Vaampire Posted December 24, 2021 Author Report Posted December 24, 2021 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 Posted December 24, 2021 Report Posted December 24, 2021 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 Posted December 24, 2021 Author Report Posted December 24, 2021 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 1
pandemkodi Posted December 24, 2021 Report Posted December 24, 2021 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 Posted December 24, 2021 Report Posted December 24, 2021 @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 Posted December 24, 2021 Author Report Posted December 24, 2021 43 minutes ago, pandemkodi said: Washsale 45 days kada ? https://www.investopedia.com/terms/w/washsalerule.asp 30 days
Vaampire Posted December 24, 2021 Author Report Posted December 24, 2021 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. 1
Spartan Posted December 25, 2021 Report Posted December 25, 2021 4 hours ago, Anta Assamey said: Aa madya EV kosam okati anukunam.... Marchipoya... @Anta Assamey FDRV na
Spartan Posted December 25, 2021 Report Posted December 25, 2021 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 Posted December 25, 2021 Report Posted December 25, 2021 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 Posted December 25, 2021 Report Posted December 25, 2021 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 Posted December 25, 2021 Report Posted December 25, 2021 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 Posted December 25, 2021 Report Posted December 25, 2021 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.. 1
Anta Assamey Posted December 25, 2021 Report Posted December 25, 2021 14 minutes ago, Spartan said: @Anta Assamey FDRV na Yes...
Hindhustani Posted December 25, 2021 Report Posted December 25, 2021 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 ?
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