> So if you hold stock and it crashes, then you can use that loss to offset your tax burdenPrevious | First | 1 | Last | Next
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So if you hold stock and it crashes, then you can use that loss to offset your tax burden
Essentially getting the stock for free.
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Re: So if you hold stock and it crashes, then you can use that loss to offset your tax burden
i'm just leaning about how taxes work!
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Re: So if you hold stock and it crashes, then you can use that loss to offset your tax burden
Free worthless stock or paying taxes on profits… which do you prefer?
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Re: So if you hold stock and it crashes, then you can use that loss to offset your tax burden
wrote:
i'm just leaning about how taxes work!
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And yet I've wasted just a little bit of your time. 
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Re: So if you hold stock and it crashes, then you can use that loss to offset your tax burden
wrote:
Free worthless stock or paying taxes on profits… which do you prefer?
Well it has many stipulations and limits but it does turn out to be a recognized strategy for managing taxes.
Now if you were to say, float all of this on no interest credit cards...
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HeekeeRe: So if you hold stock and it crashes, then you can use that loss to offset your tax burden
you need capital gains elsewhere though to offset against 
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.,Re: So if you hold stock and it crashes, then you can use that loss to offset your tax burden
Heekee wrote:
you need capital gains elsewhere though to offset against
^
you can't do write offs if you only have losses 
https://www.youtube.com/watch?v=XEL65gywwHQ
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SockpuppetRe: So if you hold stock and it crashes, then you can use that loss to offset your tax burden
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i'm just leaning about how taxes work!
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But he hasn’t learned.
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Re: So if you hold stock and it crashes, then you can use that loss to offset your tax burden
wrote:
Essentially getting the stock for free.
No. You are a fuqing Moron
If you lose on a stock that is a Capital Loss
To get a tax benefit you must offset it against Capital Gains
Any tax benefit for capital losses remaining are a DEDUCTION from your income NOT A DOLLAR FOR DOLLAR CREDIT against a tax liability
Thus depending on the tax bracket percentage you are in that is the maximum percentage deduction you will get
But go ahead. Go all in but I doubt you have any significant money to invest
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Re: So if you hold stock and it crashes, then you can use that loss to offset your tax burden
wrote:
No. You are a fuqing Moron
If you lose on a stock that is a Capital Loss
To get a tax benefit you must offset it against Capital Gains
Any tax benefit for capital losses remaining are a DEDUCTION from your income NOT A DOLLAR FOR DOLLAR CREDIT against a tax liability
Thus depending on the tax bracket percentage you are in that is the maximum percentage deduction you will get
But go ahead. Go all in but I doubt you have any significant money to invest
a Moron with a free tax lesson 
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