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I have a question about trading stocks and taxes. client
hi i have a question about trading stocks and taxes. client activity buy 1000 shares ABC on 1/10/2015 @ $15 buy 200 shares ABC on 5/20/2015 @ $7 sell 200 shares ABC on 5/25/2015 @ $10 buy 200 shares A… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
Question 1)I sold a normal stock yesterday, through
Hello, question 1) I sold a normal stock yesterday, through my regular stock trading account. today its price fell again and i want to buy it again can i do it? if so does it make a difference if i bu… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
Good Morning Authur,Quick questionIf I bought 1000 share
Good Morning Authur, Quick question If I bought 1000 share of ABC in Nov 1, 2013 for $20/share Then I sold them on Nov 15, 2014 for $10/share Then I bought them back on Dec 15, 2014 for $10/share By d… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
Imistakenly hit buy when I was wanting to sell a stock for
Imistakenly hit buy when I was wanting to sell a stock for a tax loss in 2013. I had sold some of this stock 3 days earlier. does this make the sell a no go for tax loss ,since I bought in less than 3… read more
taxmanrog
taxmanrog
Master's Degree
1,192 satisfied customers
I bought and sold a stock generating a wash sale so now I have
I bought and sold a stock generating a wash sale so now I have a disallowed loss. Is that loss lost if I never buy a replacement stock? In other words, if I never buy a replacement stock where the los… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
2,885 satisfied customers
Hi! I have executed a IRON butterfly credit spread strategy
Hi! I have executed a IRON butterfly credit spread strategy on 143-147-151 . I execute 200 contracts @ 2.71. I close 100 contracts at 3.00 (loss of 0.29) after 15 days and rest I left it till expiry. … read more
Anne
Anne
Master Tax Preparer
1,328 satisfied customers
Please advise the details of the 30 day "wash rule" pertaining
Please advise the details of the 30 day "wash rule" pertaining to stocks. Can I purchase another stock in the same sector to mirror my coverage and not be in violation to the rule?… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
Stock wash sale question: I purchased and sold 300 shares
Stock wash sale question: I purchased and sold 300 shares of a stock twice in November 2011 resulting in a loss. If I never repurchase that stock again does that mean I can never take the loss because… read more
Jax Tax
Jax Tax
Senior Tax Attorney
Master's Degree
1,363 satisfied customers
I just suffered a devastating loss in a stock. I plan to hold
I just suffered a devastating loss in a stock. I plan to hold onto the stock in hopes that it will bounce back. My question, though, is should I sell and then re-buy the stock in order to "capture" th… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
For purposes of the wash sale rule and transactions involving
For purposes of the wash sale rule and transactions involving both a taxable and an IRA account, what constitutes substantially identical securities ? I am not conscerned with common stock but options… read more
socrateaser
socrateaser
1,031 satisfied customers
This year I have made hundreds of transactions that consisted
This year I have made hundreds of transactions that consisted of buying and selling apple call options. I have a number of wash sales as a result. I have read that as long as I close out ALL my Apple … read more
Anne
Anne
Master Tax Preparer
1,328 satisfied customers
I bought a stock and made $14,000.00 in profit. I then used
I bought a stock and made $14,000.00 in profit. I then used $5,000.00 of it to buy another stock then another $5-6000.00 of that profit to get back into the same stock. Do I pay taxes on the differenc… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
regarding 2008 tax year i retired in 2006; i began day
regarding 2008 tax year: i retired in 2006; i began day trading in July 2008; i experienced losses of $100,000 in my non-qualified investment account. recently i was told that losses from a particular… read more
Bill
Bill
Master's Degree
2,278 satisfied customers
I purchased 200 chares of OXY on 6/21/04, it split 2 for 1
I purchased 200 chares of OXY on 6/21/04, it split 2 for 1 on 8/16/2008, giving me a total of 400 shares at a cost of 24.19 per share. I sold those shares on 7/7/2008 at 84.14 the actual gain was 23,9… read more
RD
RD
Self Employed
Master's Degree
1,164 satisfied customers
If I sold a stock on March 4th, 2009 for $6.30 cents (bought
If I sold a stock on March 4th, 2009 for $6.30 cents (bought a over a year ago at $22 a share) and then rethought it next morning (March5th 2009) and bought it back for $6.70.Is'nt there a rule that i… read more
Bill
Bill
Master's Degree
2,278 satisfied customers
I own 10,000 shares of XYZ purchased @ $10.00 a share over
I own 10,000 shares of XYZ purchased @ $10.00 a share over 1 year ago. The stock drops to $1.00 a share and I buy 500 more shares on Dec 15th of 2008. I now (Dec 22nd) decide I want to sell enough sha… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
Jack enters into stock transaction March 22 purchased 100 ...
Jack enters into stock transaction: March 22: purchased 100 shares Silver Corp common stock for $2,800. April 5: sells 200 shares of Gold Corp stock for $8,000. The stock was originally purchased 2 yr… read more
Bill
Bill
Master's Degree
2,278 satisfied customers
I hired a registered investment advisory firm to make ...
I hired a registered investment advisory firm to make trades on my behalf in both taxable and non-taxable accounts. I do not have any trading authority in either account. They buy and sell the same st… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
2,885 satisfied customers
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