@tradeinvestsimplify: Reply to @taylorgiaimo taxes 1/2

Kenneth Suna
Kenneth Suna
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Region: US
Sunday 20 December 2020 01:34:16 GMT
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chadthedad57
CMC :
is there a specific amount that they start taxing?
2020-12-20 04:45:16
3
iunity
mr.Unity :
okay I have a situation. I invested 3.5k. lost about 95% of it. and im making trades to slowly try and break even. do I get taxed even though I'm stil
2020-12-20 06:14:47
2
thelittleblackdot
SRT3Hundy :
Is it just realized gains?
2020-12-20 04:45:36
2
edwing4604
EdwinG4604 :
I’m waiting for second part 😳 thanks
2020-12-21 02:42:11
2
nicholas_takoda
Nicholas Bean :
How beautiful it would be though
2020-12-20 02:08:16
3
mikeytaylor
mikey :
The RE 1031 reference!! 😜🙌🏼🙌🏼
2020-12-21 00:10:28
2
tradeinvestsimplify
Kenneth Suna :
@realestatewithnick
2020-12-20 01:38:25
3
tradeinvestsimplify
Kenneth Suna :
For clarification, I am not an accountant and like most everyone, I don’t know dick about taxes. So consult a CPA if you have follow up questions
2020-12-20 02:26:51
6
averagedan1
dholland :
What’s the tax rate for both short and long term?
2020-12-20 03:38:21
2
tee.man.007
Tee Man 007 :
You get taxed only on profits thou not full amount correct
2020-12-20 02:42:50
2
senpaipaulino
Senpai :
He a simp
2020-12-20 03:55:17
2
kimjongphill
KimJongPhill :
Hmm but if you buy and sell within a Roth IRA no taxes?
2020-12-20 02:31:32
2
taylorgiaimo
Taylor Giaimo :
thanks for the response! I guess my next question, is are you taxed on the same bracket as your income for short term gains?
2020-12-20 01:38:20
2
talldude1080
💿talldude1080 :
im only taxed for that profit once I sell tho right?
2020-12-20 04:40:49
2
ottovonskidmark
oOOOoooooooooOOps :
if your AGI is low enough and you hold for a year, your capital gains tax rate will be 0%
2020-12-20 02:11:13
2
ayydayy17
Andy Dwyer :
What if the brokerage account is within a 401k or roth and no withdrawals were made?
2020-12-20 06:17:51
2
philosophywithsuf
Suf, Philosophy with :
what about gym gains?
2020-12-20 18:12:27
1
benchy43
Ben C :
What about wash sales? If you but it back for a similar price within 30 days it’s considered a wash
2020-12-20 04:01:39
1
tickerisaac
TickerIsaac :
do i keep the money and pay tax when ?
2020-12-20 09:27:13
1
knowtellin
Knowtellin :
But if you take your profits and reinvest them the same day into a long term mutual fund will you still be taxed?
2020-12-20 13:49:35
1
busybfinancial
Busy B Financial :
not if you base your retirement in life insurance. Not as good long term but killer retirement long term. MPI for the win!
2020-12-20 04:36:37
1
suarezlleslie
user4491072943626 :
@realestatewithnick
2021-02-02 00:24:35
1
the.dad2020
The.dad2020 :
What’s the secret to not to be taxed ? 🥺
2020-12-20 19:51:51
1
richkid2112yyz
Tim Martin :
its not fair
2020-12-20 23:28:28
1
the.dad2020
The.dad2020 :
O no 😂 I sold already
2020-12-21 00:06:08
1
miguel.cerrito
Miguel Cerrito :
What a scam
2020-12-20 04:29:06
1
gpinkyly
g :
can you deduct from option losses?
2020-12-20 04:22:23
1
raytheonsuperfan
Raytheon fan 👧🏼 :
Even on Robinhood? Like if you don’t take it out and put it in you’re bank account?
2020-12-29 11:57:25
1
businesswithnick
BuisnesswithNick :
hey hey!!!! That's me! Who else has real estate questions?!
2020-12-21 04:46:25
1
dh66mmzre23
dh66mmzre23 :
That’s why mutual funds never sell stocks otherwise their clients would w/d their money to have to pay taxes.
2020-12-20 05:52:02
1
chanwoo837
LaTiffa :
what about if i lose money ?
2020-12-27 13:59:00
1
businesswithnick
BuisnesswithNick :
2 different ways to do it in real estate. to avoid capital gains you can live in the home/multi for 2 of the last 5 years. 250k single 500k married
2020-12-21 05:07:50
0
dibya_barua
Dibya Barua :
Isn’t there a loophole 😂😂
2020-12-21 07:56:58
0
madmikegz
Master Madness :
like 666 😈🤘🏼
2020-12-22 10:49:31
0
businesswithnick
BuisnesswithNick :
1031 exchange is you taking profits from a real estate asset and buy another of like kind within 90 or 120 days.
2020-12-21 05:09:05
0
jimenez29441
user6135020651431 :
You can claim up to a $3000 loss on your taxes
2020-12-29 01:57:14
0
jimenez29441
user6135020651431 :
So deduct that from your gains
2020-12-29 01:57:40
0
1thatone
yura :
don't sell apple
2020-12-29 07:13:19
0
mbrake1994
Matty B™ :
A washed sale look it up
2020-12-21 03:21:06
0
rikstoks
Erik :
any capital gains tax on profits under $500 is criminal
2020-12-30 15:42:08
0
richkid2112yyz
Tim Martin :
mutual funds such for this reason
2020-12-20 23:29:23
0
kenneth.huff
Kenneth :
Yes, but there is a washout rule!! 😉
2021-01-18 13:22:51
0
jimmytheserver
Jimmy :
I’m so fucked. Lost job so started day trading made $127500 so far more than my salary now what?
2020-12-20 19:09:40
0
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