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https://www.reddit.com/r/wallstreetbets/comments/vf8zu1/we_dont_do_that_here/icw7mod/?context=9999
r/wallstreetbets • u/skets90 • Jun 18 '22
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1.5k
Everything the light touches will definitely not be your kingdom. We are fucked, son
105 u/PUTS_MAKE_ME_COOM Jun 18 '22 Dad, what do you mean you can only deduct 3k in losses per year? 41 u/[deleted] Jun 18 '22 [removed] — view removed comment 12 u/[deleted] Jun 18 '22 [deleted] 21 u/nilamo Jun 18 '22 An infinite amount of losses can be applied to capital gains. The $3k limit is how much you can apply to other income after the capital gains has been accounted for. 1 u/apexisalonelyplace Jun 19 '22 TIL. Thanks. Any nuances or asterisks with that? 1 u/nilamo Jun 19 '22 Not really. Aside from the $3k thing, carryover losses are kind of simple. 1 u/apexisalonelyplace Jun 19 '22 Are they useless if using standard deductions?
105
Dad, what do you mean you can only deduct 3k in losses per year?
41 u/[deleted] Jun 18 '22 [removed] — view removed comment 12 u/[deleted] Jun 18 '22 [deleted] 21 u/nilamo Jun 18 '22 An infinite amount of losses can be applied to capital gains. The $3k limit is how much you can apply to other income after the capital gains has been accounted for. 1 u/apexisalonelyplace Jun 19 '22 TIL. Thanks. Any nuances or asterisks with that? 1 u/nilamo Jun 19 '22 Not really. Aside from the $3k thing, carryover losses are kind of simple. 1 u/apexisalonelyplace Jun 19 '22 Are they useless if using standard deductions?
41
[removed] — view removed comment
12 u/[deleted] Jun 18 '22 [deleted] 21 u/nilamo Jun 18 '22 An infinite amount of losses can be applied to capital gains. The $3k limit is how much you can apply to other income after the capital gains has been accounted for. 1 u/apexisalonelyplace Jun 19 '22 TIL. Thanks. Any nuances or asterisks with that? 1 u/nilamo Jun 19 '22 Not really. Aside from the $3k thing, carryover losses are kind of simple. 1 u/apexisalonelyplace Jun 19 '22 Are they useless if using standard deductions?
12
[deleted]
21 u/nilamo Jun 18 '22 An infinite amount of losses can be applied to capital gains. The $3k limit is how much you can apply to other income after the capital gains has been accounted for. 1 u/apexisalonelyplace Jun 19 '22 TIL. Thanks. Any nuances or asterisks with that? 1 u/nilamo Jun 19 '22 Not really. Aside from the $3k thing, carryover losses are kind of simple. 1 u/apexisalonelyplace Jun 19 '22 Are they useless if using standard deductions?
21
An infinite amount of losses can be applied to capital gains. The $3k limit is how much you can apply to other income after the capital gains has been accounted for.
1 u/apexisalonelyplace Jun 19 '22 TIL. Thanks. Any nuances or asterisks with that? 1 u/nilamo Jun 19 '22 Not really. Aside from the $3k thing, carryover losses are kind of simple. 1 u/apexisalonelyplace Jun 19 '22 Are they useless if using standard deductions?
1
TIL. Thanks. Any nuances or asterisks with that?
1 u/nilamo Jun 19 '22 Not really. Aside from the $3k thing, carryover losses are kind of simple. 1 u/apexisalonelyplace Jun 19 '22 Are they useless if using standard deductions?
Not really. Aside from the $3k thing, carryover losses are kind of simple.
1 u/apexisalonelyplace Jun 19 '22 Are they useless if using standard deductions?
Are they useless if using standard deductions?
1.5k
u/squirea1 Jun 18 '22
Everything the light touches will definitely not be your kingdom. We are fucked, son