[dewilson58]

Originally Posted by FG111

Hello -
Like most here, I'm just sitting at home playing the stock market with little to no knowledge of how the market works. This last month, I got VERY lucky with $GME, $UVXY & $OZSC. On my cash account I had some spare money, gambled and profited 82K this month.
Do I take 32% and pay my tax on my next quarterly federal tax payment or wait till the end of the year or just pay it now ? Also, I lost last year about 10K in the market. Can I carry the loss into this years gain ?

Yes, of course I will ask my tax preparer, but just asking how others would handle this.
Thxs

There is a difference between an $82k profit on paper, vs. an $82k gain at sale. Did you sell the stocks (do NOT answer on the board..............we do not need to know)