SI
SI
discoversearch

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.
Technology Stocks : Apple Inc.
AAPL 273.25-0.2%Dec 26 3:59 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Andrew Danielson who wrote (24493)4/30/1999 6:35:00 PM
From: Dragonfly  Read Replies (1) of 213177
 

If you have a $1000 profit, it gets added to your income, and you get taxed %20, you pay $200 of your profit to the IRS.

If you have a $1000 loss, its seems not all of it is subtracted from your income, and you get less than $200 off of your taxes.

Not sure why this is, but this is the results I got with my Tax software when I did my taxes this year.

Dragonfly
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext