Politics for Pros- moderated Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Politics for Pros- moderated

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: LindyBill who wrote (609851)	10/3/2016 7:09:28 AM
From: Bearcatbob	Read Replies (4) of 793896

Lindy, The tax issue is interesting to me. If one takes a capital loss the deduction is limited to $3k per year. One is allowed to offset gains - but only capital gains. The issue becomes how one becomes a billionaire if one does not take gains. Then the question is at what point the gains overcome the losses - as they must if one's net value increases. Also, the loss only applies to capital gains. It does not impact other sources of income - like wages that I assume he gets from his business. Simply put - ones's impact has many components. The loss only impacts one of those components. If he got any wage income - he had to pay taxes on that wage income. Simply move on.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next