Stocks - Today is last day for Tax loss selling

[idibezwada]

3 minutes ago, sri_india said:

ee year tax reduce chesukovali anukunteee , ivalee last day .... next year ki overflow next year tax loki pothadi kaani , eee year tax reduce kadhu gaaa

not true..last yearvi untai kada...confidence unte taxes kosam ammadam pedha biscut

[sri_india]

Just now, idibezwada said:

not true

[sri_india]

5 minutes ago, idibezwada said:

not true..last yearvi untai kada

lol .... ala antavaa .... yeah , last year chesukovachu if they have more than 3K to overflow ..... but eee year ee chala mandi start chesaru kadha....

 

but this post is mainly for people who are planning to sell their stocks in loss to reduce profits and final tax amount .... like I already have YYY realized gains and XX unrealized loss .... I sold XX to reduce my relaized gains for this year

[astalavistaa]

1 hour ago, 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

thanks man. unna junk vadilinchesaa 

[sri_india]

8 minutes ago, astalavistaa said:

thanks man. unna junk vadilinchesaa 

good job bro ....

 

[AndhraneedSCS]

10 minutes ago, astalavistaa said:

thanks man. unna junk vadilinchesaa 

Edi junk oo edi kado kuda telisi chavadam ledu ikkada ... 

[idibezwada]

42 minutes ago, sri_india said:

lol .... ala antavaa .... yeah , last year chesukovachu if they have more than 3K to overflow ..... but eee year ee chala mandi start chesaru kadha....

 

but this post is mainly for people who are planning to sell their stocks in loss to reduce profits and final tax amount .... like I already have YYY realized gains and XX unrealized loss .... I sold XX to reduce my relaized gains for this year

oh..that aa

[sri_india]

1 minute ago, AndhraneedSCS said:

Edi junk oo edi kado kuda telisi chavadam ledu ikkada ... 

to be frank , 60% is junk in market now .. fed is saving us

[AndhraneedSCS]

1 minute ago, sri_india said:

to be frank , 60% is junk in market now .. fed is saving us

I buy things that I believe in. Even if it is junk, I am invested for a long time unless the fundamentals change or I don't like the way companies behave (becoming too complacent) 

[Darling999]

Nenu Anni stocks ammesa and still at a loss of -3.3k. So avi claim cheyyicha?
 

Or Avi Malli invest meant chesyina still loss ey kabatti e rojuki can we include them on Loss for Tax reduction?

[sri_india]

9 minutes ago, Darling999 said:

Nenu Anni stocks ammesa and still at a loss of -3.3k. So avi claim cheyyicha?
 

Or Avi Malli invest meant chesyina still loss ey kabatti e rojuki can we include them on Loss for Tax reduction?

malli immediate gaa avve stock kontee , difference amount wash sales avuthayi .... chusukooo bro

[Vaampire]

22 minutes ago, Darling999 said:

Nenu Anni stocks ammesa and still at a loss of -3.3k. So avi claim cheyyicha?
 

Or Avi Malli invest meant chesyina still loss ey kabatti e rojuki can we include them on Loss for Tax reduction?

U can claim 3k for this year and 300 for next year if u dont buy same stocks with in 30days after sellinf

[Darling999]

20 minutes ago, Vaampire said:

U can claim 3k for this year and 300 for next year if u dont buy same stocks with in 30days after sellinf

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

[Darling999]

37 minutes ago, sri_india said:

malli immediate gaa avve stock kontee , difference amount wash sales avuthayi .... chusukooo bro

Ee sangathi telavaka Malli Konna Oka stock to day trade it. Nenu claim cheyyacha?

[nokia123]

2 hours ago, AndhraneedSCS said:

If you have 1K loss, your taxable income will decrease by 1K.

 

If you have 5K loss, your taxable income will decrease by 3K (and you can use the remaining 2K next year) 

 

If you have 10K loss, your taxable income will decrease by 3K ( rollover 3K to 2021, 3K to 2022, 1K to 2023) ..

You can use it up over the rest of life if you continue to be in losses. If you have profits, you can offset all your carried over losses and pay taxes only for remaining profits 

 

 

How can we claim this year losses in upcoming years ? How would they verify?