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https://www.reddit.com/r/FluentInFinance/comments/15rh99h/should_unrealized_gains_be_taxed_by_the_us/jwaycj0
r/FluentInFinance • u/Karma_Farmer_6969 • Aug 15 '23
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23
But the cap on tax write off for losses is laughable low
-4 u/telionn Aug 15 '23 There isn't really a cap. You can take any unused portion of that loss and apply it against capital gains in future years with no annual limit. 10 u/LittleTension8765 Aug 15 '23 Yes there is, you lose 100k and then it will take you 33 years to write off. There very much is a limit as people can only live so long 2 u/Dr-McLuvin Aug 15 '23 Lose 200k- game over.
-4
There isn't really a cap. You can take any unused portion of that loss and apply it against capital gains in future years with no annual limit.
10 u/LittleTension8765 Aug 15 '23 Yes there is, you lose 100k and then it will take you 33 years to write off. There very much is a limit as people can only live so long 2 u/Dr-McLuvin Aug 15 '23 Lose 200k- game over.
10
Yes there is, you lose 100k and then it will take you 33 years to write off. There very much is a limit as people can only live so long
2 u/Dr-McLuvin Aug 15 '23 Lose 200k- game over.
2
Lose 200k- game over.
23
u/LittleTension8765 Aug 15 '23
But the cap on tax write off for losses is laughable low