minutes ago, Spartan said:

@chicagoafdb 10k net loss aa leda loss undi ani claim chestunnava 

10k should be your net gain/loss to claim

Loss undhi Ani ammadaniki 

Net gain or loss ki ndhi thedaa

 

[Spartan]

4 minutes ago, kittaya said:

Loss undhi Ani ammadaniki 

Net gain or loss ki ndhi thedaa

 

suppose 

apple and amc stocks unnai anuko ne deggara

after u sell them both on apple you make 5k profit and on Amc lo u lost lets say 4k 

then ur net gainloss is 1k,  1k ki tax kattali

4k loss undi ani chupinchalevu 

 

second scenario apple lo 2 k profit and amc lo 5k loss anuko, then ur net is 3k loss which u can claim

3k kanna ala ekkuva net loss unte u can carry it over to next year

@kittaya

[kittaya]

1 minute ago, Spartan said:

suppose 

apple and amc stocks unnai anuko ne deggara

after u sell them both on apple you make 5k profit and on Amc lo u lost lets say 4k 

then ur net gainloss is 1k,  1k ki tax kattali

4k loss undi ani chupinchalevu 

 

second scenario apple lo 2 k profit and amc lo 5k loss anuko, then ur net is 3k loss which u can claim

3k kanna ala ekkuva net loss unte u can carry it over to next year

@kittaya

Ade kada.. veredhi emaina undhi emo Ani bayapadda.. loss unna stocks anni ammesa... Asale.. 

[Anta Assamey]

14 minutes ago, Spartan said:

@Anta Assamey FDRV na

Yes... 

[Hindhustani]

2 hours ago, Vaampire said:

Assume u bought 5 apple stocks at 200 = 1000.

u sold them at $180 on jan 1st= 900. So now u have a loss of $100.  If u buy apple stock agan for more than $180 before feb1st, u can claim $100 loss.

google washsale

Either way I can claim 100 loss correct.? Even if I buy or not at 180 ?