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re: Taxes. How do I minimize the pain?
Posted on 11/21/20 at 7:38 am to 1234567k
Posted on 11/21/20 at 7:38 am to 1234567k
Congrats, I’m now dumber after having read your thread.
I’m assuming you’re taking some big ST capital gains. If you are sitting on any losing positions, dump them (and don’t buy them again for 30 days or you’ll be in for even bigger surprises).
You don’t really have a lot options trying to avoid taxes after the fact. That should be done prospectively if you feel like it’s going to be a concern.
I’m assuming you’re taking some big ST capital gains. If you are sitting on any losing positions, dump them (and don’t buy them again for 30 days or you’ll be in for even bigger surprises).
You don’t really have a lot options trying to avoid taxes after the fact. That should be done prospectively if you feel like it’s going to be a concern.
2
Posted on 11/21/20 at 8:08 am to southernelite
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If you are sitting on any losing positions, dump them (and don’t buy them again for 30 days or you’ll be in for even bigger surprises).
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Could someone please elaborate on this statement? what's the surprise?
If you are sitting on any losing positions, dump them (and don’t buy them again for 30 days or you’ll be in for even bigger surprises).
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Could someone please elaborate on this statement? what's the surprise?
Posted on 11/21/20 at 8:19 am to southernelite
quote:
I’m assuming you’re taking some big ST capital gains. If you are sitting on any losing positions, dump them (and don’t buy them again for 30 days or you’ll be in for even bigger surprises).
I have dumped them. But please explain the surprises.
I still have a position in a stock that made and lost a lot of cash but it has made more than it lost. Should I sell before Dec 1st?
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