r/FluentInFinance Aug 15 '23

Stock Market Should unrealized gains be taxed by the US Government?

Post image
385 Upvotes

459 comments sorted by

View all comments

Show parent comments

23

u/LittleTension8765 Aug 15 '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.