I bought and sold these stocks in under 30 days
2007-03-20 05:58:28 · 5 answers · asked by jerryr2339 1 in Business & Finance ➔ Taxes ➔ Other - Taxes
If you did not buy those stock back with in 30 days you will be able to take that $1000 capital loss
(long term if you hold for more than 1 year, short term if you hold less than 1 year)
but first if you can offset your capital gains with the losses.
you are allowed up to $3,000 in capital loss a year with the rest carry over to the next year.
2007-03-21 14:28:23 · answer #1 · answered by clu25 2 · 0⤊ 0⤋
1
2016-12-23 19:36:20 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Penny stocks are treated on your return the same as other stock sales, with listing on schedule D showing gain or loss. If you sold them within 30 days of buying them, you'll list the transactions in the top section as short term.
2007-03-20 15:15:36 · answer #3 · answered by Judy 7 · 0⤊ 1⤋
Penny stocks are loosely categorized companies with share prices of below $5 and with market caps of under $200 million. They are sometimes referred to as "the slot machines of the equity market" because of the money involved. There may be a good place for penny stocks in the portfolio of an experienced, advanced investor, however, if you follow this guide you will learn the most efficient strategies https://tr.im/e3f14
2015-01-25 02:38:42 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Capital Loss - Schedule D
2007-03-20 06:29:30 · answer #5 · answered by Wayne Z 7 · 1⤊ 0⤋
Ignore the wash sale rules.
Deduct it!
2007-03-20 09:07:03 · answer #6 · answered by bold4bs 4 · 0⤊ 0⤋