Jump to content

Stock discussions


Vaampire

Recommended Posts

47 minutes ago, Chakram12 said:

@Spartan @Vaampire @sri_india

I thought I can only show $3000 losses max regardless my capitol gains.

But article says differently

 

Capital losses can offset capital gains
As anyone with much investment experience can tell you, things don't always go up in value. They go down, too. If you sell something for less than its basis, you have a capital loss. Capital losses from investments—but not from the sale of personal property—can be used to offset capital gains.
If you have $50,000 in long-term gains from the sale of one stock, but $20,000 in long-term losses from the sale of another, then you may only be taxed on $30,000 worth of long-term capital gains.
$50,000 - $20,000 = $30,000 long-term capital gains
If capital losses exceed capital gains, you may be able to use the loss to offset up to $3,000 of other income. If you have more than $3,000 in excess capital losses, the amount over $3,000 can be carried forward to future years to offset capital gains or income in those years.
 

https://apple.news/AN_jxrXc6RNip-0KzzB6-wg

Deene medha details last year idhe thread lo vesaa bro with examples around ....you can carry forward remaining losses .... Let's say you have 30000 losses , 3k this year and 27k carry forward , next year 40k profits ... 40k -27k losses from last year = 13k profits for tax that year

Link to comment
Share on other sites

28 minutes ago, sri_india said:

Deene medha details last year idhe thread lo vesaa bro with examples around ....you can carry forward remaining losses .... Let's say you have 30000 losses , 3k this year and 27k carry forward , next year 40k profits ... 40k -27k losses from last year = 13k profits for tax that year

next year kuda 3k chupinchalema..instead of 27k :P

Link to comment
Share on other sites

41 minutes ago, Howle said:

Twitter is way too low. Is it good time to enter?

Its always tricky entering at 1yr low price for any stock. Most of them will be at 1yr low price because something could have gone wrong. Like missed earning reports or failed fda approval or something. So we will not be sure if it further goes down. 
 

coming to twitter, its almost 50% down compared to high price. Considering the blood bath this week, i would wait for market to settle down before adding stocks like twitter

  • Thanks 1
Link to comment
Share on other sites

8 hours ago, sri_india said:

Deene medha details last year idhe thread lo vesaa bro with examples around ....you can carry forward remaining losses .... Let's say you have 30000 losses , 3k this year and 27k carry forward , next year 40k profits ... 40k -27k losses from last year = 13k profits for tax that year

  • You can reduce any amount of taxable capital gains as long as you have gross losses to offset them. For example, if you have a $20,000 loss and a $16,000 gain, you can claim the maximum deduction of $3,000 on this year’s taxes, and the remaining $1,000 loss in a future year. Again, for any year the maximum allowed net loss is $3,000.
Link to comment
Share on other sites

3 minutes ago, dkchinnari said:
  • You can reduce any amount of taxable capital gains as long as you have gross losses to offset them. For example, if you have a $20,000 loss and a $16,000 gain, you can claim the maximum deduction of $3,000 on this year’s taxes, and the remaining $1,000 loss in a future year. Again, for any year the maximum allowed net loss is $3,000.

neenu chepindi idhe kadha .....  

  • Upvote 1
Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
×
  • Create New...