"That's a side argument, not related to tax law.....which is what the conversation was about today."
I beg to differ, and as someone who has been consistently correct about the outcome and trajectory of FASC for around a decade now in the face of some pretty heavy criticism, perhaps I could be cut some slack to at least develop my argument.
My comments arose from me remarking that brokers can be helpful in these circumstances, by helping one to crystallize a loss so that it can be claimed as a write-off.
And crystallizing a tax loss is what the conversation was really about.
"It is difficult to get a man to understand something, when his salary depends upon his not understanding it."
Upton Sinclair
"Nobody ever went broke underestimating the intelligence of the American public."
H. L. Mencken