Tax Hack | Tax-Loss Harvesting To Lower Your Tax Bill!
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- Опубліковано 10 лип 2024
- Tax Loss Harvesting!!?? What is this!?
Looking at ways to reduce your realized capital gains on the year? A strategy investors can use is called tax loss harvesting also known as tax loss selling!
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DISCLAIMER: I am not a financial adviser but fortunately I am a CPA :). These videos are for educational and entertainment purposes only and should not be taken as "individualized" tax advice. Should you need tax solutions I highly recommend consulting with a professional or our CPA Firm. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
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Great video with tons of great advice. This video clears up some confusion I had. Thank you
Liked and Subscribed. Thank you!
wow this is amazing explains! Keep make more video like this plz.
Thank you Brian. Your explanations are very clear understandable and accurate. I’m going to be contacting you to make use of your services.
Hi brian, great video. Can you explain mark to market? Thanks
lets say i buy a stock and lost $200 and buy back the same stock and gained $500 all within 31 days in the middle of the year (assuming i am not Mark-to-Market trader). Do i have to pay taxes on the $500 gain or $300?
When you rebuy stock triggering wash sale your loss from original trade gets carried forward into new trade. It essentially cost averages the two trades and disallows the loss until you sell again. Assuming you didn't rebuy within the wash sale window again the loss will lock in and you'll have $300 gain overall between the trades.
How do you set up a consult???
Could u make a video step by steps how to apply for trader Tax Status. What steps need to do for the qualifications?
Thank you for this tax loss strategy. I will like to reach out to you for tax strategies. What’s the best way to reach you?
So I have an Llc that I created in 2019, but I’ve been trading options since 2020 and it’s under my ssn. How can I put these capital gains taxable income into my Llc instead of my own personal tax? I want to make sure I pay lesser tax rate.
Great information. Very helpful. How much do you charge for a CPA services? What's the best way to get in contact with you?
If you had a non profitable year day trading as your first year but definitely day trader status. Can you still claim deductibles against taxes of my other job? If so how? Thanks
Another Great Tax Video!!! So i just started my LLC for trading purposes and i was wondering if i can deduct my equipment for this year’s?
Absolutely
Brian whats your website?
Hey man thanks a lot for all these hacks u giving us. I have this little problem I been trading with a offshore broker named cmelitegroup they saying they don’t give 1099 to show loss or gain. I have some gain a losses please help