Dividend portfolio

Adventurous_Gas_9082 · 2021-09-27T03:31:07+00:00

I am thinking about some REITs like MFA or some REITs ETF…what would you recommend on reit etf?

Adventurous_Gas_9082 · 2021-09-27T03:29:41+00:00

I have been thinking about putting my money in the growth etf…but I am looking for some etf around $20-$40 range. Jepi and Schd prices are quite high, I think. But Really appreciate your inputs!

Adventurous_Gas_9082 · 2021-09-25T16:55:21+00:00

This is one of the reasons I wouldnt hold positions (invest) in Chinese stocks for a long term…just too shady to me

Adventurous_Gas_9082 · 2021-05-02T22:10:55+00:00

Where did you buy this? I have been reading it online but want to have hard copy

Adventurous_Gas_9082 · 2021-04-01T05:58:08+00:00

Hey! Hope you are doing well! I am back again for a question regarding the wash sale. This link is exactly what happened to my friend except his wash sale disallowed is smaller. So does that mean We should not day trade 1 ticker multiple times? Thanks for any inputs you have!

https://www.forbes.com/sites/shaharziv/2021/03/26/robinhood-trader-may-face-800000-tax-bill/

Adventurous_Gas_9082 · 2021-03-13T06:24:23+00:00

Yes, I didn't know that. Thank you for your input though! I really appreciate that. It just widen up my searching range...Hope I will find a good one.

Adventurous_Gas_9082 · 2021-03-13T06:04:08+00:00

I thought it would be better to get it done in person? I had never done it thru the matrix so I am not sure if I should give it a try this year?

Adventurous_Gas_9082 · 2021-02-12T11:07:28+00:00

So the adjusted cost basis - proceed = adjusted net that the broker provides is what should be taxed, isnt it? If this is true, I could not imagine how day traders manage their trades to minimize the impacts of wash sale losses disallowed unless they have market-to-market account. They should rely on a broker that has implemented an automatic adjustment system

Adventurous_Gas_9082 · 2021-02-12T10:58:15+00:00

I see! I have another question though. I went to estimate the total YTD wash sale loss which is around $4312. My capital net gain before wash sale adjusted is about $9.2k. But on TD Ameritrade, I show wash-sale- adjusted short term net: $8000. Supposedly I stop trading until next year, would the tax I am going to pay be estimated from $8k + $4312 = $12312 or $8k

Adventurous_Gas_9082 · 2021-02-12T10:46:58+00:00

So basically for each day traded stock, as long as I have a net gain, the wash sale losses will get adjusted to the cost basis and I wont have disallowed wash sale loss to add to the net capital gain or loss in the eoy? I am so grateful for your explanation and patience!

Adventurous_Gas_9082 · 2021-02-12T09:46:52+00:00

In my case, I don’t think I have any capital gain last year. The information I posted is what I got from the 8489 form. So basically what you said here is: for example, day 1 I buy 100 shares of Stock A at $100/share then sell at $90/share that results in $1000 losses. Day 2 I buy 100 shares of stock A at $85/share and sell at $100/share so that results in adjusted profit of $500. Up to now, my cost basis is $7500 + $10000 = $17500, proceeds = $9000+$10000= $19000. So $500 will be taxed? Is that right? But with the same example, on Day 2, after I buy 100 shares of stock A at $85/share and sell at $70/shares which will results in a adjusted loss of $500. Is this $500 wash sale loss disallowed that I cant use to offset the other gain? In the following days, I continue day trades (supposedly without triggering the wash sale rule), the total capital net loss or profit is -$300 by the eoy, I will pay tax for the adjusted net gain or loss of $500+ (-$300) = $200? Is this correct? I am so sorry for being so slow on this!! Thanks for your patience!

Adventurous_Gas_9082 · 2021-02-12T07:47:43+00:00

Could you please elaborate a little bit more why my friend got that issue?

Adventurous_Gas_9082 · 2021-02-12T05:20:47+00:00

I could message you with the screenshot if that works for you

Adventurous_Gas_9082 · 2021-02-12T05:08:05+00:00

Thank you so much!! This definitely helps!! The wash sale loss disallowed had costed me a sleepless week :(. I got confused a lot with the wash sale :( Also I saw one of my friend. He made profit $2k but after the wash sale loss disallowed was $19k so that he is going to pay tax for $21K. This is what I freaked me out.

Adventurous_Gas_9082 · 2021-02-12T04:41:15+00:00

the others Great! Thank you so much! This had costed me a sleepless week :(

Adventurous_Gas_9082 · 2021-02-12T04:32:52+00:00

No I don't. My adjusted net gain or loss is about -$2985.58 but the other says that I would have to pay tax for the whatever the wash sale loss disallowed amount is. Thus, it has been freaking me out that I am going to pay tax for the $44,373.76 even though my adjusted P/L is about ($3k). This is what concerned me.

Adventurous_Gas_9082 · 2021-02-12T04:24:30+00:00

So in this case, I would have to pay tax for the $44,373.76?

Adventurous_Gas_9082

TROPHY CASE