SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : Trading 101
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: herry iball who wrote (385)11/2/1999 6:12:00 PM
From: Ga Bard  Read Replies (1) of 406
 
Ok on your tax return you have to provide a form Schedule D work sheet for the schedule D ... in that sheet you list your buys and your sells. It does not matter what you do really unless you are trying to take a loss but you bought back in.

If your annual gain is 2K then you pay the tax on 2K but you can only deduct 3K even if you lose 20K.

I do noy worry about taking a loss in stocks. I have not have a loss since I have been trading.

The way I understand it is all they care about (the IRS) is the amount of gain you made.

EX>
buy 100 @ 1
buy 100 @ .75
buy 100 @ .50

Sell 300 @ .75

then you made a loss of the cost of the trade because you did not make a gain.

You need to consult a CPA because that is what I do and let them handle this. I just provide the schedule D work sheet for them of each trade I made during the year.

:-)

GB
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News