WPatch

William (Bill) Patch

WPatch’s Activity

Tue Dec 23

NL

Boards Post

WPatch replied to the Tax Strategies board. 11:02 PM

Re: Tax on Roth conversion with no taxable income?

Assuming that you are a US citizen, national, or full year resident, are not a dependent of anyone else, and are not blind, it true that you will owe no tax.

Wed Dec 10

NL

Boards Post

WPatch replied to the Tax Strategies board. 12:23 AM

Re: IRS Trust Fund Penalty

Then I see no tax breaks. Sorry!

Tue Dec 9

NL

Boards Post

WPatch replied to the Tax Strategies board. 2:36 PM

Re: IRS Trust Fund Penalty

Could be. Was the organization for-profit, charity, non charitable non-profit? Did you expect to receive pay from the organization?

Sun Dec 7

NL

Boards Post

WPatch replied to the Tax Strategies board. 7:31 AM

Re: Options Loss to offset RSU/ESPP gains

No, a disqualifying distribution from an ESPP produces ordinary income, not a short term capital gain.

Wed Nov 5

NL

Boards Post

WPatch replied to the Tax Strategies board. 9:41 PM

Re: question on locking in gains

"So I closed my short position on the same day I opened it. Will that affect my long shares holding period in any way?"

To bring everybody up to date in this thread SacKingsfan shorted his long position against the box to lock in [more]

Tue Nov 4

NL

Boards Post

WPatch replied to the Tax Strategies board. 4:29 PM

Re: question on locking in gains

"I have gains in stock A which I bought less than one year ago. If I sell stock A short and cover the short position when the long shares are held over one year, do I get to claim long term capital gains on my long position?"

No. [more]

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Boards Stats & Trivia

Three stars, 500 posts Old School Fool
Board Posts 604
Recs Received 253
People who have rec'd these posts 129
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Most Frequent Board Tax Strategies
Very First Post Re: Exercise of Option (6/28/1999)
Percentage of Posts Rec'd 27.32 %
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