Investing General Discussion

Furry

Furry

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Kathie wood has pretty much been a laughing stock in here for a while.
 
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Khane

Khane

Got something right about marriage
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Where's my tax rebate for unrealized losses?

EDIT: Oh they actually are doing that

"Also, if an investor incurs a net loss in a given year, that loss can be carried forward and used to reduce taxable gains in any future year, with no time limit. Only losses exceeding €500 qualify for this treatment; amounts below €500 are written off. "
 
Cad

Sheriff Cad

scientia potentia est
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Khane said:
Where's my tax rebate for unrealized losses?
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They have unlimited loss carry forwards. Doesn't really help since in down years its not like you get rebates, but you could use it to offset future gains?

But in a normal retirement/hold scenario, you will get absolutely raped on this.
 
Khane

Khane

Got something right about marriage
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Its completely absurd. Doesn't seem like there is any provision for liquidity issues either, so if you can't afford the tax bill on your unrealized gains you'll have to sell to cover it which then also triggers another tax event the following year?
 
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Cad

Sheriff Cad

scientia potentia est
<Nazi Janitors>
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Khane said:
Its completely absurd. Doesn't seem like there is any provision for liquidity issues either, so if you can't afford the tax bill on your unrealized gains you'll have to sell to cover it which then also triggers another tax event the following year?
Click to expand...
And the UHNW people they want to get with this can evade it, so it just hits the working rich as always.
 
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