| Author |
Message |
    
Kodibochu
Kurra Bewarse
Username: Kodibochu
Post Number: 3050
Registered: 04-2019
Rating: N/A
Votes: 0 (Vote!) | | Posted on Saturday, September 05, 2020 - 8:50 am: |
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Spy: if you have losses from other trades this year or from previous years, you can cover those losses and don’t pay any tax.
Oh..Ok. I did not realize about it.
Spy:If u want to get rid of stock for fundamentals or other reasons, thats a diff topic
Yeah. I agree. |
Spy
Pilla Bewarse
Username: Spy
Post Number: 960
Registered: 07-2018
Rating: N/A
Votes: 0 (Vote!) | | Posted on Saturday, September 05, 2020 - 8:40 am: |
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Point 2: if you have losses from other trades this year or from previous years, you can cover those losses and don’t pay any tax.
Other than this, I don’t see big advantage in selling.
If u want to get rid of stock for fundamentals or other reasons, thats a diff topic |
Kodibochu
Kurra Bewarse
Username: Kodibochu
Post Number: 3049
Registered: 04-2019
Rating: N/A
Votes: 0 (Vote!) | | Posted on Saturday, September 05, 2020 - 8:23 am: |
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I am trying to understand the rationale of the people who sell stocks to book profits-
Day Trading: I totally understand this scenario because they sell the stocks by end the day or 2 days to get profit.
My question is for the sellers of the below scenario
Book the profit now and buy later when the stock price comes down: If you sell an AAPL stock now, you have to pay tax 20% to 40% depends up on the period of holding(both Federal and state). Unless the price of the stock falls below this percentage, whats the point of selling the stock? Am I missing anything here? |
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