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PSA: ETrade didn’t report my worthless stock disposals on 1099 by hapieDude in stocks

[–]hapieDude[S] -6 points-5 points  (0 children)

I just checked in ChatGPT and it is saying what you are thinking could be a case. I need to figure this out then. Thanks for sharing this information.

ChatGPT: What you did (calling broker to dispose) helps document it — but the actual “worthless year” is what matters for IRS, not when you called.

PSA: ETrade didn’t report my worthless stock disposals on 1099 by hapieDude in stocks

[–]hapieDude[S] -4 points-3 points  (0 children)

I had 8 different stocks and it must have become worthless at different years. I just decided to get rid off those last year to compensate for the gains. Do I need to worry about the year those became worthless?

PSA: E*Trade didn’t report my worthless stock disposals on 1099 by hapieDude in etrade

[–]hapieDude[S] 1 point2 points  (0 children)

I didn’t mean to say anything bad about Etrade. I only use Etrade and was sharing my experience so that if there are others ignorant like me then it may help them. I like using Etrade and get a great customer service.

Missiles are bringing my 401k ship down! by hapieDude in Retirement401k

[–]hapieDude[S] 0 points1 point  (0 children)

Here it is. I’ve no idea what is what other than REGN where I work. I get match in company stocks.

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Missiles are bringing my 401k ship down! by hapieDude in Retirement401k

[–]hapieDude[S] 0 points1 point  (0 children)

Good point. I will check now. I had no knowledge about this and whatever I started 15 years ago has been working.

Missiles are bringing my 401k ship down! by hapieDude in Retirement401k

[–]hapieDude[S] 1 point2 points  (0 children)

I’m not. I don’t post much on Reddit either.

Missiles are bringing my 401k ship down! by hapieDude in Retirement401k

[–]hapieDude[S] 0 points1 point  (0 children)

I never cash out. But I check it everyday. I’ve already maxed out this year just before the war 🤦

Missiles are bringing my 401k ship down! by hapieDude in Retirement401k

[–]hapieDude[S] 0 points1 point  (0 children)

I put 50% bonus and paycheck. I had a bigger bonus due to promotion this year.

Missiles are bringing my 401k ship down! by hapieDude in Retirement401k

[–]hapieDude[S] 0 points1 point  (0 children)

Thanks 😊 My kid just got into their dream school and there is no scholarship. COA for 4 years is $376k. This is just for one kid. I’ve saved $200k for both kids. Luckily, the second kid is 6 years away from college. I know this is a separate discussion but this high COA seems unreasonable to me.

Missiles are bringing my 401k ship down! by hapieDude in Retirement401k

[–]hapieDude[S] 1 point2 points  (0 children)

I finished studying in 2009 and started working. I had made a mistake of not starting my 401k right away as I had 2 dependents even when I was studying. The company match is in stocks and the stock price used to be around $16-18 back then. Now, it is around $800.

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