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Feb 23, 2021
9:31
:59
am
cougsareforreal
Starter
What’s been sold? Is he fifo or lifo? If he’s a long term investors selling fifo
Tax consequences could be substantial ($100s of dollars).
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cougsareforreal
Previous username
rtaylord
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cougsareforreal
Joined
Nov 11, 2010
Last login
Apr 27, 2024
Total posts
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Messages
Author
Time
Read this if you want to feel better about your investing smarts
Clark Addison
All-American
2/23/21 8:55am
So that’s in a taxable account? Ouch if so
hansel
2/23/21 8:58am
Yes and Yes
Clark Addison
2/23/21 9:11am
I did something similar a few weeks back. Only a few 100$$. Put a limit order with the intent to sell if a stock
Probable Sacko
2/23/21 8:59am
It's an ETF. Just immediately buy it right back.
RdF3
2/23/21 9:00am
Wouldn't that be a wash sale, technically?
Psalm Trees
2/23/21 9:05am
If the positions overall are at a loss, yes. But if so, who cares?
RdF3
2/23/21 9:07am
I think wash sales only covered losses
HuskerFan2
2/23/21 9:08am
No. He will be taxed on all his gains.
cougsareforreal
2/23/21 9:25am
He sold $5k on a dip. I’m guessing there isn’t much tax to pay.
RdF3
2/23/21 9:27am
What’s been sold? Is he fifo or lifo? If he’s a long term investors selling fifo
cougsareforreal
2/23/21 9:31am
Ha. Not that bad really.
Stev_ie
2/23/21 9:03am
Buying and selling both end in - ING. Don't beat yourself up too bad 😂
Kauai
2/23/21 9:12am
YOU can read this if you want to feel better...
crack
2/23/21 9:24am
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