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Replies: 10
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Oculus Spirit [75717]
TigerPulse: 100%
Posts: 108847
Joined: 10/26/03
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Before I go call my actual expert on this, I need y'all
Oct 2, 2018, 10:41 AM
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Thoughts.
I've had a stock lose about $500 in a week. I am still more than doubling the money on it, but I fear it is time to sell. Problem is, I wanted to sell this next year to help with the crack house.
Is there LEGAL way to sell it now but avoid paying taxes? I gots no deductions.
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Oculus Spirit [78886]
TigerPulse: 100%
Posts: 26424
Joined: 12/6/98
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loose***
Oct 2, 2018, 10:43 AM
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Lot o points [155901]
TigerPulse: 100%
Posts: 65819
Joined: 5/6/13
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capital gains is capital gains mane.***
Oct 2, 2018, 10:45 AM
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Oculus Spirit [79201]
TigerPulse: 100%
Posts: 24918
Joined: 8/29/12
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Finance Degree to the rescue. Yes there is a way
Oct 2, 2018, 10:49 AM
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Donate all your winnings and then some to charities.
A safer bet would be to have a child or adopt one. Just get some dependents and you'll be good.
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CU Guru [1596]
TigerPulse: 100%
Posts: 2145
Joined: 5/5/03
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Hedge your position for a few months.
Oct 2, 2018, 10:57 AM
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Have to evaluate your hedging cost vs your tax savings to see if it economical though.
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Oculus Spirit [75717]
TigerPulse: 100%
Posts: 108847
Joined: 10/26/03
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I'd be far less concerned if knew how this new tax game was
Oct 2, 2018, 10:58 AM
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going to work.
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CU Medallion [73569]
TigerPulse: 100%
Posts: 78044
Joined: 11/30/98
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sell, open bunny house, tax deductions
Oct 2, 2018, 11:13 AM
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nekkid women
win win
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CU Medallion [73569]
TigerPulse: 100%
Posts: 78044
Joined: 11/30/98
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but if you're plan on becoming SCOTUS, disregard advice
Oct 2, 2018, 11:14 AM
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and burn Tigernet down.
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Lot o points [163012]
TigerPulse: 100%
Posts: 31933
Joined: 1/17/07
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You sell you realize the gain
Oct 2, 2018, 12:48 PM
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How long have you held the stock? Want to be sure to get LT CG tax rate if you are close to one year.
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Oculus Spirit [75717]
TigerPulse: 100%
Posts: 108847
Joined: 10/26/03
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I bought this in 2015. About $8.00 off the all time high
Oct 2, 2018, 1:07 PM
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right now.
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Lot o points [163012]
TigerPulse: 100%
Posts: 31933
Joined: 1/17/07
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So Long Term gain tax rate
Oct 2, 2018, 1:19 PM
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but if you can wait, push taxes off another year.
I once had a friend with over $1,000,000 in short term gain.....he waited. Unfortunately this was the Nasdaq crash back in 2000. Lost over 3/4ths of that gain fast.
"Pigs get fat, Hogs get eaten."
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