PHI Group Inc (PHIL): $3,000 is correct from my experience, ev...

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Re: Sodapop42 post# 93489

Tuesday, 12/14/2021 6:30:40 PM

Tuesday, December 14, 2021 6:30:40 PM

$3,000 is correct from my experience, even carry forwards from previous loses can only be $3,000 loss write off per year max on a filing FMU. Not Cool!!!

For instance you could have $156,000 loss, but can only claim $3,000 per year on it. Good years trading, its nice to have a carry forward on taxes, or just a write off. But it is never a good feeling to lose money and have to have a write off!!! LOL!

$PHIL

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