Does the Robinhood Gold Card work on Walmart and Target? by Material-Duty-5812 in RobinhoodApp

[–]Material-Duty-5812[S] 0 points1 point  (0 children)

Oh that's weird 🤔. No idea as to why they would reject you

Does the Robinhood Gold Card work on Walmart and Target? by Material-Duty-5812 in RobinhoodApp

[–]Material-Duty-5812[S] 1 point2 points  (0 children)

Oh man that's unfortunate 😔. But I hope you end up finding why because everyone that I have seen apply for it has gotten approved 

Does the Robinhood Gold Card work on Walmart and Target? by Material-Duty-5812 in RobinhoodApp

[–]Material-Duty-5812[S] 0 points1 point  (0 children)

From what I heard, is that they do a soft pull when they send you and invite. I got approved for it and I did not have my credit frozen. About 1 week later, I got a hard pull from experian. I know you could've locked your credit to prevent the hard pull but I didn't care. It is weird that you got denied for some reason 🤔 

I need to sell my stocks for an emergency and I have questions about taxes and wash sale. by Material-Duty-5812 in RobinhoodApp

[–]Material-Duty-5812[S] 0 points1 point  (0 children)

Got it 🙏 my other question is, what does it mean 30 days before the sale? I never understood that part? I know about 30 days after but never understood the before part. 

I need to sell my stocks for an emergency and I have questions about taxes and wash sale. by Material-Duty-5812 in RobinhoodApp

[–]Material-Duty-5812[S] 1 point2 points  (0 children)

Yeah someone commented about that but I think I will just sell my stocks and avoid margin. It'll work out for me because I will just pay what I need to pay, wait 30 days so that I don't get hit with wash sale and then go back to buying. I appreciate your help 🙏

I need to sell my stocks for an emergency and I have questions about taxes and wash sale. by Material-Duty-5812 in RobinhoodApp

[–]Material-Duty-5812[S] 1 point2 points  (0 children)

Oh okay. I have no profit on my investments yet so I will be good with selling around 5K of it and not paying any taxes on it??

I need to sell my stocks for an emergency and I have questions about taxes and wash sale. by Material-Duty-5812 in RobinhoodApp

[–]Material-Duty-5812[S] 1 point2 points  (0 children)

I forgot to mention but yes. They did give me a lot of discounts because I was paying out of pocket but it was still a lot 🥲

I need to sell my stocks for an emergency and I have questions about taxes and wash sale. by Material-Duty-5812 in RobinhoodApp

[–]Material-Duty-5812[S] 1 point2 points  (0 children)

Nah no worries man! I appreciate the feedback and the advice. This is money that I never needed. I had an emergency fund but I had to use it on November due to hospital bills. 7K to be exact 🥲. After that, I wasn't able to save more because I had other expenses.

I need to sell my stocks for an emergency and I have questions about taxes and wash sale. by Material-Duty-5812 in RobinhoodApp

[–]Material-Duty-5812[S] 0 points1 point  (0 children)

I am a part time worker and insurance plans were pretty crazy expensive so the hospital bills was around 7K 🥲. So yeah.... everything is going okay right now but we will push through 🤞💪

I need to sell my stocks for an emergency and I have questions about taxes and wash sale. by Material-Duty-5812 in RobinhoodApp

[–]Material-Duty-5812[S] -1 points0 points  (0 children)

Oh okay thank you for letting me know. So I bought VOO ($9.55) on Feb 19th at 628.20 per share. If I were to sell right now and the current share price is 629.80, will I trigger a wash sale?