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You won me over with that "with great power, comes great responsibility" bit, bravo

I love the clock in the background. You can see how long it takes between cuts! Thanks for your expertise.

Very well done. Covered all the important aspects...

You explained so much information that I was not aware of and I’m grateful to have stumbled upon these tax videos.

This saved me, I had a big 20k loss on a penny stock and I badly needed a tax right off since I exempted myself for 2 months in taxes.

I have seen elsewhere that you can tax loss harvest at any point in time and accumulate those losses to use in future tax years. Also, that if you don't have any capital gains to offset in that year, you can use up to $3,000 in losses to reduce your taxable income, which I did not hear you mention. Is this information true? Thanks! Love the videos.

Thank you for the clear and concise wisdom you share. I can’t express how much I appreciate the generous service you provide🙏 You’re the man!!!

Been bing watching your recent and prior videos this morning. Gotta say, I love your candor and sincerity you project in your videos. Definitely educating me to be a better trader. Thank you. Hope "likes" on older videos benefit your KZfaq site.

Curious if tax loss harvesting applies to options too? I’ve had a really great year trading options and stocks. I’ve also been crushed on some option trades. Thanks for any insight you can provide me. Excellent videos

Bro! The Superman to Spidey to Uncle Ben to Voltaire was SICK! I didnt even know the voltaire.

thanks so much about the wash-loss rule. Saved me head ache

Love the Voltaire quote, you are an excellant teacher, thank you.

This guy is a beast. Keep up the great videos!!

Thank you this was so helpful! I will share it with my podcast audience.

Thank you so much for spreading your expertise with the world, i can tell you genuinely care about your profession. i share your vids with all my friends

Does this apply to cryptocurrency???

Thank you for your videos.

Very good presentation. If you reduce the huffing and puffing it would be perfect!

Love this old you, and rhe new you

Thank you for simplifying what the wash loss rule is.

Thank you Brian i lost 20k in stock last year and i have like 150k in wash sell do i need to pay tax on my wash sell or loss?

Can you make a video addressing how active traders filing a schedule C can use losses to write down their wage earnings?

Ive lost about $60k in trading stocks and I left the stock market completely. So you are saying that i can get an additional $3000 in tax deduction to whatever return I get for the year, every year until it adds up to the $60k?

good video on tax loss harvestng; for wash loss rule, TD Ameritrade incorporates the loss into the next trade; question: I receive a K1 statement for a stock in my IRA account. Is that a mistake? I already tossed it.

thanks for sharing was gonna recommend pixel and my digital marketing services but it looks like you got that covered cheers

You can only claim loss up to $3000 a year for stock loss, is there a way to get around this?

Great video 👍

I lost 30k aka almost every dollar I have. I’m really worried about my taxes cuz I transferred that 30k back & forth to three different brokers

You earned a sub for the Superman Reference!!

Since I'm not a tax accountant (good or bad), could you please elaborate on the $40,000:$80,000 income limitation versus the $52,000:$104,000 income limitation for zero percent long-term capital gains tax. Thanks.

Can you do this with crypto or is it only for securities ?

😂 dude you're honestly very funny. 👍

Your videos are great thanks so much for sharing the knowledge! Can you shed some light on this following scenario (assuming all these are short term capital gains)? Say I make a trade for $100 profit and then reinvest all $100 of that profit into another stock without paying the taxes on that initial $100. Then I make a second trade for another $100 profit. Then lastly reinvest all $200 of those two combined realized gains, but unfortunately lose $50 in that trade. At the end of the year would I just owe taxes on $150? Essentially, risk management aside, do I have to pay taxes on each individual trade or can I wait until near the end of the year and just pay taxes on my total net gains?

Is the income of 52K or less for the 0% capital gains gross income or taxable income ? Also, if one makes 52k or less, do you still have to report the capital gains even if its non-taxable?

Brian ..can you say more about if you're single or married and earn under 52 or 104,000 combined? I have 5+ stocks I would like to sell but was afraid to sell because 1i didn't know how to report on my taxes and 2 I didn't pay too much for them so I was just sorta holding them...but it would be better to be able to invest that money into another stock... I have been getting more people to invest...and sharing the channel

Can I hire you as my accountant even though you're in a different state?

Hello, At which point the disallowed loss can be realized ? As I understand even though I bought replacement shares and also sold them for a loss before the end of the year should the disallowed loss now be realized ?

How will the tax lost harvesting work if you don't recognize a positive stock until years later? Will it just apply years later if you actually sell a positive gain stock? For example, say you sold a negative stock in 2020 but sell a positive stock in 2030? Does the tax lost harvesting get applied in 2030?

My BIGGEST question that I’m now I’m confuse I don’t pay taxes on stocks I don’t sell but I still have to pay dividends even though I never withdraw ? It stays in my brokerage acc to reinvest

My husband has a bunch of RSU, he had no idea the tax on it was done when was open for him to take out, yesterday he opened hes w2, to see if we get quality for the incentive cheques, because we clear did not have 150,000 in our account, so we found out he got a bigg big payment that was never in his account, only when I came in try to find out where was all his money, to our surprise was being taxed in his rsu, now we dont know what to do, and not understand why they took money then and now in w2. The stock now is pretty low, so this money on the rsu tax is forever gone? I feel he lost all his savings on does shares and pay money in taxes before lose it. Any help in this?

Do I have to sale the entire stock I sold for a $4000 loose but still have $3000 in the stock?

Ahahahaa! You are THEE Man! Thank you for your priceless services and expertise!! 👾

You’ve really been saving me, I like you haha

Thanks

Hi How does rules aply when you do swuap one for onother one and how aply in cripto whe make a profit and you decide to shuap for an stable coin

*I want to harvest someone undervalued securities as the market goes ⬇️*

Does this also reduce tax from income? Or only within the same stock account

Is there any duration you have to hold a stock for or can you buy it, sell it for a loss a week later, and count that as a loss?

You are so funny. I really enjoyed this video

Hi , i have two questions pl , one if i buy a stock today sale tomorrow at loss can i claim the loss? Second question. If sell stock for loss and buy an other stock tomorrow is it wash sale ?? Thanks

Is there a way to recoup realized losses in a ROTH IRA account?

Prediction: there will be a lot of tax loss harvesting in 2020

In 2021 I made 30k from short term stock trading. Bot in 2017 I lost 40k doing trading as well. Can I use the 40k loss from that year to offset the winning from 2021? Would that be like tax harvesting? Thank You

I have a loss of 2.5k I don't have any other investments, can I still get a tax deduction? How would I go about doing that?

I might nor be a good tax accountant😅 would like to know why you were saying 52,000 not 40000, i was wondering that but after giving it some thought i think i know, but I'd still like to know👌😁

Can you create another Brokerage account? and repurchase it there?

what about futures trading? USOIl, XAUUSD, Forex etc..

Does the wash rule apply to cross-account sales? Had a stock I had to close after a year in my taxable account. I would claim my $3K loss on my 2022 taxes. Not thinking about the wash sale, I was trading in and out of the same stock in my IRA. Just wondering if I can claim it or if I should day trade it again to try to regain some of my losses back. Thanks for your reply in advance.

can i harvest stock market losses against investment property gains?

Good info 💯

haven’t bought a stock in a year however I left drip (dividend reinvestment plan) on the Stock to reinvest, since I didn’t stop the drip does that mean that stock still short term gain or loss if I was to sell it?

So, losses on options contracts will apply, however does the wash-loss apply if you repurchase the same contract? or just _A_ contract under the same ticket ?

My brokerage account was already at a net loss ytd. Yesterday I took a massive loss via options and went to near zero. Since my gains were already offset will I retain any benefit from the loss? Aside from a terrible lesson of course🤦‍♂️

How can I write off more than 3000 in capital losses? I lost 160k in the market this year.

Can you claim unrealized loses from at least 2 years ago?

Can you offset tax on stock gains with your losses from stock options?

You’re literally my new fave KZfaq channel 😍😍😍 hot accountant spitting hot tax wisdom yes pls

My question ❓ let's said I lost $30k and quit trading. I can claim $3k for next 10yr?

What about international stocks sales where they don't provide you with a 1099-B Form? I recently sold some international (employee) stock at a loss (wanted out) and I have no idea how to report that loss in next year's taxes (use Turbo Tax).

first

I didn't work in 2019, but my wife did. We file "Married Filing Joint". I have cash and would like to put as much into my IRA as possible both for 2019 and 2020. Can I dump the limit into mine for the both of us? I.E. $14k for 2019 and $14k for 2020? Thank you.

You rock Parce! Keep up the great content!🤗

If I make $100,000 in income and have $20,000 in losses will my AGI be $80,000?

What about loosing money on stock options ? Does it still apply or no

LOL. "With great power come great responsibility."

Does this include Crypto?

@2:46 "tesla is going up and up" hahaha oh how the times have changed

What if your doing options

Hi im a stay at home mom with 2 young kids. I recently opened up a vanguard account under my name for them and very mew to this whole thing. I am also hearing about the rollover 401k from my old employer to the roth ira! Do you think its a good idea to do the rollover to roth ira even when i dont have a job and not sure when ill be going back. Id appreciate your thoughts in this 🙏

How many are watching this video after investing in pfizer?

Should you use tax loss harvestng if you only have one stock you are down on and you are not planning on selling off your other stocks yet?

I didn’t know tax loss harvesting only works if you lose more than you gain . So the net

THINK OF IT THIS WAY! (AND THIS IS TRUE) if you win BIG on a scratch off lottery ticket, you can also turn in all of your losing tickets for a reduction of the taxes taken out of the BIG WIN.

Ohhhh I screwed up and rebought before the 30 days was up.

Can I claim my loss on tax

Damn, so you can only take the deduction off of a capital gain tax... that's unfortunate... makes sense though

Good stuff like always

Could you also donate to charity to reduce some of your short-term capital gains before the end of the tax year on your schedule-A if you don’t want to sell your losers? Love the content btw?

This video didn't age well 0-27 seconds. Sir you stated no affilate marketing or promo code. " that crap". Well may 20, 2020 Wednesday. WeBull..Travala. Example Sir.

Now he's tax loss harvesting Telsa in 2023.

Normally i fall asleep when taxes are brought up . But you, can keep this shit interesting you got good stuff man. you keep making more videos and ill keep raping that like button lol peace out...

no point in selling a loss if I haven't sold a gain then

$3000 is too low. needs to be substantially increased. The $3000 amount was set clear back in 1978.

I wish this guy was my dad 💸💸💸

2 yrs later … I have lost way too much on Tesla stock … Purchased it @ $283. It is now $216.50. I feel like I’m on the Titanic

It took an hour to film this. Damn!

I heard it from peter parker's uncle

Felt like you steered away from the topic of the video

You wrong irs not Voltaire its the bible