Recent content by Sammel

Thank you all for responding to my query. Just to clarify, this wasn't a "troll thread", it was a genuine and sincere question to a problem I needed to deal with ASAP. I carefully considered everyone's responses and I've decided to hang on to the shares for now. Let me explain why: I've had one...

I've made $530k short term profit this year. So I'm facing a huge tax bill in April. However, I also made one horrible trade on TWTR and now am stuck with a $200k loss on the books. Should I sell off the loss to offset my profits and lower my tax bill? Per wash sale rules, I can repurchase the...

I'm an active USA-based trader, who is considering incorporating my day trading business into a C Corporation. What I'm wondering is how do you do the "accounting" for the corporation based on your daily trading activity? Most traditional businesses generate invoices and recognize "income"...