7 ms·
Which is why in the USA you write off your losses. If you make 11 on 20 and lose 10 on 20, you pay taxes on 1 dollar.
by wjossey 5y ago
Which is why in the USA you write off your losses. If you make 11 on 20 and lose 10 on 20, you pay taxes on 1 dollar.
- sokoloff 5y agoIndividual investors’ ability to “write off” capital losses is limited to offsetting any gains plus $3K/ year (in the US).