Boiler Room: The Official Stock Market Discussion

[the cool]

do i file for taxes on stocks last year if i lost money? i held for less than a year


i don't think im going to file

 

[ill]

do i file for taxes on stocks last year if i lost money? i held for less than a year


i don't think im going to file

If you lost money then you'll want to claim that so you can lower your overall taxable amount

 

[the cool]

If you lost money then you'll want to claim that so you can lower your overall taxable amount

Will I get in trouble if I don't claim? I lost 900 last year and got out the stock market game. Was only in there for 4 months. First and last time I ever play stocks

 

[ill]

Will I get in trouble if I don't claim? I lost 900 last year and got out the stock market game. Was only in there for 4 months. First and last time I ever play stocks

Your stock broker will send forms to the IRS showing you lost money so they'll be aware and will be looking for a matching line item on your taxes. You are legally required to declare the profit/loss on your equity holdings if sold during the taxable year.

I don't know why you wouldn't want to claim it... It'll lower your taxable income..Ex: Say you made 10k for the year, you can claim this 900 loss and now your total taxable amount is 9,100 (Thus you're gonna pay less taxes).

 

[Bunchy Carter]

Anyone buying Snap chat on thursday?

I bought 10 shares of snap on monday, when I saw it fell. I'm the buy and hold investor, so I'm not tripping. My other stocks and etf's are doing well, so it all balances out.

 

[N.J.stan]

Sold GSS for 62% profit after holding for over a year. Sold before earnings for a buck, now down around the 70 cent level. Seems to be finding support here, may have to dip back in.

GSS dipped to .69 early, ended the day at .735. Gonna see what it does tomorrow, but seems like this could be the bottom

 

[BushidoBrown]

Up to 25 back down to 24

my buy in 23


Edit: fukk this, I aint buying

 

[Akata Man Bromo]

Bought SNAP not sure if I should buy and hold or get out early

 

[ExodusNirvana]

Bought SNAP not sure if I should buy and hold or get out early

I want in but I would prefer it goes down to the teens first

 

[Akata Man Bromo]

I want in but I would prefer it goes down to the teens first

I'm in at 26 and some change About to cop some BAC now tho

 

[Akata Man Bromo]

I have a little something left over and brehs have a buy low stock with some long term potential

 

[ExodusNirvana]

I have a little something left over and brehs have a buy low stock with some long term potential

I was told that the market is gonna have a correction soon and I been reading that the volatility ETFs are at an all time low

I was actually thinking about getting some VIIX and holding on to it for a hot minute...say until 2018 when I heard shyt might get a little rough.

But I'm not an expert...

 

[Akata Man Bromo]

Anyone have TSLA? I might pull the trigger on that

 

[GunRanger]

What's the play brehs?

 

[ill]

SEC: Marijuana Vending Machine Company Made Up Bogus Revenue

This was one of those hot marijuana penny stocks a few years back. They made up the entire business.