I lost 27K excluding fees on SPX. I want to stop trading and just let it go cause it seems to just get worse. Can I really not find a way to deduct this from my taxes?

like
Posting as :
works at
You are currently posting as works at

You can net the losses against capital gains and/or take a 3k net capital loss each year until the loss is used up.

like

Related Posts

Does EY let you keep Amex rewards points?

like

Can I save tax by buying second house if first house is already in my name?

I’m 25 and have found a duplex I’m considering purchasing as a rental property. Planning on renting both units and have the cash to make the down payment without an issue. My cash flow analysis has a payback period of 3 years for my down payment and a 13 year payback period for the whole investment. I think financially it makes sense. My question is, is it realistic for a 25 year old young professional to handle dealing with all the extra curricular’s that come with owning a rental property ?

like

Have any of you considered FIRE? I'm sure some of the partners are young and rich enough to retire. So why not say screw working until 60 and to hell with the pension? Travel the world and live life while I can?

like

I am trying to justify house buying in HCOL city. The house cost is minimum 1.4m .monthly mortgage would be at least 7k(with just around 2k principal) rest goes to either int,tax. Not to mention regular house maintenance. How is it better than 3.5k rental. I understand appreciation and own house independence. But I am just trying to make numbers work.

like

Sorry if this has been asked a few times but - relocating to Charlotte and looking for apartments, preferably in southend. Any solid recommendations or places to avoid?

Looking for a 1 BR - 2.4K a month or less.

TYSM!!

Worth getting the Marriott bonvoy credit card with the 100k points bonus? Annual fee is $95. Already have CSR.

like

Personal finance book recommendations?

like

How much is a good amount (% wise) to be putting into your pension pot? Would be good to hear at different salary brackets!

like
like

Hi! What are your experiences with Robo Advisors? Worth it? Or is investing in a few standard ETFs (no day trading) going to yield more return?

likehelpful

Where do y’all think Ethereum and Cardano will be in a year? I’m hoping former breaks $4,000 and latter breaks $200.

like

24 yr old, 110k TC, maxing out Roth IRA and Roth 401k, no debt or large expenses. Also have ~35k sitting in a bank account. What should I do with that money?? Am I better just sitting on it for a while then watching it shrivel up in my brokerage account?

like

Does anyone think there is long-term viability in Cryptos?

like

About to get a home improvement loan. Any recommendations for a lender? Also looking for general advice. TIA!

like
like

When a private equity firm invests in your company, they do expect to exit their investment within the next five to seven years.

like

How big is to big for an initial investment property. Theres a 20 SFH portfolio for sale by me for about a mil. Is this to big to start with initially? I'm less worried about the Financials (feel comfortable on that end) and more worried about the managerial aspect.

like

Is buying into the VIX the best way to hedge for a mkt downturn?

like

Happy early Thanksgiving! I launched a free investment network with startups seeking capital. Please sign up as an investor or entrepreneur and take a look at our 50+ pitches and everything is free. Appreciate the support and happy investing. This is my dream and really appreciate the support.

Link to site:

like

More Posts

Anyone working in Xoriant private solutions ltd. in Hitachi project? Need few info.

like

Hello Everyone!!! I have applied for a role in EY. I would really appreciate if someone can give me referral for the job. The job id is 1097702.

Post Photo
like

I have an accounting degree and am looking for something where I spend most of my time using excel. Surprisingly, audit —at least at my company— doesn’t really do that. Any suggestions would be helpful.

I’m not sure if this is the right place to post, it’s my first time so please excuse me!

like

What will be the avg hike for progressing rating for manager (32-2)...joined in Feb 2022.

like

I work as a Solution Specialist (sales rep) at an Authorizer Verizon retailer. Phone/wireless sales is not something I want to do forever. I have 4 years mobile sales experience and 3 additional years of niche sales/ customer service experience. I’m feeling stuck and every career/job move fells it is a step backwards. Does anybody have any advice on how to power through this or what other routs I could go?

like

What other careers do you catch yourself daydreaming about? I, for one, would have loved acting as I loved theater throughout my life but alas fate had other plans. What's yours?

like

Hi there - anyone aware of FTI director salary range for Dubai office? Not enough data on Glassdoor to verify..

like

Hi fishes, help me with this offer. It's an SDE role, 8 YOE. I'm currently at Google with $350-400k TC. This would be a level 5 at Robinhood. Base $210k. Sign-on bonus $45k Equity: $450k-500k. Thanks!

like

Thoughts about the MINI Countryman SE? Thinking of buying used 2019 model

How do you get more dopamine?

like

24 yr old, 110k TC, maxing out Roth IRA and Roth 401k, no debt or large expenses. Also have ~35k sitting in a bank account. What should I do with that money?? Am I better just sitting on it for a while then watching it shrivel up in my brokerage account?

like

Trying to Carpe the Diem but the day is seizing me.

Content specialist with 3.5 years experience in diverse industries. Currently working for a consulting in market research. Losing my potential and mental health to the company’s toxic culture, I can’t be the one man army for my team.

Any referrals would be highly grateful!

What’s the biggest issue you’ve faced with dating non-lawyers?

like

Anyone ready for NYC gathering?

like

I have cleared 2 technical interviews with S&P Global for the Java Developer job position. With good feedback.
As the interview went well.

I have attended a managerial interview which was scheduled for 30 minutes. It also went well. I answered 90 to 95% of the questions.

How much time they will take to give the feedback as we have a long weekend now

Thanks

Hi

I have got an opportunity for interview in mearsk for sap atr fico S4 Hana consultant , please let me know the interview process.

I am having total experience of 8+ yrs and relevant of 6+ years what salary can I expect and which level will be suitable for joining .

Genuine suggestions needed please.

Thanks in advance .

Let's compete! What's the craziest fake news you've heard so far and how many relatives of yours believed it?

like

Why are people focusing on NUMBERS, not LIVES?

like

Full Stack .net Dev with exp 7yr. What type of work role can be expected from Infosys? What is scope of growth? And what could be the max expected salary offering?

like

Additional Posts in SALT - State and Local Tax

Hey Salt peeps. I’m curious what kinds of practices you specialize in and how long you’ve been doing it? Would you specialize in something different in tax if you could turn back the clock?

helpfullike

Los Angeles Area comp for 2nd year asset management?

Currently making $85k with a 7.5k signing bonus. Wondering if I’m being underpaid in my role. Ive tried probing my colleagues but no dice.

Will states start imposing sales tax on NFTs?

like

I was paid a retention bonus last year which I have to return - couple of questions: Will I get a corrected W2 ? If yes, how much time does it generally to generate a corrected W2? Should I wait for corrected W2 to file the return ? (with the current comp - I owe taxes however with the W2C - I will probably not..) thoughts??

like

My 2022 w-2 has states tax paid in California. But I was living in Illinois. I have paid more taxes per my w2. Do I need to file state tax for both IL and CA?

like

Anyone making career moves out of SALT? Curious to hear where people are going and what career paths people are looking into.

like

Looking for a referral to SALT opening with public accounting firms. Please let me know the organization you can help with. Thank you!

like

My work office is in philly but i wfh in delaware. Why im i paying for both state taxes as well as philly tax. Is that right or do i need to make some adjustments. Im at PwC currently.

likesmart

Looking to save on all taxes as my remote career grows. Any recommendations or where to move / establishment residency? I don't see the advantages of being in California.

like

Why is it when I owe money to a state from my annual tax filings, if I don’t pay the full amount I get charged interest. But when they owe me, they ask for additional documentation and won’t pay me interest for them stonewalling me. Not much volatility y/y in earnings.

like

Need some help! Currently live in TX but work as an independent contractor (remote) for a NYC based company - do I still need to pay NY state convenience tax on income or would this only apply as a full-time employee?

like

I am on H1-B visa, open to relocate and looking for State & Local Tax (Income/Franchise) Experienced Senior/Manager opportunity. Which companies are currently hiring visa candidates? Appreciate the responses, thank you!

likehelpful

Hey - Might be moving from Florida to Illinois. Is there any way I can avoid changing residency and IL income tax? Realistically, will I be audited?

like

I am not from the US and taxes overwhelm me; the first few years I did them with TurboTax and it was fine but then I entered a domestic partnership and had a baby. I also bought a house (that I don’t live in), so I went to H&R Block to give it a try assuming they could advise me on optimizing my return, it seemed that they are completely transactional as the person is just typing numbers in a form. Any recommendations on how to navigate personal taxes with an actual advisor?

like

New Jersey partnership question.

Partnerships need to use market sourcing for purposes of calculating NR withholding tax (though NJ doesn't even call this withholding anymore).

However, for purposes of calculating the NJ distributive share of income, you apply Gross Income Tax (personal income tax) rules, which is 3 factor and includes COP.

If I end up with 0% apportionment under GIT and 10% apportionment under CBT (withholding tax), the partnership pays tax upfront but NRs get 100% refund?

like

Anyone have recommendations for sales tax CPE > 7 hours?

like

Hi All, how much should I expect to pay for someone to do my taxes for me? (Ball park)
- fbar
- state
- Federal

Also I moved out from MA in February so not sure if I'd also still need to file in MA?

like

Why did you choose to work in SALT over other areas of tax?

like

Anyone who recently started what is starting salary for a new associate in SALT? How does it compare to other lines of services?

like

Hey Team

I'm on a H1B so I am supposed to pay Medicare and SS taxes, but my employer has not withheld anything- my hnr block advisor caught that but she just completed my returns assuming I don't have to pay those taxes

What is the right protocol in this case? Do I owe SS and fica taxes?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal