Recent comments in /f/wallstreetbets

Sufficient-Buy-5275 t1_jediywa wrote

Guys, I’m in the microfluidic space and their 3D printer is as close to injection molding as you can get. The hard part is that with the 3D printer being 300K the prints are expensive and 300K can pay for a lot of molds for injection molding. Great for complex geometries though. The closest competitor is Boston Micro Fabrication and there are way cheaper models that get pretty close.

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pithecium t1_jedhvy6 wrote

The net loss is the only number you really need to know. You can deduct $3,000 against your income and carry the rest over to deduct next year.

Wash sale Loss Disallowed happens when you sell at a loss and buy the same thing again within 30 days (before or after). It means that loss doesn't count for taxes, but if you sell the position later (for more than 30 days) you get the loss back again (because the amount that was disallowed before gets added to the cost basis).

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Blinds3290 t1_jedh03h wrote

The loss on sale (subject to wash sale rules) is added to your cost basis of the subsequent purchase that will trigger the rule into play. It’s to prevent manipulation for offsetting gains in a given year, resulting in a decrease of tax liability. You will recognize the loss on your wash sale when you sell stock without repurchasing in a 30 day window.

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