Wow...you see...this is useful information. Thank you. Since I’m still in the accumulation phase of my life I haven’t even thought about realized gains yet. I already pay way too much in taxes and realizing any more is not what I’m trying to do. But, I guess I will have to stop being lazy about it for my future self and get back on the TLH wagon. That’s really what it comes down to. Laziness at something I saw little value in.
X
-
-
it's right there in the link you kindly shared.
The term "net long-term capital gain" means long-term capital gains reduced by long-term capital losses including any unused long-term capital loss carried over from previous years.👍 1Comment
-
Comment
-
That's only the maximal amount that can be used to reduce your taxable income but you can cancel out an infinite amount of gains, if that makes sense.👍 1Comment
-
Even when you are in the accumulation phase, TLH can be useful. I had a stock that was acquired by another company. No prob, right, these mergers happen all the time with no tax consequences. Well the way this deal was structured, I ended up booking a significant LTCG (and still had to buy the parent company). Nothing like being given unneeded cash at 23.8%....👍 1Comment
-
tax loss harvesting beyond the yearly 3k ordinary income offset trades a lower basis and potentially greater future tax, for near term flexibility. Maybe you have unrealized gains in an asset you want to get out of. Or you need to liquidate for a large expense. Having the ability to do so and negate the tax with carryover losses can be a great benefit👍 2Comment
-
tax loss harvesting beyond the yearly 3k ordinary income offset trades a lower basis and potentially greater future tax, for near term flexibility. Maybe you have unrealized gains in an asset you want to get out of. Or you need to liquidate for a large expense. Having the ability to do so and negate the tax with carryover losses can be a great benefitComment
-
That would be the ultimate 2020 move. But, if I were investing as much money in Bitcoin as Saylor, I'd also try to be convincing billionaires to convert their wealth into Bitcoins.Comment
-
to be clear Saylor was only responding to this tweet from Musk lol
👍 2Comment
-
to be clear Saylor was only responding to this tweet from Musk lol
https://twitter.com/elonmusk/status/...406001153?s=21Comment
-
Comment
-
to be clear Saylor was only responding to this tweet from Musk lol
https://twitter.com/elonmusk/status/...406001153?s=21
Bloomberg has picked up this little conversation, though.
Musk also knows how to rile up a base. I'm sure he's gonna do his best to not let TSLA go the way of Yahoo.Comment
Channels
Collapse
Comment