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Posted on 1/19/21 at 6:20 pm to go ta hell ole miss
quote:
There are going to be a lot of Robinhood investors with big surprises on their tax bills this year.
I wont be one of them
Posted on 1/19/21 at 6:31 pm to dukke v
quote:
Brag much??????
What's bragging, standard deduction this for everybody? Must be missing something
Posted on 1/19/21 at 6:34 pm to Kujo
quote:
What's bragging, standard deduction this for everybody? Must be missing something
PeeJ is poor, on disability and is on welfare.
He doesn’t understand paying taxes.
Posted on 1/19/21 at 6:42 pm to Kujo
quote:
What's bragging, standard deduction this for everybody? Must be missing something
Peej is a fricking moron...
Posted on 1/19/21 at 8:05 pm to LSU316
quote:
It seems like the Feds did us a little better this year....I owe about 600 less than I did last year.
Just wait till 21 taxes. We will all owe a frick ton more with ole Joe elbow deep in our wallets.
Posted on 1/19/21 at 8:08 pm to poppa1254
Talk to us next year. Those Biden tax increases are gonna be sickening.
Posted on 1/19/21 at 8:10 pm to GEAUXT
quote:lemme guess. You’re one of the retards that think writing off 10-15k in interest given away each year is a good thing? Boy you really sticking it to the Government ain’t you?
Congrats on being too poor to itemize?
Posted on 1/19/21 at 8:12 pm to poppa1254
quote:
Standard ded for the missus and me $27,400.00.
This is simply untrue. $24,800
Posted on 1/19/21 at 8:15 pm to OceanMan
No. Since we’re both 65, there’s an additional $1300 apiece added. Ergo, $27400
Posted on 1/19/21 at 8:16 pm to poppa1254
Why exactly did you start a thread about the standard deduction?
Posted on 1/19/21 at 8:16 pm to OceanMan
quote:
This is simply untrue. $24,800
That's for under 65. Over gets a little more, because they're special.
Posted on 1/19/21 at 9:17 pm to poppa1254
I always enjoy a good OT income tax advice thread.
Posted on 1/19/21 at 9:18 pm to tgrbaitn08
quote:
Even if you just roll it over into another stock?
Yes
Posted on 1/19/21 at 9:21 pm to supadave3
quote:
Mostly still in Robinhood. I did withdraw $200 to see how quickly I could get to the cash if in a bind. I’ve since deposited a lot more than that.
Will I only have to pay taxes on the $200?
Assuming you weren’t the worst investor in the world in 2020, you’re going to have to pay short term capital gains on the sum of all your realized gains less your realized losses for stocks held less than a year. (I’m assuming you opened this account in 2020 like 90% of Robinhood guys)
Short term gains are taxed at your regular income tax rate - basically the worst possible way.
Posted on 1/19/21 at 9:21 pm to fallguy_1978
quote:
Yeah they'll send you a tax statement and you'll have to input your trades. Only the ones that you sold in 2020.
Well shite, I might have to go back to offshore football gambling. This is gonna suck.
Posted on 1/19/21 at 9:22 pm to supadave3
You really thought you could buy and sell stocks in a brokerage account without paying taxes on your gain?
Posted on 1/19/21 at 9:24 pm to tgrbaitn08
quote:
hedge funds
quote:
tgrbaitn08
Posted on 1/19/21 at 9:25 pm to supadave3
quote:
Well shite, I might have to go back to offshore football gambling. This is gonna suck.
Sometimes you get what you pay for.
Posted on 1/19/21 at 9:36 pm to slackster
I assume you don’t know much about me. Ask Glassman about the hedge funds I’m referring to. I may be able to help you.
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