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Tax question: Say I invest $10 in AMC, price shoots up to $15 the next day so I sell and pocket the profits of $5. In that case, I’d pay taxes on $5, capital gains, right? Now say I take the $5 and immediately buy $5 worth of GameStop, and it tanks to $2 same day, so I sell for a loss of $3. Overall, within a few days, I’m still up $2. So do I just pay capital gains on $2 come tax season? I guess what I’m asking is does the IRS just care about the overall gain/loss on stocks bought and sold within a year?
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Mar 22, 2021 17:19
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melon cat posted:and the wholesale rates for selling back to the grid have fallen so much that the payback period for solar is absurdly high. Allowing your energy monopoly to buy your electricity for less than market is the problem. At least here they made them give me market rate for when I provided it (so electricity generated at noon in the summer is worth a lot, and is also when these panels pump like crazy). They made me sign a contract that I can't take any of it with me, or transfer the credit to the next homeowner, but it still makes it worthwhile.
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Mar 22, 2021 17:22
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nwin posted:Tax question: Keep this in mind. https://www.investopedia.com/terms/w/washsale.asp
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Mar 22, 2021 17:24
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nwin posted:I guess what I’m asking is does the IRS just care about the overall gain/loss on stocks bought and sold within a year? That’s right, net realized gains/losses. If you bought GME and the price dropped and you didn’t sell to realize the loss in the same year then you would be on the hook for taxes on the $5 gain.
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Mar 22, 2021 17:26
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This looks like what I thought a stimmy day would be, a relatively steady tick upwards.
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Mar 22, 2021 18:02
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Sold my position in campbells after five days of upward movement. Not because I've got any less confidence that it's going to continue to be a good play as we move into 2022 but rather because it tends to move very cyclically and I expect I'll be able to pick up the same number of shares for cheaper than my prior average as we continue opening up the economy and investors continue to find confidence.
reignofevil fucked around with this message at 18:06 on Mar 22, 2021 |
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Mar 22, 2021 18:03
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Got rid of all my AMC for a loss, that poo poo isn't gonna hit what I bought for anytime soon. Throwing everything from that into SNDL, blaze it.
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Mar 22, 2021 18:18
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Leal posted:Got rid of all my AMC for a loss, that poo poo isn't gonna hit what I bought for anytime soon. Throwing everything from that into SNDL, blaze it. Godspeed with the SNDL
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Mar 22, 2021 18:29
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Variable 5 posted:Keep this in mind. I've heard about the intricacies of the US tax system, but sheesh. How are you guys able to just fill in your taxes with all these exotic rules that you may not even know about?
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Mar 22, 2021 18:32
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John F Bennett posted:I've heard about the intricacies of the US tax system, but sheesh. How are you guys able to just fill in your taxes with all these exotic rules that you may not even know about? You don't, you're expected to spend 50 bucks on Turbotax
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Mar 22, 2021 18:35
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John F Bennett posted:I've heard about the intricacies of the US tax system, but sheesh. How are you guys able to just fill in your taxes with all these exotic rules that you may not even know about? You pay turbotax, who lobbied congress to make taxes as obtuse as possible, to do it for you
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Mar 22, 2021 18:35
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A HORNY SWEARENGEN posted:Toyota, Honda, and Nissan have been in the game for a decade now. From what I have read - Toyota and Nissan are behind due to their insistence with Hybrids. I'm surprised we don't have a mass produced EV Corolla or some kind of public prototype.
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Mar 22, 2021 18:56
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https://twitter.com/tolstoybb/status/1374056305845964803?s=20
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Mar 22, 2021 19:10
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Lol “YOURE NOT SUPPOSED TO TURN DUMB MONEY INTO SMART(ER) MONEY!”
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Mar 22, 2021 19:13
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LMAO that loving mummy Biden fired his staffers if they've ever smoked weed so now weed stocks are dead because that poo poo's never getting legalized
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Mar 22, 2021 19:15
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A HORNY SWEARENGEN posted:LMAO that loving mummy Biden fired his staffers if they've ever smoked weed so now weed stocks are dead because that poo poo's never getting legalized white house staff presumably require some level of security clearance or background check weed is still illegal under federal regs, so it comes up as a reason to deny the clearance or negatively judge the background it's probably not really even in his hands unless he wanted to interfere with the process
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Mar 22, 2021 19:34
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So, dable with some puts finally. I bought two $15 puts with a 3/26 expiry. If the puts expire in the money, they'll execute sell for $15 x 100, yea? But if I don't have the money to cover the buys do they just expire worthless?
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Mar 22, 2021 19:41
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Nah it was quite literally an old man getting upset that someone smoked weed in college and firing them because the jazz cabbage gives you unamerican thoughts.
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Mar 22, 2021 19:42
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Crosby B. Alfred posted:From what I have read - Toyota and Nissan are behind due to their insistence with Hybrids. I'm surprised we don't have a mass produced EV Corolla or some kind of public prototype. The Nissan Leaf is the EV Corolla. It was the first "real" EV of the lithium era and was the top seller many years in many places.
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Mar 22, 2021 19:42
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A HORNY SWEARENGEN posted:Nah it was quite literally an old man getting upset that someone smoked weed in college and firing them because the jazz cabbage gives you unamerican thoughts. You could be trolling here but I haven’t seen any confirmations on this being Biden’s direct call?
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Mar 22, 2021 19:54
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He had to act before Harris arrested them all. Also still holding amc. gently caress it gonna get real weird with it.
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Mar 22, 2021 19:59
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Pilfered Pallbearers posted:You could be trolling here but I haven’t seen any confirmations on this being Biden’s direct call? "Mr. President, I'm firing your staff and you can't stop me." The president, who is literally the reason weed is a schedule 1 felony: "oh no, curse you, foul demon for having this power over me!"
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Mar 22, 2021 20:09
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Here is a fun blurb from wikipedia https://en.wikipedia.org/wiki/Removal_of_cannabis_from_Schedule_I_of_the_Controlled_Substances_Act#Rulemaking_proceedings  So in short, could Biden get it descheduled which would be a pretty drat big leap forward in legalization? Absolutely yes.
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Mar 22, 2021 20:12
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5 were removed, there were other issues that came up in their background check. Of course we latch on to the most sensational.
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Mar 22, 2021 20:14
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Biden could do a lot of poo poo that he won’t, though. Weed stocks remain “maybe, probably” for the foreseeable future.
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Mar 22, 2021 20:14
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Oh yeah, I'm not putting anything on it actually happening. And actually some posters in this very thread made the important point that a lot of the publicly listed companies that are current marijuana plays only even exist because bigger tobacco companies can't justify the risk of engaging in the sector until it gets the federal nod of approval. So it's kind of a dead play for me at the moment even though I'm a big believer that sin == win.
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Mar 22, 2021 20:17
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A HORNY SWEARENGEN posted:LMAO that loving mummy Biden fired his staffers if they've ever smoked weed so now weed stocks are dead because that poo poo's never getting legalized And even if it does get legalized... it's a weed. A weed that people can grow in their backyards. And it's a regulatory nightmare. Ask the Canadian cannabis industry what their profit margins are like. jokes posted:Biden could do a lot of poo poo that he won’t, though. Weed stocks remain “maybe, probably” for the foreseeable future. *alliteration!! melon cat fucked around with this message at 20:22 on Mar 22, 2021 |
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Mar 22, 2021 20:17
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The better profits would be from food makers making edibles. Or pharma making weed pills/tinctures/margarita mix with the THC.
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Mar 22, 2021 20:19
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In case you're not picking up what I'm throwing down, any hope that Biden will "move left" has been completely DOA. Dump your weed stocks and buy heavily into private prisons and pinkertons and if you can afford it, your own judge. reignofevil posted:Here is a fun blurb from wikipedia Yeah, everyone harped on this during the primaries. At any point Trump could have descheduled weed and completely cut the legs out from under the democrats. The DEA is a tool of the executive branch and with weed descheduled congress would have to move to undo poo poo like banking laws. Democrats talk about it, but they'll never do it because they're a wholly owned subsidiary of the for profit prison industrial complex. poo poo, our vice president is literally the Elliot Ness of weed.
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Mar 22, 2021 20:19
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I'm in the Cannabis industry and every engagement we've had has been positive at state and fed level and our advocacy groups are powerful and well funded. The fact that large equity groups are hunting heavily in our industry only further supports that legalization is coming.
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Mar 22, 2021 20:26
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monkeytek posted:I'm in the Cannabis industry and every engagement we've had has been positive at state and fed level and our advocacy groups are powerful and well funded. The fact that large equity groups are hunting heavily in our industry only further supports that legalization is coming. Market is short sighted, if it's not next quarter it isn't soon and if it's longer than a year it's too far out to even think about. You get ahead of the market by thinking slightly longer term. Basically when you feel legalization is about 18-24 months out buy in and you'll beat the big buy in. That might be now, but I think that's more a second term move.
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Mar 22, 2021 20:32
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TSLA and the ARK funds dove headfirst into the close Sign of what's to come?
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Mar 22, 2021 21:12
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melon cat posted:All houses here need to be connected to the grid in order to be considered legally habitable, and the wholesale rates for selling back to the grid have fallen so much that the payback period for solar is absurdly high.
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Mar 22, 2021 21:17
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Divot posted:TSLA and the ARK funds dove headfirst into the close If TSLA dips, ARK funds will dip. It's their largest holding. And the major indexes (esp S&P) all dipped in the last hour.
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Mar 22, 2021 21:31
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Joke's on you, I don't even know what a growth investor or value stock even are! But seriously, what are are these things?
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Mar 22, 2021 22:38
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I know a few goons have talked about 3D printing. Has anyone seen the recent articles on 3D home printing (extrudable concrete)? It looks really interesting, but didn’t know what the interest in stuff like that is around the industry.
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Mar 22, 2021 22:39
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BurntCornMuffin posted:Joke's on you, I don't even know what a growth investor or value stock even are! growth stocks are sexy companies like tesla or amazon value stocks are unsexy companies like ford or walmart
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Mar 22, 2021 22:43
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Does Amazon even still count as growth these days? One would think with AWS controlling the internet the way it does the value is relatively established
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Mar 22, 2021 22:46
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Divot posted:Does Amazon even still count as growth these days? I've seen it in both boxes, depending on the fund methods for valuing equities.
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Mar 22, 2021 22:52
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Penny stocks are LGBTQ+ Jump on GSV and ONTX with us
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Mar 22, 2021 22:55
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