Jimmy Hoffa Posted February 17, 2021 Report Share Posted February 17, 2021 3 minutes ago, IAG said: Actually that was all very calculated. Need some capitol losses to offset ? Silver lining... Quote Link to comment Share on other sites More sharing options...
housepicks Posted February 17, 2021 Report Share Posted February 17, 2021 Ugh Quote Link to comment Share on other sites More sharing options...
WeinkeToWarrick Posted February 17, 2021 Report Share Posted February 17, 2021 My cost per share of clov is $15.1 since I bailed on 1/3rd...bout to bail on the rest Quote Link to comment Share on other sites More sharing options...
housepicks Posted February 17, 2021 Report Share Posted February 17, 2021 https://atomerastockreport.wordpress.com/ Quote Link to comment Share on other sites More sharing options...
housepicks Posted February 17, 2021 Report Share Posted February 17, 2021 If you don’t have two fists full of ATOM you’re a real asshole. Quote Link to comment Share on other sites More sharing options...
zzmocashzz Posted February 17, 2021 Report Share Posted February 17, 2021 On 2/16/2021 at 12:52 PM, Jimmy Hoffa said: OIL good call, i agree, i bought some shell last week, hoping for another dip before lift off Quote Link to comment Share on other sites More sharing options...
housepicks Posted February 17, 2021 Report Share Posted February 17, 2021 Buy more Airi Quote Link to comment Share on other sites More sharing options...
housepicks Posted February 17, 2021 Report Share Posted February 17, 2021 WiFi or golf club stocks? idk...ask Jimmy Quote Link to comment Share on other sites More sharing options...
rjt Posted February 17, 2021 Report Share Posted February 17, 2021 On 1/21/2021 at 12:04 AM, rjt said: Bought FUNFF at .92 today. Canadian gambling/esports play. Canada sports betting bill expected to pass in coming months. TSCRF should also continue to run up FUNFF starting to take off. Canada is voting on sports betting bill today before it goes to the senate. Big position for me Quote Link to comment Share on other sites More sharing options...
Sam Losco Posted February 17, 2021 Report Share Posted February 17, 2021 34 minutes ago, rjt said: FUNFF starting to take off. Canada is voting on sports betting bill today before it goes to the senate. Big position for me it passed Quote Link to comment Share on other sites More sharing options...
Roach23 Posted February 18, 2021 Report Share Posted February 18, 2021 Fidelity just posted 1099s for last year. The f'in govt is getting a nice capital gains tax check from Roach. Quote Link to comment Share on other sites More sharing options...
brokerstip Posted February 18, 2021 Report Share Posted February 18, 2021 10 hours ago, Roach23 said: Fidelity just posted 1099s for last year. The f'in govt is getting a nice capital gains tax check from Roach. Good problem to have if you’re paying tax Quote Link to comment Share on other sites More sharing options...
WVU Posted February 18, 2021 Author Report Share Posted February 18, 2021 remember stocks held for longer than a year and sold will only cost about 10% in taxes. Less than a year and it is your normal tax rate which is likely about 30% Quote Link to comment Share on other sites More sharing options...
WeinkeToWarrick Posted February 18, 2021 Report Share Posted February 18, 2021 Is TWST still gonna be a 1k stock? Is it time to bail on CLOV? Is it time to take profits on STPK and be done? I need answers please Quote Link to comment Share on other sites More sharing options...
IAG Posted February 18, 2021 Report Share Posted February 18, 2021 16 minutes ago, WVU said: remember stocks held for longer than a year and sold will only cost about 10% in taxes. Less than a year and it is your normal tax rate which is likely about 30% Don’t you think most all posters in this thread would fit in the 15 percent group for LTG? Plus any applicable state taxes. Dreading calculating crypto taxes. At least I’m in a no state income tax state. Quote Link to comment Share on other sites More sharing options...
WVU Posted February 18, 2021 Author Report Share Posted February 18, 2021 10 minutes ago, IAG said: Don’t you think most all posters in this thread would fit in the 15 percent group for LTG? Plus any applicable state taxes. Dreading calculating crypto taxes. At least I’m in a no state income tax state. you are probably right. Either way, this taxing method is archaic and needs tweaked. I learned today that many short sellers don't pay taxes on gains like everyone else because of some dumb loophole. Quote Link to comment Share on other sites More sharing options...
IAG Posted February 18, 2021 Report Share Posted February 18, 2021 7 minutes ago, WVU said: you are probably right. Either way, this taxing method is archaic and needs tweaked. I learned today that many short sellers don't pay taxes on gains like everyone else because of some dumb loophole. AMEN!!! Quote Link to comment Share on other sites More sharing options...
brokerstip Posted February 18, 2021 Report Share Posted February 18, 2021 25 minutes ago, IAG said: Don’t you think most all posters in this thread would fit in the 15 percent group for LTG? Plus any applicable state taxes. Dreading calculating crypto taxes. At least I’m in a no state income tax state. I'm assuming you check the box on your return stating you have Crypto? WVU - you check that box? Would you check the box if I've never deposited or withdrew money from Crypto? Won money in JF, had someone pay me and pay people out of that. I did have gains on it though by the time I sent it out. Quote Link to comment Share on other sites More sharing options...
brokerstip Posted February 18, 2021 Report Share Posted February 18, 2021 36 minutes ago, WeinkeToWarrick said: Is TWST still gonna be a 1k stock? Is it time to bail on CLOV? Is it time to take profits on STPK and be done? I need answers please I ended up breaking exactly dead even on CLOV. I was up over 50% on the stock at one time (couple months ago) and then sold when it hit my cost average. One rule I've tried to learn by the past year or so is don't turn a winning stock into a losing stock. I do still think it goes $20+ but the opportunity cost of holding vs. something else to me isn't worth it anymore. Just my opinion but you can do whatever you want. I added more to TRCH and will hold until mid-March and sell at $10 Quote Link to comment Share on other sites More sharing options...
IAG Posted February 18, 2021 Report Share Posted February 18, 2021 14 minutes ago, brokerstip said: I'm assuming you check the box on your return stating you have Crypto? WVU - you check that box? Would you check the box if I've never deposited or withdrew money from Crypto? Won money in JF, had someone pay me and pay people out of that. I did have gains on it though by the time I sent it out. Yes. I reported gains for 2017 and 2018 when 98 percent of people didn’t...then again I had a giant paper trail thru my bank and use mainstream exchanges..lol. I wouldn’t have even considered not reporting...there was no box to check then. Last year they put the box on a schedule, and now they are putting front and center. I would rather be safe than sorry and check it. I don’t know how much in gains you are talking about, and what your offramp (to fiat) was, or if you just paid other people with it. Ultimately anything can be traced back to most people. Even if you don’t claim gains I would be skeered not to check box. Pretty sure that’s under penalty of perjury...IRS has bigger fish to fry, but they are cracking down for sure. Quote Link to comment Share on other sites More sharing options...
brokerstip Posted February 18, 2021 Report Share Posted February 18, 2021 my crypto gains are so small. I never personally bought or sold any of it; got it transferred to me and then I transferred it back out. I've checked the box the last couple years but never report gains/losses on it Quote Link to comment Share on other sites More sharing options...
brokerstip Posted February 18, 2021 Report Share Posted February 18, 2021 my swings have been getting crushed the past couple of days; still holding on all of them but tough to watch my tickers throughout the day as they continue to bleed red Quote Link to comment Share on other sites More sharing options...
mikeman Posted February 18, 2021 Report Share Posted February 18, 2021 1 hour ago, WVU said: remember stocks held for longer than a year and sold will only cost about 10% in taxes. Less than a year and it is your normal tax rate which is likely about 30% Long term gains are taxed at 0% in the lowest bracket. As are dividends. Quote Link to comment Share on other sites More sharing options...
WVU Posted February 18, 2021 Author Report Share Posted February 18, 2021 26 minutes ago, brokerstip said: I'm assuming you check the box on your return stating you have Crypto? WVU - you check that box? Would you check the box if I've never deposited or withdrew money from Crypto? Won money in JF, had someone pay me and pay people out of that. I did have gains on it though by the time I sent it out. I wouldn't worry about a transaction between individuals, but if you bought coins on an exchange, say CoinBase, you definitely want to as the IRS forces coinbase to share info. Quote Link to comment Share on other sites More sharing options...
WVU Posted February 18, 2021 Author Report Share Posted February 18, 2021 3 minutes ago, mikeman said: Long term gains are taxed at 0% in the lowest bracket. As are dividends. the gains aren't that big if you still don't owe taxes Quote Link to comment Share on other sites More sharing options...
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