Wednesday, July 08, 2020 7:14:06 PM
Hoping you haven’t bought any shares in the last 30 days or you’ll have a wash sale and can’t deduct the loss this year.
Remember you can only deduct $3000 a year in net capital losses, though you can carry the excess loss forward and use the remainder next year.
Why are taxes so complicated?
Oh yeah, never mind, I remember—we live in an civil oligarchy that is set up for tax avoidance by billionaires. You’ll know you’ve made it when to have a team of tax accounts working for you full time.
https://www.amazon.com/Oligarchy-Jeffrey-Winters/dp/0521182980/
Very well documented and reasoned book.
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