Capital Gains and Losses

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I am a self-employed stock/options/futures trader and
I am a self-employed stock/options/futures trader and investor. My full time job is trading and investing my own money and I currently file my personal income taxes using Form 1099.My father and I wan… read more
JeffS6413
JeffS6413
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In August, 2020, I bought some AIG+ warrant shares and in
In August, 2020, I bought some AIG+ warrant shares and in January, 2021 they expired, so it was a complete capital loss. However, I would love to be able to take at least some of that loss in 2020 ins… read more
JeffS6413
JeffS6413
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I have two questions about capital loss realization. (1) So
Second opinion] Hi, I have two questions about capital loss realization.(1) So let's say i have a wash sale loss of $10,000 as of now, and I immediately buy a replacement stock and sell it for a profi… read more
Arthur Rubin
Arthur Rubin
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Doctoral Degree
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I have a capital gains/losses question for the 2018 tax
I have a capital gains/losses question for the 2018 tax year. Let's say I started 2018 out with $7000 in my brokerage account. Throughout the year, I buy and sell several stocks, ending up with short … read more
Alexander Efros
Alexander Efros
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I have received an AUR notice for missing capital gains in
I have received an AUR notice for missing capital gains in 2015. The IRS estimated a $20,000 capital gain from sale of stock, with a balance of around $8,000. The root issue was due to wash sales that… read more
Brian Michels
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I had a stock trading account for several months in 2016. I
I had a stock trading account for several months in 2016. I pass the material participation test, and was responsible for all trading in the account. The result was a $13,366. capital loss. Can I dedu… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
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1). How can Investments/Returns/Gains in the NON-US Mutual
1). How can Investments/Returns/Gains in the NON-US Mutual funds NOT be treated as investments under the Passive Foreign Investment Company (PFIC)? What documents should the the NON-US Mutual funds su… read more
Barbara
Barbara
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When is profit from the sale of shares on a stock exchange
When is profit from the sale of shares on a stock exchange taxed as Capital Gains, and when is it taxed as Income?… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
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I bought 1/2 position in 2012 and another 1/2 position in
I bought 1/2 position in 2012 and another 1/2 position in 2014. The stock was merged/taken over in 2015. The merger was 1 for 1 and an additional 16.50 in cash. I sol not shares. My 1099 form stated t… read more
Stephen G.
Stephen G.
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Bachelor's Degree
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In 2014, I had a net short term capital loss of approx.
In 2014, I had a net short term capital loss of approx. $54,000, line 7 of my schedule D. In 2015 I had did not buy nor sell any stocks and had no gains nor losses. Can I still carryover my loss and c… read more
Tax.appeal.168
Tax.appeal.168
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I have approx. $11K in LT capital gains and $3K in ST
I have approx. $11K in LT capital gains and $3K in ST capital gains for 2015. In March, I had RSU's that vested at about $58/share (and paid ordinary tax on that value). The stock today is trading at … read more
Robin D.
Robin D.
Vocational, Technical or Trade School
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I bought a certain stock of 75 shares say $70 each, earlier
I bought a certain stock of 75 shares for lets say $70 each, earlier this year. Then i bought another 70 shares, at say, $65. Now lets assume the share price is 55. so i am at a loss on both trades if… read more
Stephen G.
Stephen G.
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Bachelor's Degree
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I bought and sold pfic stocks in the same year 2015, now I
I bought and sold pfic stocks in the same year 2015, now I don't have any. most of stocks have losses, but two of them have very small gains. about two of the pfic stocks have a little distributions (… read more
Robin D.
Robin D.
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Just retired, and a portion of my investment was in a stock
Just retired, and a portion of my investment was in a stock program and was not in a qualified account. I opted to take a lump sum, and of course prepared to pay the taxes on it. That income, if place… read more
Jonathan Tierney
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two questions about stock trading:- i read somewhere that
two questions about stock trading: - i read somewhere that "Keep records of reinvested dividends that you've already paid taxes on so you won't be taxed on them again when you sell the security. " thi… read more
Stephen G.
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Hi, you seem to know a lot about the market to market election
Hi, you seem to know a lot about the market to market election for day traders. I know that the election must be made prior to the tax filing deadline. What form must be used to for the filing of M2M.… read more
jgordosea
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In 2011 I purchased a PFIC which is a QEF and I still hold
In 2011 I purchased a PFIC which is a QEF and I still hold it. It paid no income, dividends, etc. Do I need to file a 8621 with my 2011 return or only file it for a year in which a gain, loss or incom… read more
USTaxAdvising
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On IRS Form 8621, how do I report a Mark-to-Market Election
On IRS Form 8621, how do I report a Mark-to-Market Election for a Section 1296 PFIC stock purchased and sold at a loss within the current tax year? I assume the following: (1) I would fill out items 8… read more
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