Recent content by pj2501

You sure? After watching the video several times the cost basis I have (box 8) -2 + (box 11C) 83,904 - (box 13K) 864 = 83,038 on my larger account to use to adjust, but I'm not certain it works like that. According to the video anyways. I could be completely wrong here. My issue with all this...

My K1 doesn't have the last page in the video showing cumulative adjusted etc. I'm assuming it's cause never sold only bought over years. Well didn't know what I know now since not under a broker anymore. . . eyes opened. Still no updated word from my tax person I sent the info for how I got the...

If this works send me your address so can send beer.

Hmm based off that my cost basis is over 80k washing out quite a bit. I feel bad but going to send this vid to my tax place not to insult their intelligence but to help shed some light.

Went to see my tax pro today and i'm more confused than when I went in. Said i'll have to pay long term gains on "box 11 C" for the forms and that's paying on over +$100,000. I've never cashed out just it's not there anymore in the fund since Feb5 2018 which is worth less than 10k. Also said...

Thanks again for the free explanation. Yes should of sold JAN of 2018. Perfect case of too much of a good thing. I'm very torn on holding this through this year, but after the crash instincts were to double down. Then SVXY went to half leverage of 0.5x which has hindered those plans yet again...

I appreciate the reply. Really don't know what's going to happen at this point. I'll see my tax person tomorrow whos been doing my taxes since that 2012 timeframe and see if any good outcome. Yes I'm baffled at this point. I know it's just free advice but in my position for the future should...

Sir found your threads searching for K1 questions with SVXY. Please advise as your the only one I can find that may be able to help me. My situation was under a broker firm been buying shares since 2012 never sold them just held and bought more over time till 2018 Feb5 crash of volatility. After...