tell me about tax loss harvesting, biz

File: 242 KB, 709x531, 1618646914379.jpg [View same] [iqdb] [saucenao] [google]

Anonymous Tue Nov 28 03:11:16 2023 No.56795072 [Reply] [Original]

tell me about tax loss harvesting, biz

>>	Anonymous Tue Nov 28 03:13:08 2023 No.56795092 nah

>>	Anonymous Tue Nov 28 03:48:04 2023 No.56795358 >>56795072 Pay no tax, taxman makes a loss. Simples.

Anonymous Tue Nov 28 04:08:14 2023 No.56795470

>>56795072
If you recognize capital loss, you can use those losses to offset your capital gains.

For example, imagine you sell your Basadopupperino coin for a $1,000 gain but also sold your Stinkydinkyinu coin at a $500 loss. At the end of the year, you will only owe capital gains tax on $500, instead of $1,000, because you harvested the $500 loss on Stinkydinkyinu.

Advanced search
Text to find
Subject [?]Search by post subject. Leave empty for any.
Username [?]Search for user name. Leave empty for any user name.
Tripcode [?]Search for tripcode. Leave empty for any.
Email [?]Search by email. Leave empty for any.
Filename [?]Search by image filename. Leave empty for any.
From Date [?]Enter what date to start searching from. Format is YYYY-MM-DD
To Date [?]Enter what date to start searching until. Format is YYYY-MM-DD
Image hash
Search in	All Posts OPs Only
Deleted posts	Show all posts Show only deleted posts Only show non-deleted posts
Internal posts	Show all posts Show only internal posts Show only archived posts
Order	New posts first Old posts first
Capcode	All Posts Only by Users Only by Mods Only by Admins Only by Developers
Results	Posts Threads
Action	[ Simple ]

/biz/ - Business & Finance