stocks lo last year 60% poyi

[TensionNahiLeneka]

stocks lo last year 60% poyinayi anuko , tax lo file cheyochu kada.

and then ee year oka 70% profit vachindi anuko, only 10% profit kinda file chestama tax, next year ki. 

 

it might be silly question. kanai please answer me. 

 

[TKWQ]

12 minutes ago, TensionNahiLeneka said:

stocks lo last year 60% poyinayi anuko , tax lo file cheyochu kada.

and then ee year oka 70% profit vachindi anuko, only 10% profit kinda file chestama tax, next year ki. 

 

it might be silly question. kanai please answer me. 

 

As you may already know taxes are paid on realized gains/losses. Google for 'Wash Sale'. Look at this blurb from investopedia:

The wash-sale rule is an Internal Revenue Service (IRS) regulation established to disallow a tax deduction for a security sold in a wash sale. The rule defines a wash sale as one that occurs when an individual sells or trades a security at a loss and, within 30 days before or after this sale, buys a “substantially identical” stock or security, or acquires a contract or option to do so.

[Spartan]

60% aina 70% aina..

one year ki u can show max of 3K loss..net.

danikanna ekkuva unte, inko 3k carryover cheskovachu...

so second year 7K profit vaste..u can claim 3k loss..with net gain of 4K..whcih u will pay tax for.

[Ravi860]

Just now, Spartan said:

60% aina 70% aina..

one year ki u can show max of 3K loss...

danikanna ekkuva unte, inko 3k carryover cheskovachu...

so second year 7K profit vaste..u can claim 3k loss..with net gain of 4K..whcih u will pay tax for.

interesting..does this show any impact on credit history, ech 1 or gc

[Spartan]

Just now, Ravi860 said:

interesting..does this show any impact on credit history, ech 1 or gc

no

[argadorn]

Just now, Spartan said:

60% aina 70% aina..

one year ki u can show max of 3K loss...

danikanna ekkuva unte, inko 3k carryover cheskovachu...

so second year 7K profit vaste..u can claim 3k loss..with net gain of 4K..whcih u will pay tax for.

bitcin lo poyinayi   200 or 300 ....  enka 3 unayi usernmae password marchipoyina eppudu tax filing appudu em adugutahru  shares and stocks 

[TensionNahiLeneka]

1 minute ago, Spartan said:

60% aina 70% aina..

one year ki u can show max of 3K loss...

danikanna ekkuva unte, inko 3k carryover cheskovachu...

so second year 7K profit vaste..u can claim 3k loss..with net gain of 4K..whcih u will pay tax for.

correct neat year 3k profit vaste, inka manam tax kattalsina avasaram leda? 

[Spartan]

Just now, argadorn said:

bitcin lo poyinayi   200 or 300 ....  enka 3 unayi usernmae password marchipoyina eppudu tax filing appudu em adugutahru  shares and stocks 

bitcoin in case nuvvu cash out cheskunte chupinchali.

kaadu value taggingi but havent yet cashed out ante u cannot show..

[TensionNahiLeneka]

Just now, argadorn said:

bitcin lo poyinayi   200 or 300 ....  enka 3 unayi usernmae password marchipoyina eppudu tax filing appudu em adugutahru  shares and stocks 

em adagadu. poyinayi ani cheppadame. and you have to save proof. adigite chupinchali anukunta. 

[Spartan]

1 minute ago, TensionNahiLeneka said:

correct neat year 3k profit vaste, inka manam tax kattalsina avasaram leda? 

appudu ne ne gain/loss 0 untadi kabatti no need to pay tax..but u still need to show the records of loss and gain..

[Spartan]

Just now, TensionNahiLeneka said:

em adagadu. poyinayi ani cheppadame. and you have to save proof. adigite chupinchali anukunta. 

crypto lo ...u need to pay tax only if u cash it out...

[TensionNahiLeneka]

1 minute ago, Spartan said:

appudu ne ne gain/loss 0 untadi kabatti no need to pay tax..but u still need to show the records of loss and gain..

ok cool. so appudu last year 3k loss ani chupinchi save chesukunna ,money labhame kada mari. 

[Ravi860]

wash sale rule valla baga bokka padathadi. you can't claim loss on everything

[argadorn]

3 minutes ago, Spartan said:

bitcoin in case nuvvu cash out cheskunte chupinchali.

kaadu value taggingi but havent yet cashed out ante u cannot show..

oh cash out cheyakapothay chupincharadha same with stocks kuda na 

[argadorn]

3 minutes ago, TensionNahiLeneka said:

em adagadu. poyinayi ani cheppadame. and you have to save proof. adigite chupinchali anukunta. 

iq lo 400 loss lo unna mari dani paristhiti enti