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JamesV84
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Activity Feed for JamesV84
- Posted Is it possible to undo a wash sale? on Business & farm. June 5, 2019 3:50 PM
- Posted Purchased MLP units late in the year but there were no distributions for me in 2018. Should I wait for the K1 or can I assume: no distributions, no tax owed? on Investing. February 12, 2019 7:44 PM
- Posted If I overpay estimated payments for a quarter, will it cover the estimated payment for the next quarter if the amount overpaid covers the entirety of what is owed in the next quarter? on Self employed. January 3, 2019 7:06 AM
June 5, 2019
3:50 PM
I sold stock at a loss thinking I could realize the capital loss and still keep the stock if I just repurchased it again. Then I learned that The Wash rule will not allow me to do that, even though I’ve already rebought the stock. Can I sell the stock again to buy a completely different stock and to realize my capital loss as well? Or is it too late since I already violated the Wash Rule?
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I purchased units in an MLP in late 2018. Did not receive any distributions in 2018. Is it certain I don’t owe taxes or should I wait until March when the K1 comes out?
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January 3, 2019
7:06 AM
I overpaid one quarter of estimated taxes. However the following quarter taxes were low enough that the previous quarter’s overpayment would cover the next quarter’s taxes. Do I still have to make an estimated payment for that subsequent quarter even though the overpayment from the previous quarter would cover it? Thanks.
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