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/biz/ - Business & Finance


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53085513 No.53085513 [Reply] [Original]

>people selling at end of year for a loss to claim it on tax
Is this an American thing? Is the burger financial year from 1st January to December 31st?

>> No.53085525

>>53085513
Honestly I have no idea what people are doing.
I do my taxes in march-april and that's it.

>> No.53085550

>>53085513
yes, mutts are like that

>> No.53085573

>>53085513
It's only really useful if you want to offset capital gains you realized or if you want to rebalance your portfolio

>> No.53085587

>>53085513
if we're talking about stocks, that's called wash trading and there are specific tax regulations that prevent it.

t. accountant