John Battaglia Quotes

If the price of the stock drops, you could owe more in taxes than the value of the stock.

- John Battaglia

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Price | Stock | Drops | Taxes |

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Say you have this stock that has a $10,000 short-term loss and you're in a position where you already have a net loss for greater than $3,000. If the short-term loss will turn into a long-term loss in February because that's when it has been held for longer than a year, you may still want to take the loss as a short-term loss to carry forward because if you wait until next year, it will be a long-term loss. - John Battaglia

If both people make $300,000, they'll pay more than $18,000 in taxes by filing jointly. That's about the cost of the wedding. - John Battaglia

Anything that's relevant to your tax return I would keep until six years after you file, and I would keep copies of the tax returns themselves as long as possible. - John Battaglia