If the stock has gone down a lot from the price the shares were granted, does it make sense to sell and sustain a loss if I want to tax loss harvest? I can buy back on a different exchange or another time. YOE 6 TC 300 #cpa #irs #tax
Help me. Have significant losses like most people this year but I haven't sold anything other than crypto to get it out of binance due to loss of faith in these crypto brokerages/exchanges. TC: 470K (Lot of paper money though)
https://www.cnbc.com/2022/08/09/coinbase-coin-earnings-q2-2022.html - Coinbase’s revenue declined almost 64% in the quarter as cryptocurrency prices fell. - The exchange operator lowered its full-year forecast for transacting users. - Coinbase said during the quarter it was trimming 18% of headcoun...Read more
Why is today a national day of mourning for a one term president? We shut down all stock, bond and commodity exchanges. While we have the deepest sympathies for the loss, why is this a national holiday for financial markets?
Still holding Bitcoin for long term but might as well make some money both directions. To anyone curious how I am doing it, I buy BTC short tokens which are available on various exchanges. You could also do futures although that opens you up to unlimited loss. #crypto #bitcoin #altcoins
What do you think it will be? Some candidates in my mind: - San Andrea's fault will cause a magnitude 9.0 earthquake, triggering a tsunami that sweeps across the Pacific. Millions will die. - Artificial consciousness achieved, bound by virtually unlimited compute power, human loss control and beca...Read more
1M cash right now In exchange for… A permanent 75k nerf on TC when TC >300k Note in the latter case, the effect would be up to 40k loss in income post-tax when considering marginal taxes. So it would take 25 years for you to get 1M this way. In the former case, you could get 5-10% returns comp
I am sick of seeing exorbitant fees for trading cryptos on Coinbase. What is the best low-fee exchange I can use that: 1. supports a vast majority of altcoins 2. Non-shady 3. Open to US residents 4. Allows conditional (stop-loss) orders So far I’m trying out Bittrex and that seems to be leading th...Read more
Anyone have experience with using exchange funds (not ETFs) or tax loss harvesting for diversifying from a concentrated position? How has it worked out to you? Did you work with a financial planner? Feel free to share your experience via DM if you’d prefer. TC: 400K
In light of the present circumstances, it would be beneficial to exchange stories of job loss, discuss strategies for navigating the current job market, request recommendations, etc. Out of respect for the gravity of the issue, it would be appreciated if the response could include relevant details ...Read more
Robinhood is not a tech company. It is Wall steet. It is meant as a way to take money from tech workers. High frequency traders are front-running your orders and hitting stop loss orders on options and lower volume stock trades. Securities Information Processor (SIP) price is what decides Nationa...Read more
I had invested about $10k in a shit coin called GEMS during the ico in 2017. They rebranded as expand later https://expand.org/. This was a scam but I had 100k of these coins allotted to me. They are probably worth $30 now. Is there anyway to claim this loss since this was not via an exchange like ...Read more
Worst piece of advice ever. You lose when the value of the equity and shares you hold drops. It doesn't matter if you sell or not. Because the value of what you have is driven by supply and demand. Doesn't matter if it's a Ponzi scheme or not. Doesn't matter if it might "rise" up in value in the fu...Read more
I made $600k and lost $900k. For a total loss of $300k. At the start of the pandemic I aggressively betted on a recovery and deployed my life savings. I worked and lived frugally for over two years with my savings rate well over 90% and great investment returns. Working a job has been the worst aspe...Read more
I feel like they've diluted their brand as a reliable, long-term public equity exchange (Edit: broker*). It would seem much more suitable if they played to the free-thinking audience in crypto markets. A roadblock I see is being able to maintain their commission-free stance if they did this. I assu...Read more
Poll: There is a bad side of crypto. You'll loose money, spending most of the time researching about coins, estimating future value of some xyz coin and getting depressed if it doesnt worked as expected. And lastly Day Trading. IT SUCKS. But you'll eventually learn from it. Most of the newbies do...Read more
I'm very confused how tax on RSU and ESOP work in India. For RSU, is it the price at the time of allotment that is used for calculation or the time of vesting? What is the tax rate on stocks like Google, that are not traded on Indian exchanges. Some people mention they have higher tax rate. For ESO...Read more
Hi, I wanted to declare crypto tax loss in this year tax return. I lost around 1.5k (last year) and made thousand of transactions (mostly small amount btw ETH-alt coins) and transferred between different exchanges such as coinbase,binance,kucoin. The problem is that filling all of them in tax retu...Read more
Title says it all.. Compare today’s closing price with prices around March 4 and all these exchanges have almost crossed old highs.. all major funds have also crossed March 4th level Is market going to continue like this? it looks if corona wasnt there then market may not have been that good as its...Read more
Im tryjng to discolose the RSU vested details in FA in ITR2. I have some confusions here I selected column A3 and while filling up the details i got confused . I need these following details : 1. "Initial Value of Investment" - is it vested RSU details after tax deduction 2. "Closing Value" - ...Read more