Mohacsy's Safe Portfolio Member Forum

[cgavin5]

Yes, nobody does.

And yet, while checking for this years income tax liability I looked at my Ameritrade cost basis page and low and behold found that the actual adjusted gain for the trading portfolio is 13.20% This will go down slightly once I complete selling this years losers.

Yet, because I bought back many of the stocks later on after selling my tally is still actually around 4%. Which unfortunately means a big income tax bite. Fortunately the largest profits are long term profits. So I can rationalize becoming a pauper around that.

I mean, jeez, I bought and sold $379,569 of Amazon and $103,467 of Mastercard stock this year alone. And that's in just one account.

In April I'll be expecting The Spanish Inquisition.

What I won't have to worry about are the tax liability proceeds from profits in AI anytime soon. Sour grapes. Oh well.