2022 Tax filing lo manaki labham vache points

[Barbarik]

1. Naa loss lo vunna stocks ammesa (malli same konna)

2.Crypto kuda ammesi , konna

3.HSA max 7300$ vesi, daani invest chesa

4.IRA kuda max vesa

inkemaina benefits vaduko galama? jara cheppandi

[thanks]

21 minutes ago, Barbarik said:

1. Naa loss lo vunna stocks ammesa (malli same konna)

2.Crypto kuda ammesi , konna

3.HSA max 7300$ vesi, daani invest chesa

4.IRA kuda max vesa

inkemaina benefits vaduko galama? jara cheppandi

Ammi ventane konalemu kada.. 1 month gap vundali anukunta to eligible 

[Peruthopaniemundhi]

1 hour ago, Barbarik said:

1. Naa loss lo vunna stocks ammesa (malli same konna)

2.Crypto kuda ammesi , konna

3.HSA max 7300$ vesi, daani invest chesa

4.IRA kuda max vesa

inkemaina benefits vaduko galama? jara cheppandi

Stocks losses can be deducted only up to $3000 kadha ?

moreover, Entha itemize deductions cheysina it won’t be more than standard deductions $27,700… so stocks sell cheyadham vall use undha..?

[fasak_vachadu]

India nuchi already calls started 

Sir please file through blah blah company ani vallaki mana phone numbers ela dorukuthai asalu 

 

india lo mosam chestharu ani vinna 

[LungiLingaraju]

Loss ammesi Enni days lopu konnav… if it is less than 30 days you will not be to claim the loss .. due to white wash or something

[ARYA]

Hsa invest chesava?

[Pandubabu]

6 hours ago, Barbarik said:

1. Naa loss lo vunna stocks ammesa (malli same konna)

2.Crypto kuda ammesi , konna

3.HSA max 7300$ vesi, daani invest chesa

4.IRA kuda max vesa

inkemaina benefits vaduko galama? jara cheppandi

1 and 2. If you have bought the same stocks you sold within 30 days,  you triggered wash sale. Aa loss claim cheyalev..

3. Max is what matters , investing does not matter

4. If it is roth ira, does not matter as it is post tax 

[Barbarik]

same stock konatle, vere stock kontunna... naaku two brokerage lo accts vunnai..

m1 lo tsla konna, robin lo google, amzn konna

ipudu ammesi, reverse chesa, robin lo tsla.. ala.. anduke safe side two accts lo managing.

[Barbarik]

Naa suggestion on tax filing... mana India nundi call chese vallaki ivvakandi. Naaku mana vallake ivvali ani vuntadi, vere vadiki business enduku ani..

 

But, ee case lo risk vaddu.. mana India valla daggara data leak, or vade mana data ni ammesukovachu...

if it is standard deduction, DIY... or go with some standard company

[phatposts]

labham nashtam kaadu - correct gaa file chesela choosuko. edanna claim cheste daaniki backing undela choosuko. 

Finalize a good tax advisor. Many people get confused with advisor and filer. Most of the low income earners use filer (aka preparer). They out the paperwork together but they are not advisors. Advisors stay in touch through out the year and help you understand explain things. Preparer/Filer files at the end of year. 

Get rid of those shops that claim to file for max benefit - they can turn out to be very dangerous. They will claim all BS expenses and file for maximization. With the current standard deductions, 75% of the time it does not make sense to itemize. 

If you have real estate investments that allow you to deduct a good bit, or other means then consider it. 

Labham techukune process lo dont step the line. If you step the line, do it knowingly and understand the risk. 

I saw many people use false claims which I am personally scared due to the high risk of audit. Some examples:

India lo property unte, India trip expenses ni write off. 
Earning W2, working from home all time - so a portion of rent for write off. 
Receipts lekunda food, travel expenses ki oka grand number petteyyadam etc. 

There is nothing wrong in maximizing your returns, dont be a fool and greedy to get the maximum return. 

 

 

[Gorantlamdhav]

3 hours ago, Barbarik said:

same stock konatle, vere stock kontunna... naaku two brokerage lo accts vunnai..

m1 lo tsla konna, robin lo google, amzn konna

ipudu ammesi, reverse chesa, robin lo tsla.. ala.. anduke safe side two accts lo managing.

whatever, but total loss max 3k deductible kada? Konchem math vesi example cheppu it’s confusing words

[Barbarik]

If you exceed the $3,000 threshold for a given year, don’t worry. You can claim the loss in future years or use it to offset future gains, and the losses do not expire.