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I filed many forms and never gotten anything back. It is not worth it as it is way too easy to get denied, and the lawyers get all your info and the money from the settlement. I was the op for the other thread by the way

So it wouldn't be possible to do both in the same account?

Thank you, but is it average holding period of 31 days from what I read? Because I can lower my average with my 200 daytrades a day that I currently do on penny stocks while holding the other blue chip stocks longterm

I have significant wash sale losses from stocks I daytraded. I want to invest in these stocks for over a year since I think they are cheap. Can mark to market be active if I do both: invest for over a year in certain stocks while daytrading other stocks in the same account?

Don't vote for bernie. He is taking our money and giving our money away for free

I just look at all these tech stocks and Beyond meat and I feel like if I parked all my cash in bynd or shopify, I would have made a lot more this year. Shop is up 300%

Thanks for being the only serious answer

7 out of 12 months have passed. My hot start has slowed down. If I extrapolate the data to a full year, I am on target to make 200k, and pay 50k in commissions and sec fees. Is the brokerage 25% cut too much in terms of being a successful trader? Daily, I have 60% losing trades with 40% winners...

I have quite a bit in savings so I'm going to just pay it all in full and get a refund next year. But yeah next year I might move

I was seriously considering moving to puerto rico

Thank you!!!!

Thank you so much! The federal tax penalty is prorated though right? Like if I owe 25k but paid 9k so far, I would only pay 6% interest on 16k and not the full 25k?

Under 150k

Thanks again! So far I only paid 9k federal and 2k state. If last year I paid 25k federal and 9k state and I have 4 paychecks left at 1900 or so, should I put them all towards state so that way my 1st two quarter (Jan-June) penalties for state (CA) gets wiped out and just only pay the federal...

Can a large w2 withholding going forward remove the 1st and 2nd quarter penalties?

I paid 34k in taxes last year. So far this year, I only paid around 11k in tax withholding through my current job unrelated to stocks and have already made more in half a year than I did for 2018 through stocks. I heard my w2 withholding if I make a huge lump sum will be able to get rid of the...

I paid 34k in taxes last year. So far this year, I only paid around 11k in tax withholding through my current job unrelated to stocks and have already made more in half a year than I did for 2018 through stocks. I heard my w2 withholding if I make a huge lump sum will be able to get rid of the...

Also are estimated taxes prorated? I paid about 25% already through my employer but not the full amount

Sadly 4% penalty is a lot in my situation

I have a w2 that takes an amount of my paycheck and puts them towards taxes, but that amount will be nowhere close to the safe harbor or the amount I will owe at the end of the year due to a really good stock year. The w2 withholding is probably only 25% of what I will owe. I heard estimated...