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Posted: 2/16/2024 4:03:08 PM EST
[#1]
Quote HistoryOriginally Posted By CajunMojo: All I know is warrants give you the right to buy stock at a certain price (DWAC being $11.5 if i'm not mistaken) but not the obligation. I know it has to be in a certain time period to convert, but don't know what that is. There are other requirements for it to happen also. If I had to guess, you can't convert right now, or they'd probably be worth more. Thank you! I talked to Schwab, they are not exercisable, yet. He did say soon. Good until 6/30/2028 |
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Posted: 2/16/2024 4:45:53 PM EST
[#2]
Have we talked about Microsoft Xbox and use of LIDAR? I remember they had the Kinnect sensor 7years ago. That had cameras and could track you. I wonder if they could incorporate lidar into the next gen console.... just my thought on Friday
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Posted: 2/16/2024 10:40:05 PM EST
[#3]
If we could just secure a MSFT contract, we'd be rich, amirite?
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NV, USA
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Posted: 2/16/2024 10:42:47 PM EST
[#4]
Quote HistoryOriginally Posted By Malbec: Have we talked about Microsoft Xbox and use of LIDAR? I remember they had the Kinnect sensor 7years ago. That had cameras and could track you. I wonder if they could incorporate lidar into the next gen console.... just my thought on Friday they'd go with a miniature lidar setup, like what apple uses, not mvis. different markets. |
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GA, USA
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Posted: 2/16/2024 10:44:42 PM EST
[#5]
Quote HistoryOriginally Posted By CajunMojo: If we could just secure a MSFT contract, we'd be rich, amirite? 
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Posted: 2/16/2024 11:24:45 PM EST
[#6]
Quote HistoryOriginally Posted By CajunMojo: If we could just secure a MSFT contract, we'd be rich, amirite? How dare you.greta |
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Posted: 2/17/2024 4:59:53 PM EST
[#7]
Quote HistoryOriginally Posted By CajunMojo: I hope you got out in time! Quote HistoryOriginally Posted By CajunMojo: Originally Posted By jpcdmd: Been going in and out of SMCI calls all week. Made some decent scratch. Holding a few 1000-strike calls into tomorrow. I hope you got out in time! I had a few calls and miraculously sold right at the peak before the dump! |
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Posted: 2/18/2024 12:50:55 AM EST
[#8]
I'm guessing at this point with no news we got fucked again by microsoft for hololens?
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IN, USA
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Posted: 2/18/2024 9:57:39 AM EST
[#9]
I'd assume if we're going to hear anything it would be on next earnings call, which they haven't announced the date yet
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AZ, USA
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Posted: 2/18/2024 10:01:51 AM EST
[#10]
Quote HistoryOriginally Posted By goodasgone81: I'd assume if we're going to hear anything it would be on next earnings call, which they haven't announced the date yet I thought that was the last earnings call? I can't keep track any more. Are we still best in class at least? |
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IN, USA
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Posted: 2/18/2024 1:25:32 PM EST
[#11]
I'm just saying it doesn't seem like they'd randomly drop any news on that front, if there's anything to say about it, it would be during the upcoming earnings call (or just as likely they still say nothing at all)
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ID, USA
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Posted: 2/18/2024 8:55:14 PM EST
[#12]
So a question for anyone doing their taxes that use E*Trade.
When I went to link my E*Trade account to TurboTax it came back with almost 300 missing fields when I ran the Smart Check!!!! Anyone else have issues with all the data fields not transferring to TurboTax? |
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IN, USA
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Posted: 2/19/2024 9:17:32 AM EST
[Last Edit: goodasgone81]
[#13]
Quote HistoryOriginally Posted By NIevo: So a question for anyone doing their taxes that use E*Trade. When I went to link my E*Trade account to TurboTax it came back with almost 300 missing fields when I ran the Smart Check!!!! Anyone else have issues with all the data fields not transferring to TurboTax? I can't remember exactly but I want to say fidelity had something similar where they left a field blank because they're was nothing that should be put there but turbotax wanted all the blank fields to be "0" Maybe I'll regret it someday but once I confirmed that was the case, I just ignored TT warnings and left the fields blank instead of manually adding zero to every field |
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Posted: 2/19/2024 9:39:18 AM EST
[#14]
I'm at work and the market is closed. Not fair
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Posted: 2/19/2024 9:48:37 AM EST
[#15]
I have had that happen in the past (last year), I filled it with "0's".
This year I entered the data manually (not many sells), as etrade had their forms available for download on their site a week before they showed up to transfer into TT. I had no issues. Did you try to question it via chat? |
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Posted: 2/19/2024 11:55:17 AM EST
[#16]
Quote HistoryOriginally Posted By goodasgone81: I can't remember exactly but I want to say fidelity had something similar where they left a field blank because they're was nothing that should be put there but turbotax wanted all the blank fields to be "0" Maybe I'll regret it someday but once I confirmed that was the case, I just ignored TT warnings and left the fields blank instead of manually adding zero to every field Quote HistoryOriginally Posted By goodasgone81: Originally Posted By NIevo: So a question for anyone doing their taxes that use E*Trade. When I went to link my E*Trade account to TurboTax it came back with almost 300 missing fields when I ran the Smart Check!!!! Anyone else have issues with all the data fields not transferring to TurboTax? I can't remember exactly but I want to say fidelity had something similar where they left a field blank because they're was nothing that should be put there but turbotax wanted all the blank fields to be "0" Maybe I'll regret it someday but once I confirmed that was the case, I just ignored TT warnings and left the fields blank instead of manually adding zero to every field I had an issue at one point loading my ESPP sales into one of the tax programs... It counted all of the proceeds as profit (didn't pick up the cost basis). I had to enter all of the cost basis manually. |
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Posted: 2/19/2024 12:03:10 PM EST
[#17]
Tax question. Hoping you guys can help. Fidelity keeps pushing out the finalized 1099s they're going to send me for 2023. First it was "check back on 2/6" then "check back on 2/10" then 2/22 now it's 3/6...
My taxes are done except for this bullshit. There were 2 securities that I bought, held, then sold in 2023 that paid some minor dividends, and Fidelity says they're waiting on information from those two companies to finalize 1099s. I don't understand why. Fidelity knows exactly what my cost basis was, what dividends were paid, and what proceeds/loss there was when I sold. I can't imagine what information they possibly need from the companies in order to finalize a 1099. They've given me a preliminary one, but say "don't use this" for tax purposes. Well fuck. We're not talking about much money in proceeds. I hate having my taxes complete but can't file because of $40.54 of dividends these two paid me in 2023. So my conundrum is do I take the preliminary 1099s and just hand jam the info in and hope it matches what Fidelity reports to the IRS? Do I overestimate and therefore overpay? Or do I just continue to wait? I'd be content to wait but it causes me some anxiety because every time I've waited to April 14th to file I've gotten fucked somehow, so even though it appears I'll be getting a small refund and the 1099 from Fidelity is going to have next to no impact on my tax liability, I'm worried that discrepancy between what I file and what Fidelity files don't match and I have 87,000 IRS agents lining up to raw dog me for lulz because they can. |
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Posted: 2/19/2024 12:55:05 PM EST
[#18]
Quote HistoryOriginally Posted By steviesterno16: I'm at work and the market is closed. Not fair It’s a trick. Get an axe. |
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ID, USA
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Posted: 2/19/2024 1:11:34 PM EST
[#19]
Quote HistoryOriginally Posted By jpk33: I have had that happen in the past (last year), I filled it with "0's". This year I entered the data manually (not many sells), as etrade had their forms available for download on their site a week before they showed up to transfer into TT. I had no issues. Did you try to question it via chat? Not yet, probably try today but doubt if they're open. Cost basis issues I figured out and just entered 0. There are a bunch that are missing purchase and sale dates though that would take forever to track down. |
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UT, USA
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Posted: 2/19/2024 1:57:59 PM EST
[#20]
Quote HistoryOriginally Posted By Kuraki: Tax question. Hoping you guys can help. Fidelity keeps pushing out the finalized 1099s they're going to send me for 2023. First it was "check back on 2/6" then "check back on 2/10" then 2/22 now it's 3/6... My taxes are done except for this bullshit. There were 2 securities that I bought, held, then sold in 2023 that paid some minor dividends, and Fidelity says they're waiting on information from those two companies to finalize 1099s. I don't understand why. Fidelity knows exactly what my cost basis was, what dividends were paid, and what proceeds/loss there was when I sold. I can't imagine what information they possibly need from the companies in order to finalize a 1099. They've given me a preliminary one, but say "don't use this" for tax purposes. Well fuck. We're not talking about much money in proceeds. I hate having my taxes complete but can't file because of $40.54 of dividends these two paid me in 2023. So my conundrum is do I take the preliminary 1099s and just hand jam the info in and hope it matches what Fidelity reports to the IRS? Do I overestimate and therefore overpay? Or do I just continue to wait? I'd be content to wait but it causes me some anxiety because every time I've waited to April 14th to file I've gotten fucked somehow, so even though it appears I'll be getting a small refund and the 1099 from Fidelity is going to have next to no impact on my tax liability, I'm worried that discrepancy between what I file and what Fidelity files don't match and I have 87,000 IRS agents lining up to raw dog me for lulz because they can. I’ve got the same bullshit going on. And it’s from one dumb obscure security that I sold. |
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Posted: 2/19/2024 4:01:58 PM EST
[Last Edit: jpk33]
[#21]
Quote HistoryOriginally Posted By NIevo: Not yet, probably try today but doubt if they're open. Cost basis issues I figured out and just entered 0. There are a bunch that are missing purchase and sale dates though that would take forever to track down. Download the excel .csv (listed as "Export CSV file") that is listed in the tax documents section for TY2023. It should show you ALL of your individual buys and sells by date, cost basis, commissions paid. It doesn't list dividends, but does show dividends reinvested by DRIP. I am guessing there may be some "special" tax treatment of your dividends that they don't have information on. Not tax or investment advice, just my 0.02 not adjusted for bidenomics. ETA actual file wording |
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CO, USA
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Posted: 2/19/2024 4:11:59 PM EST
[Last Edit: cmsnare]
[#22]
Quote HistoryOriginally Posted By Kuraki: Tax question. Hoping you guys can help. Fidelity keeps pushing out the finalized 1099s they're going to send me for 2023. First it was "check back on 2/6" then "check back on 2/10" then 2/22 now it's 3/6... My taxes are done except for this bullshit. There were 2 securities that I bought, held, then sold in 2023 that paid some minor dividends, and Fidelity says they're waiting on information from those two companies to finalize 1099s. I don't understand why. Fidelity knows exactly what my cost basis was, what dividends were paid, and what proceeds/loss there was when I sold. I can't imagine what information they possibly need from the companies in order to finalize a 1099. They've given me a preliminary one, but say "don't use this" for tax purposes. Well fuck. We're not talking about much money in proceeds. I hate having my taxes complete but can't file because of $40.54 of dividends these two paid me in 2023. So my conundrum is do I take the preliminary 1099s and just hand jam the info in and hope it matches what Fidelity reports to the IRS? Do I overestimate and therefore overpay? Or do I just continue to wait? I'd be content to wait but it causes me some anxiety because every time I've waited to April 14th to file I've gotten fucked somehow, so even though it appears I'll be getting a small refund and the 1099 from Fidelity is going to have next to no impact on my tax liability, I'm worried that discrepancy between what I file and what Fidelity files don't match and I have 87,000 IRS agents lining up to raw dog me for lulz because they can. They're waiting on the company to determine if the dividends paid were qualified or not, which the broker reports and may impact the rate at which the dividend is taxed to you. Even if the company says they were qualified, you may not have met the holding requirements for the lower qualified tax treatment, so that may be worth researching. Not a CPA or tax advisor. |
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NV, USA
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Posted: 2/19/2024 4:51:14 PM EST
[#23]
Quote HistoryOriginally Posted By CajunMojo: I had an issue at one point loading my ESPP sales into one of the tax programs... It counted all of the proceeds as profit (didn't pick up the cost basis). I had to enter all of the cost basis manually. Quote HistoryOriginally Posted By CajunMojo: Originally Posted By goodasgone81: Originally Posted By NIevo: So a question for anyone doing their taxes that use E*Trade. When I went to link my E*Trade account to TurboTax it came back with almost 300 missing fields when I ran the Smart Check!!!! Anyone else have issues with all the data fields not transferring to TurboTax? I can't remember exactly but I want to say fidelity had something similar where they left a field blank because they're was nothing that should be put there but turbotax wanted all the blank fields to be "0" Maybe I'll regret it someday but once I confirmed that was the case, I just ignored TT warnings and left the fields blank instead of manually adding zero to every field I had an issue at one point loading my ESPP sales into one of the tax programs... It counted all of the proceeds as profit (didn't pick up the cost basis). I had to enter all of the cost basis manually. Etrade doesn't supply cost basis for certain type of transactions, because the rules say they don't have to. Personally, I don't find that acceptable. |
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Posted: 2/19/2024 5:14:56 PM EST
[#24]
Quote HistoryOriginally Posted By cmsnare: They're waiting on the company to determine if the dividends paid were qualified or not, which the broker reports and may impact the rate at which the dividend is taxed to you. Even if the company says they were qualified, you may not have met the holding requirements for the lower qualified tax treatment, so that may be worth researching. Not a CPA or tax advisor. Thank you. It helps to know there's a reason other than bureaucracy. |
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CO, USA
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Posted: 2/19/2024 7:38:03 PM EST
[#25]
Quote HistoryOriginally Posted By Kuraki: Thank you. It helps to know there's a reason other than bureaucracy. Yeah, it’s ultimately on the company whose shares you owned, the broker is just in the middle for reporting purposes. Painful when it holds up the process on everything else for sure. |
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Posted: 2/20/2024 9:55:38 AM EST
[Last Edit: bradpierson26]
[#26]
Snagged more MVIS in my 401k at $2.17
ETA: annnnnd I guess a bigger buy hit at 2.15 |
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Posted: 2/20/2024 10:45:22 AM EST
[#27]
BFRI action happening - trading just halted. They did a private placement of shares is all the news I can find
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UT, USA
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Posted: 2/20/2024 11:04:18 AM EST
[#28]
PSQH
Looks like it needs to go lower on a Daily chart, bought some this morning @ $4.57. Very thinly traded, hard to fill limit orders. |
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UT, USA
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Posted: 2/20/2024 11:07:28 AM EST
[#29]
TGTX
I'm looking for $13.35 area to Buy. |
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Posted: 2/20/2024 11:17:46 AM EST
[#30]
Sigh. Bought 125 more MVIS.
Maybe one day we can SELL. 
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Posted: 2/20/2024 11:28:12 AM EST
[#31]
What is this talk of a Reverse Split in the daily trading action R/MVIS thread?
Any official talk of this or just losers moaning? |
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Posted: 2/20/2024 11:41:27 AM EST
[#32]
Quote HistoryOriginally Posted By slayer1: What is this talk of a Reverse Split in the daily trading action R/MVIS thread? Any official talk of this or just losers moaning? Wait, you mean the one guy who says, "Today I've read about a reversed (sic) split..."? He was actually quoting that as a reference to shorts, in his words, "That should mean that the shorts are soon out of powder and they try their earnest to push people to sell to let it fall further." Just goofball shit from a weak poster, probably taken from one of the dedicated bashers on StockTwats. It is interesting to note that there are now reportedly hundreds of companies below $1.00 on the NASDAQ, and the "rules" aren't being very strictly enforced, if they're being enforced at all. Guess it's hard to have an exchange if you kill off all of its representation. |
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Posted: 2/20/2024 11:45:35 AM EST
[#33]
Quote HistoryOriginally Posted By Osprey61: Wait, you mean the one guy who says, "Today I've read about a reversed (sic) split..."? He was actually quoting that as a reference to shorts, in his words, "That should mean that the shorts are soon out of powder and they try their earnest to push people to sell to let it fall further." Just goofball shit from a weak poster, probably taken from one of the dedicated bashers on StockTwats. It is interesting to note that there are now reportedly hundreds of companies below $1.00 on the NASDAQ, and the "rules" aren't being very strictly enforced, if they're being enforced at all. Guess it's hard to have an exchange if you kill off all of its representation. Yea he was the poster I was referring to. I read what he wrote a couple of times trying to understand the context. |
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Posted: 2/20/2024 11:47:38 AM EST
[#34]
Quote HistoryOriginally Posted By Osprey61: Wait, you mean the one guy who says, "Today I've read about a reversed (sic) split..."? He was actually quoting that as a reference to shorts, in his words, "That should mean that the shorts are soon out of powder and they try their earnest to push people to sell to let it fall further." Just goofball shit from a weak poster, probably taken from one of the dedicated bashers on StockTwats. It is interesting to note that there are now reportedly hundreds of companies below $1.00 on the NASDAQ, and the "rules" aren't being very strictly enforced, if they're being enforced at all. Guess it's hard to have an exchange if you kill off all of its representation. Look how long SENS has been sub $1 |
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Posted: 2/20/2024 12:06:55 PM EST
[#35]
Quote HistoryOriginally Posted By jpk33: Look how long SENS has been sub $1 pretty much since right after I bought it around $4
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Posted: 2/20/2024 12:24:01 PM EST
[#36]
Quote HistoryOriginally Posted By steviesterno16: pretty much since right after I bought it around $4 I Wifey tax harvested ours, and turned around and bought in again. 
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UT, USA
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Posted: 2/20/2024 1:16:17 PM EST
[Last Edit: oldno7]
[#37]
Quote HistoryOriginally Posted By oldno7: TGTX I'm looking for $13.35 area to Buy. Bought $13.38(low risk, soon to be no risk.)hopefully.  Very good support level but not a great Buy signal, wouldn't be surprised if it takes $13.35 out. |
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Posted: 2/20/2024 1:54:49 PM EST
[#38]
Quote HistoryOriginally Posted By Osprey61: I Wifey tax harvested ours, and turned around and bought in again. I did that last year with MVIS, feels about the same.  Do you still have Costco, they were looking good early but now not so much. Is anyone brave enough to play NVDIA's earnings Wednesday with a straddle or a strangle? I should do it in my paper trading account. |
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Posted: 2/20/2024 2:42:12 PM EST
[#39]
Quote HistoryOriginally Posted By Admiral_Crunch: Sigh. Bought 125 more MVIS. Maybe one day we can SELL. HODL!!!!! |
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GA, USA
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Posted: 2/20/2024 5:18:11 PM EST
[#40]
Quote HistoryOriginally Posted By jpk33: Look how long SENS has been sub $1 Quote HistoryOriginally Posted By jpk33: Originally Posted By Osprey61: Wait, you mean the one guy who says, "Today I've read about a reversed (sic) split..."? He was actually quoting that as a reference to shorts, in his words, "That should mean that the shorts are soon out of powder and they try their earnest to push people to sell to let it fall further." Just goofball shit from a weak poster, probably taken from one of the dedicated bashers on StockTwats. It is interesting to note that there are now reportedly hundreds of companies below $1.00 on the NASDAQ, and the "rules" aren't being very strictly enforced, if they're being enforced at all. Guess it's hard to have an exchange if you kill off all of its representation. Look how long SENS has been sub $1 Another one that was touted here is OCGN, it stayed below $1 for almost a year until today. |
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IN, USA
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Posted: 2/20/2024 7:34:15 PM EST
[#41]
If they follow the same trend, mvis should announce 4th quarter date on the 1st of March and will actually happen March 8th
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Posted: 2/21/2024 1:32:30 AM EST
[#42]
Quote HistoryOriginally Posted By goodasgone81: If they follow the same trend, mvis should announce 4th quarter date on the 1st of March and will actually happen March 8th My body is ready. Just in case, anyone wanna take turns crying on one another's shoulders? I regularly shower I promise.
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Posted: 2/21/2024 1:11:25 PM EST
[#43]
Quote HistoryOriginally Posted By Kuraki: Tax question. Hoping you guys can help. Fidelity keeps pushing out the finalized 1099s they're going to send me for 2023. First it was "check back on 2/6" then "check back on 2/10" then 2/22 now it's 3/6... My taxes are done except for this bullshit. There were 2 securities that I bought, held, then sold in 2023 that paid some minor dividends, and Fidelity says they're waiting on information from those two companies to finalize 1099s. I don't understand why. Fidelity knows exactly what my cost basis was, what dividends were paid, and what proceeds/loss there was when I sold. I can't imagine what information they possibly need from the companies in order to finalize a 1099. They've given me a preliminary one, but say "don't use this" for tax purposes. Well fuck. We're not talking about much money in proceeds. I hate having my taxes complete but can't file because of $40.54 of dividends these two paid me in 2023. So my conundrum is do I take the preliminary 1099s and just hand jam the info in and hope it matches what Fidelity reports to the IRS? Do I overestimate and therefore overpay? Or do I just continue to wait? I'd be content to wait but it causes me some anxiety because every time I've waited to April 14th to file I've gotten fucked somehow, so even though it appears I'll be getting a small refund and the 1099 from Fidelity is going to have next to no impact on my tax liability, I'm worried that discrepancy between what I file and what Fidelity files don't match and I have 87,000 IRS agents lining up to raw dog me for lulz because they can. i am in the same boat with two securities. my next suppose to date is 2/24. never had this issue before. |
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Posted: 2/21/2024 1:37:45 PM EST
[#44]
Quote HistoryOriginally Posted By brahm: i am in the same boat with two securities. my next suppose to date is 2/24. never had this issue before. Quote HistoryOriginally Posted By brahm: Originally Posted By Kuraki: Tax question. Hoping you guys can help. Fidelity keeps pushing out the finalized 1099s they're going to send me for 2023. First it was "check back on 2/6" then "check back on 2/10" then 2/22 now it's 3/6... My taxes are done except for this bullshit. There were 2 securities that I bought, held, then sold in 2023 that paid some minor dividends, and Fidelity says they're waiting on information from those two companies to finalize 1099s. I don't understand why. Fidelity knows exactly what my cost basis was, what dividends were paid, and what proceeds/loss there was when I sold. I can't imagine what information they possibly need from the companies in order to finalize a 1099. They've given me a preliminary one, but say "don't use this" for tax purposes. Well fuck. We're not talking about much money in proceeds. I hate having my taxes complete but can't file because of $40.54 of dividends these two paid me in 2023. So my conundrum is do I take the preliminary 1099s and just hand jam the info in and hope it matches what Fidelity reports to the IRS? Do I overestimate and therefore overpay? Or do I just continue to wait? I'd be content to wait but it causes me some anxiety because every time I've waited to April 14th to file I've gotten fucked somehow, so even though it appears I'll be getting a small refund and the 1099 from Fidelity is going to have next to no impact on my tax liability, I'm worried that discrepancy between what I file and what Fidelity files don't match and I have 87,000 IRS agents lining up to raw dog me for lulz because they can. i am in the same boat with two securities. my next suppose to date is 2/24. never had this issue before. Fidelity here and same date, 2/24. Same as last year though, I don't typically have much of a return anyway. No rush here. |
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Posted: 2/21/2024 2:08:35 PM EST
[#45]
Quote HistoryOriginally Posted By cccpNyC: My body is ready. Just in case, anyone wanna take turns crying on one another's shoulders? I regularly shower I promise. Y cry when it's on sale at deep discount |
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Posted: 2/21/2024 2:21:27 PM EST
[Last Edit: BM-ARM-DPMS-guns]
[#46]
I dumped my SENS finally, as it was up a fraction today. Held that bag for a long time. So now it will probably moon.
Picked up another 15k MVIS at 2.09 +/-. Total 190k. |
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Posted: 2/21/2024 2:55:49 PM EST
[Last Edit: CajunMojo]
[#47]
Quote HistoryOriginally Posted By BM-ARM-DPMS-guns: I dumped my SENS finally, as it was up a fraction today. Held that bag for a long time. So now it will probably moon. Picked up another 15k MVIS at 2.09 +/-. Total 190k. ETA: It'd be a whole lot easier to estimate your gains if you rounded it off to 200k.  
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Posted: 2/21/2024 2:57:52 PM EST
[Last Edit: Total53]
[#48]
Quote HistoryOriginally Posted By BM-ARM-DPMS-guns: I dumped my SENS finally, as it was up a fraction today. Held that bag for a long time. So now it will probably moon. Picked up another 15k MVIS at 2.09 +/-. Total 190k. I noticed SENS was green .0085, I need to dump it too maybe get some tax money back.  Earlier IBKR sent out a notification that MVIS was doing Earnings tomorrow after close but I'm guessing they were guessing. MVIS website has nothing, no PR + no date, fucking IBKR had me all excited that "something happened" and they had to do Earings real fast, but NO! These brokers are ass wipes sometimes! Crappy screen capture...  Attached File |
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Posted: 2/21/2024 3:03:44 PM EST
[#49]
Quote HistoryOriginally Posted By Kuraki: Tax question. Hoping you guys can help. Fidelity keeps pushing out the finalized 1099s they're going to send me for 2023. First it was "check back on 2/6" then "check back on 2/10" then 2/22 now it's 3/6... My taxes are done except for this bullshit. There were 2 securities that I bought, held, then sold in 2023 that paid some minor dividends, and Fidelity says they're waiting on information from those two companies to finalize 1099s. I don't understand why. Fidelity knows exactly what my cost basis was, what dividends were paid, and what proceeds/loss there was when I sold. I can't imagine what information they possibly need from the companies in order to finalize a 1099. They've given me a preliminary one, but say "don't use this" for tax purposes. Well fuck. We're not talking about much money in proceeds. I hate having my taxes complete but can't file because of $40.54 of dividends these two paid me in 2023. So my conundrum is do I take the preliminary 1099s and just hand jam the info in and hope it matches what Fidelity reports to the IRS? Do I overestimate and therefore overpay? Or do I just continue to wait? I'd be content to wait but it causes me some anxiety because every time I've waited to April 14th to file I've gotten fucked somehow, so even though it appears I'll be getting a small refund and the 1099 from Fidelity is going to have next to no impact on my tax liability, I'm worried that discrepancy between what I file and what Fidelity files don't match and I have 87,000 IRS agents lining up to raw dog me for lulz because they can. Consider the bright side. Based on your post, you probably don't own any publicly traded MLPs
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Posted: 2/21/2024 3:12:51 PM EST
[#50]
Originally Posted By CajunMojo: ETA: It'd be a whole lot easier to estimate your gains if you rounded it off to 200k. https://media1.tenor.com/m/ewKr2mtB_dAAAAAC/good-luck.gif Maybe. Really wasn’t going to exceed 175k but figured might as well go big or go home. |
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