Things That Are Bothering You, Got You All Hibbeldy-Jibbeldy, or just downright pissed, RIGHT NOW!

[SkinnyGoomba]

I wonder how much additional capital gains tax was taken in this year due to the scare of raising the rate.

 

[GreenFrog]



start paying quarterly taxes. that should be LOADS of fun from what i hear.

Is that even a thing? I don't see why anyone would want to do that -- but for those who need to do that? No se.

I wonder how much additional capital gains tax was taken in this year due to the scare of raising the rate.

A lot.

 

[SkinnyGoomba]

Yes, that is a thing. I believe it has very little to do with wanting to.

 

[Piobaire]

And all I have this year is a capital loss on a passive investment which I cannot claim due to being over the AGI phase out.

 

[GreenFrog]



Yes, that is a thing. I believe it has very little to do with wanting to.

I figured as much.

And all I have this year is a capital loss on a passive investment which I cannot claim due to being over the AGI phase out.

Oh, boohoo. Now please add some value to my new thread in the bidness subforum.

Thanks.

 

[Connemara]



Nah, not poor planning (I'm assuming you're referring to withholdings adjustments and whatnot to your paycheck) -- just a lot of capital gains to be taxed.

Why so much turnover? That's an easy way to lose an astounding amount of money over an investing "career."

 

[in stitches]



Is that even a thing? I don't see why anyone would want to do that -- but for those who need to do that? No se.

Yes, that is a thing. I believe it has very little to do with wanting to.

skinny is correct. it is a very real thing, and its something you are made to do, not something you opt to do. when your tax liability gets to around 6 figures, i understand that is how it goes. or so i am told by the people i know who make that kind of cheddah.

 

[LawrenceMD]

I didn't really expect it to be so frigid outside.

 

[in stitches]

i really did not expect the ice cream i ate to go right through me.

 

[Rambo]



i really did not expect the ice cream i ate to go right through me.

You know, God only says that the Rabbi has to bless the food, not wash his hands...

 

[Find Finn]



Better than I hoped... "Hi, I'd like to return this candle my wife purchased." "Sorry to hear that, Sir. Reason for the return?" "It cost $275." beat "Right, I'll put down 'divorce.'" Love the flinty NYC sales girl. lefty

LOL. Was it an abnormally large candle or what?

 

[GreenFrog]



Why so much turnover? That's an easy way to lose an astounding amount of money over an investing "career."

Yes, and vice versa.

All my investment decisions are event-driven, so I rarely care about timing my sales for tax purposes. Granted, I was considering selling AAPL at the end of the year to offset my tax liability, but alas, I was too scared to pull the trigger and seal in those losses, so now I have a huge tax liability and massive paper losses.. FAIL.

skinny is correct. it is a very real thing, and its something you are made to do, not something you opt to do. when your tax liability gets to around 6 figures, i understand that is how it goes. or so i am told by the people i know who make that kind of cheddah.

Ah, makes sense.

 

[Connemara]



Yes, and vice versa.

All my investment decisions are event-driven, so I rarely care about timing my sales for tax purposes. Granted, I was considering selling AAPL at the end of the year to offset my tax liability, but alas, I was too scared to pull the trigger and seal in those losses, so now I have a huge tax liability and massive paper losses.. FAIL.

I suggest you listen to the wisdom of Mr. John C. Bogle.

http://www.bogleheads.org/wiki/Bogleheads_Investment_Philosophy

 

[lefty]

LOL.

Was it an abnormally large candle or what?

No, but apparently it smells like an authentic wood fire. The leftette told me this while standing in front of our wood burning fireplace.

lefty

 

[in stitches]

no seriously, this keeps getting better. love it.