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Mustangsrmine

11/24/20 7:54 PM

#47416 RE: QTRADERQ #47414

I wouldn't know...... Never been that successful to know how to deal with taxes.
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armstjo1

11/24/20 8:05 PM

#47428 RE: QTRADERQ #47414

Yes. . .you can deduct short-term /long-term losses too. . .you just have to fetch this stuff--these figures-- from your brokerage house when you get ready to file your taxes in April, the next year. Securing these figures/reports from etrade/TD AMER. or Schwab (or whomever) will certainly be important.

Remember: loss or profit comes when you SELL your securities. . .sell date, important and certainly the purchase date (this determines whether it is short term--less than one year--or long term, more than one year transaction!!