 Who trades FOREX and can you tell me your experiences? |
| I am just learning about trading FOREX and would like to know from those who are both novices and pros at it, what to look out for, what to know and wish you knew from the beginning and if it is ... |
|
 Why is Houston real estate so cheap? |
| I'm from Florida and i am astonished, in shock, about the real estate prices in Houston. There's got to be a reason this property is so cheap, but I havent heard anything bad about Houston ... |
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 Sensex will be increase or fall down within 2-4 months? |
what you think?
sensex will be increase or fall down within 2-4 months?
as per your knowledge & STUDY!... |
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 Short term investment? |
| I have a windfall of funds available for a short term investment (1 year). What are the best options?... |
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 What is bad about day trading.? |
| what is bad about day trading. i am a day trader and a beginer. what should i keep in mind when i day tradinf. i heard that i a have to pay aalot of tax or something like that.... |
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 Option trading? |
| Hello everyone. I have been buying stocks for my portfolio for about 3 years now. However, for the past year or so, I've been hearing a lot about Options. Are Options for short term traders ... |
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 What's a good stock market trading website for a beginner.? |
| I'm basically interested in the markets as a small investor. The sort of thing i'm looking for is the best sites that teach the fundamentals about trading the markets and how to ensure i ... |
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 Is taking bank loan profitable than borrowing from friends and giving them the interest? |
Additional Details
The interest given to friends is the same as what the bank offers to its savings a/c customers. But is taking loan from bank better considering the interest rate we ... |
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 Has anyone discovered a system for sale for trading stocks and/or futures that actually works? |
| I've seen many systems available to the average Joe Trader. I know that many or most don't work but I also know that many people make good money using some systems. Just wondering if ... |
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 Is oil futures a safe investment, in this economy? |
| I am being told that buying a few dollars of futures can make one some extra bucks, is this so?... |
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 Who exactly profits from a share of stock that is sold at a profit??? |
A share of IBM stock is purchased through the NYSE by an individual investor for $75 and sold one month later through the NYSE for $125. Who profits from this sale?
A. IBM
B. The first ... |
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 How does one become a stock market trader? |
| I work full time in a reasonably well paid job, but I have always had an interest in making money on the stock market. The problem is I know nothing about it. I have seen loads of software available ... |
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 Bought Apple & Google at highs..sell or hold? |
| Woe is me. I finally got in to market and bought Google and Apple at their highs. Sell and lick my wounds or hold???... |
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 Buy car with or without loan? |
Bare with me here, assuming:
-I have 10k in my savings account.
-I want to buy a car worth 10k.
-I can take out a car loan worth 10k and pay 7 percent interest per ... |
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Utopia | How do taxes work when you have losses in the stock market? |
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Rabbit
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I remember a gasp I made when opening up a brokerage statement several years ago, when I had started traded again. The brokerage had merely reported to the IRS, by way of that form I had a copy of, how much I received in stock trades. I called my tax preparer and almost shrieked about how that was going to affect my taxes that year. "Relax, you simply tell me what the basis value was--what you paid for those stocks." When I then tallied up the purchases, then the reality struck, "[myself], you may have made money this first year, but you didn't make enough that you need to be afraid of the IRS." Several decades earlier, the tax laws were different, the IRS wanted to know what the value of my holdings were at year's end. That was one of the reasons why I stopped trading stocks back then, the IRS wanted money from me whether I had realized any gains or not. Today, however, the key (usually, Treasury Inflation Protected bonds, or TIPS, are different), the IRS is more interested in taxing you on realized gains. BTW, if you are hoping to take a tax loss for a trade, but you got back in before 30 days, something new day traders often get snagged on (although I am not a daytrader)--those are not deductible losses, per se. |
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MEP_at_work
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Stock market losses (capital loss) can offset your regular income, up to a point. You can also use the losses to offset capital gains (like making money on another stock).
From the IRS web site: "If your capital losses exceed your capital gains, the amount of the excess loss that can be claimed is limited to $3,000, or $1,500 if you are married filing separately. If your net capital loss is more than this limit, you can carry the loss forward to later years. "
So lets say you make $100k per year at your job, made $10k in gains from AAPL stock, and lost $20k in YHOO stock. You use the $20k loss to completely offset your $10k gain, and you can further claim a $3k loss against your salary. So your reported income would be $97k, with $17k carried over to future years. If you make $17k in stock gains next year, you can use the carryover loss to completely wipe it out. |
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stephenweinstein
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When you sell the stock, you report the amount for which you sold it and your basis (generally, the amount for which you purchased it) on Schedule D. You total the gains and losses. If you have both, the losses reduce the amount of gain on which you pay tax. If you have more in losses than in gains, then the first $3000? (this figure may have changed) of losses per year reduce the amount of income on which you have to pay tax and the rest of the losses rollover to the next year. |
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surveyman5285
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This real simple
non profit = no capital gain= no tax ! |
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imsety
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there are different forms you need to file, to be on the safe side go to the tax preparer. |
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baron77g
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I am not a tax adviser etc., but short term and long term loses in the stock market are deductible against income, as long as your adjusted income falls withing the IRS guidelines. Best advice, see a good accountant. |
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Franco
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It depends in which country you live doll. |
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